Based

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/peter-brandt-warns-investors-about-xrps-potential-decline/" data-wpel-link="internal">Peter Brandt Warns Investors About XRP’s Potential Decline</a><br></p>
<p>One of the biggest uncertainties in cryptocurrencies is <a href="https://en.coin-turk.com/ripple-co-founders-wallet-hacked-xrp-whales-hold-steady/" data-wpel-link="internal">XRP</a>, and analysts’ comments always attract attention. Some analysts predict that the cryptocurrency could rise to $5, perhaps a bit too optimistically, while others seem to have their eyes set on $1. Amidst all this, world-renowned trader Peter Brandt made a significant statement about XRP, causing concern among <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a>.</p> 
<h2 style="text-align: justify" id="xrp-coin-commentary">XRP Coin Commentary</h2> 
<p style="text-align: justify">Peter Brandt, a seasoned <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> expert, emphasized that XRP could lose value against Bitcoin (BTC) as it continues to move towards its all-time low levels. Brandt shared his views in a tweet on the X platform, stating that the XRP/BTC pair is at risk of falling below its long-term low range.</p> 
<p style="text-align: justify">Brandt mentioned that XRP might have more upward potential price movement compared to BTC throughout the remainder of the current market cycle. However, he also noted that the “burden of proof” still lies with XRP.</p> 
<blockquote> 
 <p>Very possible. But the burden of proof is on XRP, not BTC. And if the game is to be played with altcoins now, why not something other than XRP?</p> 
</blockquote> 
<p style="text-align: justify">According to Brandt, the XRP/BTC pair has shown a downward trend since 2017. As of the time of writing, BTC is trading at $61,534. BTC, which is indisputably at the top by market value, has seen a decline of approximately 2.27% in the last 24 hours.</p> 
<p>BTC’s market cap remains just above $1.2 trillion. The 24-hour trading volume, after a sharp rise yesterday, has calmed down a bit and increased by 5% to reach $28 billion.</p> 
<h2 style="text-align: justify" id="how-much-is-xrp-worth">How Much is XRP Worth?</h2> 
<p style="text-align: justify">On the other hand, XRP is trading at $0.504. Based on this price, it holds a market cap of $27.9 billion, ranking 7th on the CMC list.</p> 
<p style="text-align: justify">It has seen a decline of approximately 1% in the last 24 hours. Additionally, its 24-hour trading volume has risen above $1 billion again after a 6% increase.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-351404" src="https://coin-turk.com/wp-content/uploads/2024/05/xrp-coin-yorum-coin-turk-com.png" alt="" width="2433" height="1145"></p> 
<p style="text-align: justify">Due to the SEC vs. Ripple lawsuit, XRP remains one of the biggest uncertainties in cryptocurrencies. <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">Investors</a> are eagerly watching to see if a favorable decision in the case could push XRP back to the $1 region.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/peter-brandt-warns-investors-about-xrps-potential-decline/" data-wpel-link="internal">Peter Brandt Warns Investors About XRP’s Potential Decline</a></h5>

Peter Brandt Warns Investors About XRP’s Potential Decline

Table of Contents

COINTURK NEWS

Other articles published on May 14, 2024

Cardano Set for Major Gains, While Polygon Fights for Bullish Momentum: Key Trends for ADA and MATIC

How to Make Your First $2500 with Crypto

Binance Suspends XRP Support in Multi-Asset Mode

N-PIK is getting ready for LBank Listing for PIK Token!

Best Crypto to Buy Right Now May 14 – Tellor, Monero, ZetaChain

Gary Vee’s NFT Firm, VeeFriends, Launches A Presale For Its Character Cap Collection

Join our free newsletter for daily crypto updates!