web3: XRP falls below $1, Peter Brandt says he would swap it for bitcoin if he held it

XRP has recently fallen below the $1 mark again, marking the first time since November 2024 that the token has breached this key level. Meanwhile, veteran trader Peter Brandt, a long-time critic of XRP, has once again made public comments stating that he has no interest in holding such assets and that if he had a large position in XRP, he would immediately exchange it for Bitcoin.

XRP falls below key level again

Reports indicate that XRP continues to fluctuate around the $1 mark, attempting to hold onto this widely watched psychological price. CoinGecko data shows that XRP is still about 72.6% below its all-time high of $3.65 reached on July 17, 2025.

This means that after a previous rapid surge, XRP's price has clearly retreated. The article also notes that XRP's recent price even dipped below the face value of RLUSD, the stablecoin launched by Ripple at the end of 2024.

Brandt reiterates his bearish view on XRP

In his latest comments, Brandt said he prefers to trade via futures rather than directly holding XRP. He stated that even if he were to acquire a sizable XRP position, he would immediately convert it into Bitcoin.

These remarks are consistent with Brandt's long-standing attitude towards XRP over the past few years. Brandt has been viewed as one of the most outspoken critics of XRP, frequently clashing with the XRP community and making sharp comments about the token and its supporters.

Briefly turned optimistic in the past

However, Brandt has not always maintained the same stance. In November 2024, during a clear rally in XRP, he mentioned that the token broke through its 2023 high and described its price action as showing signs of a “breakout after a major consolidation.”

But this optimistic outlook did not last long. By March 2025, he shifted back to caution, warning that if the bearish pattern holds, XRP could fall back to around $1.07.

Now, with XRP returning to the $1 level, Brandt’s earlier bearish projection has once again attracted market attention. For XRP, whether it can regain its footing above this threshold remains an important indicator of short-term price performance.