Peter Brandt Says XRP Holders Are the Most Uneducated Perma Bulls

Veteran trader Peter Brandt has described XRP holders as among the most ignorant perma bulls in the financial space.

He framed his view around experience, noting that he has traded thousands of contracts across commodities, stock indices, and cryptocurrencies. From his perspective, XRP supporters fall into a category of investors who remain bullish regardless of price action, macroeconomic conditions, or repeated market setbacks.

XRP Community Pushes Back

As expected, Brandt’s comments triggered an immediate response from the XRP community. Zach Rector, a well-known XRP figure, countered by pointing to a recent shift in sentiment from Bitcoin maximalist YoungHoon Kim.

Kim, who claims to have the world’s highest IQ of 276, said on December 12 that he would now be buying XRP. The shift from Kim surprised many, given his long-standing Bitcoin-only stance.

Others took a different tone. X Finance Bull respected Brandt’s trading experience but argued that traditional chart analysis may not fully explain what’s happening with XRP. He suggested that larger economic and structural changes could matter more than chart patterns alone.

Meanwhile, Altcoin Buzz remarked that XRP supporters care less about short-term gains and more about a broader financial revolution. He views Brandt’s criticism not as an attack, but as the opinion of an experienced market veteran.

Silver and XRP Bulls Embrace the Label

Dr. Don Woods, who describes himself as a silver bull, joked that after seeing triple-digit gains, he does not mind being labeled uneducated or biased.

Jay Grissom echoed that sentiment, highlighting that XRP has moved from $0.005 to its current level above $2, while silver has risen from $3 to $61. Emphasizing long-term gains, he said he was happy to “bask” in the label.

History of Tension With XRP

Notably, this is not the first time Brandt has criticized XRP holders. Earlier this month, he described them as among the most obsessed perma bulls in the market, comparing their conviction to that of silver investors.

He has also made repeated bearish calls on XRP over the years, including predictions that it would trend toward zero against Bitcoin—forecasts that XRP supporters often note have failed to materialize.

At the same time, Brandt’s stance has not been consistently negative. Earlier this year, he identified a bullish chart pattern on XRP and projected higher price targets, one of which was later reached before the market pulled back.

Ultimately, Brandt relies on traditional chart analysis built on years of trading experience. XRP supporters, meanwhile, focus more on adoption, legal progress, and broader systemic changes rather than price charts alone.