Legendary trader Peter Brandt has once again caught the investors’ attention with his bearish prediction for XRP price. The veteran trader has made a series of predictions recently for the S&P 500, gold, Yen, Bitcoin, and Crude oil. However, it appears that he has shared bearish forecasts for both cryptocurrencies while remaining optimistic about the gold price’s future.
Peter Brandt Predicts 50% XRP Price Crash By This Time
XRP value today has surged about 1% to $2.08, accompanied by a falling trading volume of 29% to $1.7 billion. Notably, the crypto has consolidated between the $2.10 and $2.06 mark over the last 24 hours, indicating that the investors are staying neutral. Besides, CoinGlass data showed that Ripple’s Futures Open Interest stayed near the flatline, further reflecting the cautious stance of the traders.
However, amid the consolidation phase, analysts have shared mixed thoughts on the future trajectory of the coin. For context, renowned trader Peter Brandt has recently shared a gloomy forecast for Ripple’s native asset, which has fueled market speculations.
In a recent series of posts on social media, the trader has shared predictions for several items. For context, Brandt said that “everyone’s favorite” XRP price is likely to stay at its current level by to end of the year 2025.
However, he also noted that if the bears continue to dominate, the year could end on a further low note with its market cap falling to $60 billion. This represents a drop of over 50% in its market cap from the current level of $121.6 billion, indicating a price drop to $1.
Source: Peter Brandt, X
Despite that, recent trends indicate a strong run for Ripple’s coin in July. Notably, this anticipation is further cemented by the historical performances of the altcoins in the same month of prior years, which showed a strong growth in the assets.
Brandt Remains Bearish On BTC But Eyes Gold Price Rally
Apart from XRP price, Peter Brandt has also shared a prediction for Bitcoin price, citing “charts.” According to the veteran trader, BTC is likely to end the year at around $84,000, refuting claims of any robust breakout ahead.
Source: Peter Brandt, X
However, it contradicts other experts’ forecasts as many expect a strong breakout for the flagship crypto to a new all-time high ahead. For context, Robert Kiyosaki has recently said that BTC is poised to hit $1 million in the next few years, sparking market optimism.
Meanwhile, despite Brandt’s bearish outlook for Bitcoin and XRP price, he has shared a positive prediction for the Gold price. According to him, Gold is likely to hit $3,500 by the end of 2025. Sharing the update for the precious metal, he said, “Gold Finger, the market with the magic touch.”
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