- Experienced trader and analyst Peter Brandt has presented striking data against Ripple (XRP) bulls.
- In a social media post dated May 13, Brandt attacked Ripple bulls, pointing out that Ripple is almost at its all-time low against Bitcoin.
- Brandt, commenting on the XRP/BTC pair, could not hide his astonishment against those who can still be bullish in the face of such a bad picture.
Peter Brandt, a seasoned trader and analyst, presents compelling data against Ripple (XRP) bulls, highlighting the cryptocurrency’s all-time low against Bitcoin.
Brandt’s Attack on Ripple Bulls
Peter Brandt, in a social media post dated May 13, launched a scathing attack on Ripple bulls. Commenting on the XRP/BTC pair, Brandt pointed out that Ripple is positioned almost at its all-time low against Bitcoin.
Ripple’s Performance Against Bitcoin
Brandt further highlighted that in the last 126 months, XRP/BTC has only been above current levels for 6 months. The analyst expressed his astonishment at those who can still maintain a bullish stance in the face of such a dismal picture. According to CoinGecko data, XRP has shown a 0.1% increase in the last 24 hours and is currently trading at $0.50.
Conclusion
Brandt’s analysis paints a grim picture for Ripple, especially when compared to Bitcoin. Despite this, some traders remain bullish on XRP. As the crypto market continues to evolve, it remains to be seen how Ripple will perform in the coming months.
