Renowned trader Peter Brandt has voiced his concern over the potential decline of XRP against Bitcoin (BTC) as the pair nears its all-time lows. Brandt, who has a substantial following of 728,900 on social media platform X, warns that the XRP/BTC pair is at risk of dropping below its long-term range low. Based on classical charting principles, Brandt predicts that the target for the range breakdown is 0.0000002 BTC ($0.013). Brandt humorously pokes fun at XRP enthusiasts, stating that the chart indicates a possible decline to zero. He questions the confidence of XRP bulls who argue that XRP is close to its all-time lows compared to BTC, pointing out that XRP has actually only closed higher than current levels in six of the past 126 months. Brandt believes that if XRP supporters are so confident in the asset class, they should have better performance to back up their claims. While Brandt acknowledges the potential for XRP to outperform BTC in the ongoing market cycle, he asserts that the burden of proof lies with XRP as a payments altcoin. He suggests that if investors are interested in altcoins, they should consider options other than XRP. Brandt has maintained a bearish stance on the XRP/BTC pair since 2017. BTC is currently trading at $62,834, experiencing a 3% increase in the past 24 hours. XRP is trading at $0.504, with a 1% increase in the past 24 hours.
