Bitcoin

Zero

Peter Brandt, an economist and trader with over 50 years of experience, has recently issued a stark warning about the future of XRP. In his latest analysis, Brandt examined XRP’s performance against Bitcoin (BTC) and shared a concerning price prediction. 
<h2 id="xrp-could-drop-to-zero-against-bitcoin">XRP Could Drop to Zero Against Bitcoin</h2> 
Brandt, who has been trading since 1975, used an 11-year head-and-shoulders (H&amp;S) pattern to back up his bold claim that XRP’s price could eventually drop to zero when compared to Bitcoin. According to Brandt, if this pattern completes, XRP could become almost worthless against <a href="https://www.turkishnyradio.com/bitcoin-price-drops-below-60k-igniting-a-brief-buying-spree/" target="_blank" rel="noopener">Bitcoin</a>, raising serious concerns among investors. 
<img loading="lazy" decoding="async" class="alignnone size-full wp-image-21306" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/illustrating-Peter-Brandts-warning-about-XRPs-potential-price-drop-against-Bitcoin-The-visual-should-feature-the-XRP-a.webp" alt="illustrating Peter Brandts warning about XRPs potential price drop against Bitcoin The visual should feature the XRP a" width="1792" height="1024" title="Veteran Analyst Peter Brandt Issues XRP Warning: A Grim Price Prediction! 12" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/10/illustrating-Peter-Brandts-warning-about-XRPs-potential-price-drop-against-Bitcoin-The-visual-should-feature-the-XRP-a.webp 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/illustrating-Peter-Brandts-warning-about-XRPs-potential-price-drop-against-Bitcoin-The-visual-should-feature-the-XRP-a-768x439.webp 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/illustrating-Peter-Brandts-warning-about-XRPs-potential-price-drop-against-Bitcoin-The-visual-should-feature-the-XRP-a-1536x878.webp 1536w" sizes="(max-width: 1792px) 100vw, 1792px"> 
Despite this dire forecast, Brandt also mentioned that in the long term, XRP could still hold its value against the US dollar, estimating that it might stay around $0.034. However, one user responded to Brandt’s analysis, suggesting that his prediction of XRP maintaining a $0.034 value was overly generous. 
<h2 id="a-potential-for-growth">A Potential for Growth?</h2> 
Although Brandt’s outlook for XRP against Bitcoin is grim, he did leave the door open for a potential upside. He pointed out that XRP might still have room to grow. Brandt shared a monthly XRP/USD chart and noted the possibility of a bullish continuation triangle forming, hinting that XRP could see gains in the future if this pattern plays out. 
<blockquote class="twitter-tweet"> 
 This is an X post that many will screenshot and remind me of often for years to come Does everyone know that Ripple actually is formal name for “RIP PPL OFF ” <a href="https://twitter.com/search?q=%24XRPBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$XRPBTC</a> Chart has an 11-year complex H&amp;S that ONLY IF completed projects price to ZERO Bitcoin Good news for the day! <a href="https://t.co/KGodcqUn64" rel="nofollow" target="_blank">pic.twitter.com/KGodcqUn64</a> 
 — Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1841819679179817060?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">October 3, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Peter Brandt’s warning comes at a critical time for XRP investors, and while his predictions suggest caution, he also acknowledges that the crypto market is full of surprises. The market will be watching closely to see how XRP performs in the coming months.

Veteran Analyst Peter Brandt Issues XRP Warning: A Grim Price Prediction!

Table of Contents

TNYR

Other articles published on Oct 4, 2024

Crypto AI:CON Gathers the Brightest AI and Blockchain Minds in Lisbon

Magic Eden Expands To Arbitrum With New Gaming NFT Collection

Trump Ends SEC Will Explode Over 19,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag

Sudeng soars to record high as Sui meme coins gain traction

Analyst Says “Short-Term Sellers Exhausted in Bitcoin”, Shares What to Expect Next

Whales Buy Over 1 Billion DOGE Amid Price Fluctuations

Join our free newsletter for daily crypto updates!