XRP Holders Labeled ‘Uneducated Perma Bulls’ By Veteran Trader Peter Brandt
Veteran trader Peter Brandt has reignited debate around XRP after describing some of its most committed supporters as among the most “uneducated” and biased “perma bulls” he has encountered across markets.
Brandt, who said he has handled thousands of contracts across commodities, equity benchmarks, and digital assets, argued that the “perma bulls who I find most uneducated and biased are those who trumpet Silver and XRP.” He framed the criticism around what he sees as a recurring pattern: investors maintaining bullish convictions even when market conditions or price action turn against them.
The remarks land at a time when sentiment around XRP is notably mixed. Some commentators remain publicly skeptical about the asset, while others have softened or reversed earlier criticism following XRP’s market performance.
One frequently cited example is veteran analyst Raoul Pal, who previously urged XRP holders to rotate into other assets. After XRP surged in November 2024, Pal acknowledged he was wrong and has since turned more constructive on XRP.
Other public figures continue to hold firm negative views. CNBC’s Ran Neuner has said he will not invest in XRP, even as he points to what he describes as growing institutional adoption, ETF inflows, and cross-chain developments in the broader XRP ecosystem.
Meanwhile, derivatives positioning has shown signs of caution. XRP perpetual futures funding rates fell to -20% on Thursday, the lowest level since an Oct. 10 crash. Negative funding typically indicates shorts are paying longs to keep positions open, and can reflect weak demand from bullish traders at that moment.
At the same time, bullish commentary remains active across XRP-focused analysts and influencers. Market commentator Claver said major firms, including $9.3 trillion Vanguard, are offering XRP-related products to clients, and described himself as “super bullish” on the remainder of the year. Separately, analyst EGRAG highlighted $27 as a “most bullish” level tied to a long-term channel framework, though that target is presented as a technical reference rather than a confirmed outcome.
Additional narratives circulating around XRP include long-range comparisons to Bitcoin’s historical trajectory and individual endorsements, such as YoungHoon Kim—described as the world’s highest IQ holder—saying he is investing in XRP. These claims, however, do not resolve the central dispute reflected in Brandt’s comments: whether persistent optimism is grounded in changing fundamentals and market structure, or driven primarily by investor bias.
In the near term, charts and positioning indicators cited by market watchers point in different directions, with mentions of whale accumulation and a tightening triangle pattern on shorter timeframes alongside weaker funding signals. Brandt’s critique underscores how polarized XRP’s investor base remains, even as the asset continues to attract both institutional products and outspoken detractors.