Ripple's XRP Is Bottoming Against Bitcoin: Trading Legend Peter Brandt

Libra Coin News
Fri, 10/04/2019 - 17:06
Alex Dovbnya
Commodity trading vet Peter Brandt shocks crypto Twitter by saying that the XRP price has already bottomed against Bitcoin  
Cover image via U.Today

In his most recent tweet, veteran chartist Peter Brandt says that Ripple’s XRP is “bottoming” against Bitcoin. The third coin biggest by market cap is sitting at $0.255 (up 3.61 percent over the last 24 hours, according to CoinStats data).         

Ripple’s XRP to Be Accepted by Thousands of Businesses Because of BitPay Partnership

Brandt’s rare bullish XRP tweet 

This is a surprising take from someone who claimed that the XRP price could plunge to as low as $0.02 just one month ago. Some Twitter users are still in disbelief, claiming that the Bitcoin maximalist is probably being sarcastic.

Brandt is known as an avid XRP hater. Notably, he had some words of praise for Ripple as a company, but he still believes that it grossly manipulates the token’s price.

Earlier, crypto trader Luke Martin pointed out that XRP was forming a rounded bottom, also calling the token his “favorite” altcoin.  

Ripple’s XRP Celebrates Major Milestone Despite Pervasive FUD

Surviving all the FUD

XRP failed to make a splash in 2019 despite Bitcoin’s massive rally in Q2. As reported by U.Today, Multicoin Capital co-founder Kyle Samani claimed that Ripple and its continuous sales could be responsible for the token’s disastrous price performance.

Ripple CEO Brad Garlighouse recently did a CNN interview where he claimed that they couldn’t the price of the XRP token. 

With a slew of new developments within the Ripple ecosystem, it might be the beginning of a new glorious chapter for XRP.

What's your opinion on Brandt's bullish XRP call? Feel free to leave your comment under the article.  

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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