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
— The Factor Report (@PeterLBrandt) April 29, 2026
How deep into support do you Ripplettes think price could go? $XRP
$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.
