Peter Brandt, a seasoned voice in global markets, has once again rattled the crypto crowd—this time with a downbeat projection for XRP.
Known for his no-nonsense technical outlooks, Brandt has lumped XRP into a group of assets he’s bearish on, joining Bitcoin and the Japanese yen in what he sees as potential underperformers.
According to his latest analysis, XRP might be in for a rough ride. Brandt suggests the token could lose more than half its market value over the next 18 months, potentially slipping toward the $1 mark. If that scenario plays out, XRP’s total market cap would shrink dramatically, dropping from over $120 billion to around $60 billion.
Currently, the token is treading water near $2.08, showing little movement and even less conviction from traders. Volume has slumped, and activity in XRP futures contracts is also flat—indicators of a cautious, if not disengaged, market. While July has historically been a solid month for altcoins, and some are betting on another seasonal surge, Brandt remains unconvinced.
In his broader market view, Brandt is skeptical about Bitcoin’s ability to break into new highs anytime soon. He predicts BTC will finish the year closer to $84,000, which contrasts sharply with some analysts, like Robert Kiyosaki, who foresee the asset reaching seven figures in the next few years.
Where Brandt is optimistic, however, is in the commodities space—particularly gold. He envisions the precious metal climbing to $3,500 by the end of 2025, a target rooted in what he calls gold’s “magic touch.” Unlike the crypto market, where sentiment swings wildly, Brandt seems to believe gold offers the kind of stability investors may soon seek.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/xrp-on-thin-ice-expert-predicts-major-drop-while-backing-gold/