'Slighly Above Zero': Veteran Trader Mulls About Ultimate XRP Bottom

Veteran chartist Peter Brandt is taking aim at the XRP community once again.

The veteran commodities trader, who has playfully dubbed the asset's fervent supporters "Ripplettes", has come up with a rather provocative poll regarding XRP's impending price action. Brandt asked, "How deep into support do you Ripplettes think price could go?"

The options that were included in Brandt's poll include "Bottom is in," a drop to "Support at .93xx," a deeper plunge to "Support at .72xx," and total capitulation to "Slightly above zero."

Attention all Ripplettes
How deep into support do you Ripplettes think price could go? $XRP

— The Factor Report (@PeterLBrandt) April 29, 2026

XRP's daily price action

XRP was trading strongly in the $2.00 to $2.40 range in early January 2026 before suffering a catastrophic breakdown. The asset formed a cascading series of red daily candles, shedding roughly 50% of its value in a matter of weeks. The selling pressure reached its apex in early February with a massive, violent capitulation wick.

Buyers finally stepped in at this extreme low, pushing the daily close back up to establish a baseline near $1.30.

A mid-March bounce was decisively rejected right at the $1.60 level. A subsequent attempt in mid-April barely managed to tag $1.50 before rolling over.

XRP is currently trading precariously at $1.37, according to the most recent data.

Brandt has compared hardcore XRP supporters to "silver bugs." In late 2025, he bluntly stated that after trading for 50 years, the "perma bulls who I find most uneducated and biased are those who trumpet Silver and XRP."

There have been years of hostility between Brandt and the XRP army. Following a massive breakout where XRP surged while the rest of the market remained stagnant, the commodity trader issued a rare, public apology to the XRP community.