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- The founder and CEO of a renowned global trading firm Factor LLC, Peter Brandt labels XRP as an outright scam.
- Peter Brandt, being a renowned name in the commodity trading business and crypto space also believes that the ripple’s value might also hit a virtual zero.
The founder and CEO of a renowned global trading firm Factor LLC, Peter Brandt labels XRP as an outright scam. Brandt has been a critic of XRP and Chainlink for long. However, he recently dismissed a recent bullish chart to which he was branded as a big nothing. However, he debated that the Chainlink was only taking up investors who have been let down by XRP.
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
Peter Brandt, being a renowned name in the commodity trading business and crypto space also believes that the XRP value might also hit a virtual zero. And this may prompt the people to buy at that state.
On it’s way to zero
— Peter Brandt (@PeterLBrandt) May 6, 2020
Peter Brandt is all over again jab holes into Ripple’s token. He has marked the token as a scam that keeps losing its community members. Alongside the loss of investors to the Chainlink (LINK), a comparatively new digital asset, at this time.
XRP is A Dead End
At this point, he is proved to be a big-time critic for XRP community. Experts including Peter Brandt claim that Considering a day of massive price movements in the crypto markets, XRP is indicating the bearish behaviour in its growth in the near future. He also added that if the altcoin closes above $0.3038 it would be a bearish indicator with an initial target of $0.4691. He also claims through his charts that the ripple’s token is consistently crashing since the past few months which might result in the lack of liquidity.
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
Peter Brandt also proposed that the XRP ledger has descended and the asset is entering into the implicating prices which will fall quite soon. Manipulating markets which will result in the loss of investors.
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
Although, many of his followers commented and seem to have a disagreement on his tweets, while some of them seem to be agreed to his predictions.
