Peter Brandt Calls XRP Holders the Most Obsessed Perma-Bulls on Earth

Prominent financial market wizard Peter Brandt has shared a sarcastic take on XRP investors and their unusually intense optimism

By referring to this group of investors as “perma-bulls,” Brandt implies that supporters of silver and XRP consistently expect major price breakouts, even amid prolonged macro headwinds, stagnation, or repeated market downturns

XRP Holders Unwavering Support

Brandt’s commentary underscores the unwavering passion of XRP holders for their favorite token. The community has built a strong reputation for long-term conviction and resilience, frequently taking to X to dismiss bearish forecasts.

This steadfast support became particularly evident during the height of the U.S. SEC vs. Ripple lawsuit. While many expected the legal battle to weaken community enthusiasm, XRP supporters rallied, providing evidence that helped convince the judge that programmatic sales do not constitute investment contracts.

The community’s conviction has only strengthened as institutional adoption gains momentum, with several spot XRP ETFs now trading in the U.S. market. Interestingly, some members even interpreted Brandt’s commentary as a compliment, viewing his remark as recognition of their dedication

Rationale Behind Brandt’s Commentary

Notably, Brandt’s commentary stems from his frequent clashes with the XRP community. In 2024, for example, he issued a bearish forecast claiming XRP was heading toward zero against Bitcoin, which immediately triggered strong pushback. XRP holders pointed out that he made a similar prediction in 2017 that never materialized, insisting the projection would end the same way

Nonetheless, the back-and-forth has not deterred Brandt from issuing additional bearish calls. In fact, he noted that he took profits when XRP dropped to his projected target in October.

Although many critics claimed he was simply lucky, Brandt insisted his prediction was grounded in chart patterns described in a 1934 book by Richard W. Schabacker.

Sometimes Bullish

However, his XRP forecasts are not always bearish. Earlier this year, Brandt identified a bull flag pattern on XRP’s chart and projected potential surges to $3.54 and $4.39.

The first target materialized by mid-2025, with XRP rising to $3.66 a few weeks later. Since then, the token has fallen sharply and now trades at $2.18. From here, XRP would need a 101.37% rally to reach Brandt’s $4.39 target

Meanwhile, Brandt no longer holds bullish views on cryptocurrencies, including Bitcoin, as he believes the bull phase is over.