Renowned trader Peter Brandt has once again drawn the attention of investors with his pessimistic forecast regarding the price of XRP.
The experienced trader has recently issued predictions concerning various financial instruments, including the S&P 500, gold, the Yen, Bitcoin, and crude oil.
Notably, he has expressed a bearish outlook for cryptocurrencies while maintaining a positive perspective on gold prices.
Peter Brandt Foresees 50% Drop in XRP Price by 2025
Currently, XRP has experienced a slight increase of approximately 1%, reaching $2.08, although trading volume has decreased by 29% to $1.7 billion.
The cryptocurrency has remained stable within the range of $2.10 to $2.06 over the past 24 hours, suggesting a neutral stance among investors.
Additionally, data from CoinGlass indicates that Ripple’s Futures Open Interest has remained relatively unchanged, further highlighting traders' cautious approach.
Despite this period of consolidation, analysts have expressed varied opinions regarding the future direction of the coin. In this context, Peter Brandt has recently provided a bleak outlook for Ripple’s native asset, which has sparked speculation in the market.
In a series of recent social media posts, Brandt has shared his predictions for multiple assets. He remarked that “everyone’s favorite” XRP price is expected to remain at its current level until the end of 2025.
However, he cautioned that if bearish trends persist, the year could conclude on a negative note, with the market capitalization potentially dropping to $60 billion. This would signify a decline of over 50% from the current market cap of $121.6 billion, implying a price reduction to $1.
Recent trends suggest a promising outlook for Ripple's coin in July. This optimism is reinforced by the historical performance of altcoins during the same month in previous years, which demonstrated significant asset growth.
Brandt Maintains Bearish Stance on BTC While Anticipating Gold Price Surge
In addition to his analysis of $XRP , Peter Brandt has offered a forecast for Bitcoin's price based on chart analysis.
The seasoned trader predicts that $BTC may conclude the year at approximately $84,000, dismissing assertions of any substantial breakout in the near future.
Nevertheless, this perspective stands in contrast to the predictions of other analysts, many of whom anticipate a significant surge for the leading cryptocurrency, potentially reaching a new all-time high in the near future.
For instance, Robert Kiyosaki recently asserted that Bitcoin could reach $1 million within the next few years, which has generated optimism in the market.
In the meantime, despite Brandt's pessimistic view on the prices of Bitcoin and XRP, he has expressed an optimistic forecast for gold.
He believes that gold could reach $3,500 by the end of 2025. In discussing this update regarding the precious metal, he remarked, “Gold Finger, the market with the magic touch.”