Peter Brandt’s Journey: From XRP Critic to Supporter
Past Criticism of XRP
Brandt’s relationship with XRP has been tumultuous. In December 2020, he infamously tweeted, “If you own XRP, then 10X shame on you for being such an idiot.” He labeled the cryptocurrency as unviable and predicted its eventual downfall, even suggesting in May 2024 that “XRP should be considered a security” and claiming its price would plummet to zero.
His harsh remarks and dismissive price predictions made him a vocal detractor, fueling tensions with the XRP community, who defended the asset’s technology and use cases.
A Dramatic Change in Tone
By late 2024, Brandt’s perspective shifted. He began recognizing XRP’s strong market performance, sharing charts that highlighted its technical growth. In one post, he called an XRP price chart “the most powerful chart in the crypto world.” Recently, Brandt referred to XRP as the “leader of the pack,” a stark departure from his earlier criticism.
Brandt’s newfound optimism came as XRP surged in November, following Donald Trump’s presidential election victory, reaching its highest price since 2018. Brandt even shared a chart suggesting XRP could climb above $8, cementing his position as a supporter.
The XRP Community Reacts
While Brandt now champions XRP, the community remains divided. Many remember his earlier disdain, but some see his shift as validation of XRP’s growing market significance.
