By Solomon Odunayo
The veteran trader with over 40 years of trading experience, Peter Brandt, has revealed his bullishness in Bitcoin (BTC) and Ethereum (ETH), warning people that the third-largest digital currency, XRP, is a scam and manipulated market.
He revealed this in one of his recent tweets, stating that Bitcoin (BTC) and Ethereum (ETH) are “the real deal”, contrary to his stance on XRP.
Brandt Predicts Doom for XRP Price; Riles Up the XRP Army
A couple of hours ago, Peter Brandt illustrated through a chart he captioned in his tweet that there are indications that many bag holders are supporting XRPBTC at $0.000023 to $0.000024, as a desperate last stand.
He further stated that if bag holders back away, there is a possibility for the price of the digital token XRP to drop to $0.000011.
He wrote:
“I am a fan of simplicity in a chart. This chart tells me the bag holders (who need to dump > 40 Bil XRPs) are supporting XRPBTC at .000023 to .000024 as a desperate last stand. Sellers more aggressive since Oct ’19. If the bag holders back away, look for decline to $.000011.”
I am a fan of simplicity in a chart. This chart tells me the bag holders (who need to dump > 40 Bil XRPs) are supporting $XRPBTC at .000023 to .000024 as a desperate last stand. Sellers more aggressive since Oct '19
If the bag holders back away, look for decline to $.000011 pic.twitter.com/yFYiW7IXt0
— Peter Brandt (@PeterLBrandt) May 6, 2020
Expectedly, this negative tweet regarding XRP riled up the famous “XRP Army” to flood his thread to take him to task.
Peter Brandt Reiterates His Stance on Bitcoin (BTC), Ethereum (ETH) and XRP
After some hours, Peter Brandt made his stance known regarding the prospect of Bitcoin (BTC), Ethereum (ETH), and XRP.
In the same thread of tweets, Brandt revealed he’s super bullish about Bitcoin (BTC) and Ethereum (ETH). He said in his 45 years as a career market speculator, he has finally discovered the real deal from possible scams.
He added that he has continuously attempted to warn people about the manipulation in the digital token XRP and a possible dead end.
He wrote:
“Simps & wannabes accuse me of being a hater. I’m not. I’m super bullish BTC & ETH. In 45 years as a career market speculator, I’ve come to discern the real deals from the possible scams. I’ve only attempted to warn people that XRP is a manipulated market & a dead end.”
Simps & wannabes accuse me of being a hater. I'm not. I'm super bullish $BTC & $ETH
In 45 years as a career market speculator, I've come to discern the real deals from the possible scams
I've only attempted to warn people that $XRP is a manipulated market & a dead end pic.twitter.com/8G26XxrAOb
— Peter Brandt (@PeterLBrandt) May 7, 2020
Bitcoin (BTC), Ethereum (ETH), and XRP in the Market
The three largest digital currencies in the market have seemingly managed to regain their surging trend. Bitcoin (BTC) is so far leading the way in terms of market performance, with a relatively 5% price increase based on 24 hours estimation, trading at $9,838.62 at press time, as its periodic halving counts down.
Ethereum (ETH) and XRP managed 2.47% and 0.59% respectively over the past 24 hours.