Legendary trader Peter Brandt has shared a bearish prediction for XRP, suggesting its market cap could drop by 50% by the end of 2025.
Peter Brandt's Forecasts
On platform X, Brandt recently announced forecasts for various markets, including S&P 500, gold, Bitcoin, and oil. While he is negative on Bitcoin and XRP, he remains optimistic about gold.
Current XRP Metrics
Currently, XRP is trading at approximately $2.08, up by 1%, but its trading volume has fallen by 29% to $1.7 billion. The coin has been moving in a tight range between $2.06 and $2.10, indicating investor uncertainty.
Comparison with Other Assets
Brandt believes that if the market turns more bearish, XRP's total value could fall from $121.6 billion to just $60 billion, resulting in a price drop to around $1. Meanwhile, he predicts gold could reach $3,500 by the end of 2025.
While Peter Brandt anticipates declines for both XRP and Bitcoin, his outlook for gold remains positive based on his chart analysis.
