thecryptobasic.com
Prominent financial market wizard Peter Brandt has shared a sarcastic take on XRP investors and their unusually intense optimism.
In a recent commentary on X, Brandt remarked that XRP bulls rank among the two most “obsessed perma-bull” groups, investors who remain extremely bullish regardless of market conditions. He added that the only other group showing similar levels of unwavering enthusiasm is silver bulls.
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.
I will take that as a compliment. Thanks Peter. 💪😂
— Michael D (@MichaelDkmkz) December 2, 2025
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.