Veteran trader Peter Brandt has renewed his skepticism toward XRP, asserting that transactional utility alone does not automatically assign value to a cryptocurrency. Brandt, who has a long-standing presence in the financial markets as an analyst and chartist, addressed his views in a video clip recently shared by crypto commentator Xaif.
Brandt challenges XRP’s foundation
Brandt argued that just because an asset is widely used for transactions does not necessarily justify its underlying value. Drawing a comparison to fiat currency, he explained that the US dollar is also used extensively for payments, yet this characteristic is not what attracts investors to hold dollars for speculative purposes.
“The US dollar can be effectively used for transactional purposes as well,” Brandt stated, clarifying that few buy dollars simply because they serve as a medium for transactions. He suggested that XRP holders need a more compelling reason to assign value to the token beyond its role in cheap and efficient transfers.
He further commented that XRP supporters should examine what truly drives demand and value, instead of focusing solely on its practical utility for payments. Brandt’s remarks come as the discussion around the real-world use cases and valuation of digital assets continues across the industry.
Questions about XRP supply remain
Brandt also highlighted the issue of XRP’s circulating and total supply. He pointed out lingering uncertainty over whether the supply might expand in the future, potentially impacting the token’s long-term price dynamics. This uncertainty, Brandt noted, makes it difficult for market analysts to confidently evaluate the asset’s intrinsic worth.
He acknowledged that XRP is highly efficient for cross-border transactions, but stated that operational efficiency alone does not resolve the broader valuation debate. Brandt contrasted this with Bitcoin’s asset profile, which he described as easier to analyze as a store of value compared to XRP’s transaction-focused role.
Mini dictionary: Peter Brandt is a veteran commodities and crypto trader known for his technical analysis and decades-long market experience, often commenting publicly on cryptocurrency valuations and trends.
Brandt emphasized that pricing models for XRP remain incomplete due to these unknowns, especially when compared to Bitcoin’s more straightforward narrative.
| Asset | Main Value Proposition | Supply Clarity |
|---|---|---|
| XRP | Efficient cross-border transactions | Open questions |
| Bitcoin | Store of value | Transparent, fixed supply |
XRP community responds
Brandt’s remarks prompted significant pushback from the XRP community. Several commentators on social media argued that his comparison to the US dollar overlooks XRP’s unique function as a bridge currency, which enables low-cost and rapid asset transfers between financial institutions—something fiat currencies do not provide independently.
Others pointed out that Brandt and other critics may not fully comprehend XRP’s escrow structure and the predetermined release schedule, which were designed to provide transparency and predictability regarding supply. Some voices questioned Brandt’s continued influence, suggesting his analysis is not fully aligned with the current state of the digital asset market.
XRP supporters claimed that the asset’s bridging mechanism for global transfers distinguishes it sharply from traditional fiat currencies and that these attributes are overlooked in Brandt’s assessment.
Brandt’s technical outlook contrasts with his skepticism
Despite expressing doubts about XRP’s fundamental value, Brandt maintained a neutral stance regarding its technical outlook. In recent chart analysis, he identified a possible long-term price target of $5.40 for XRP, though he clarified that chart-based projections do not constitute investment recommendations or a positive endorsement of the token’s fundamentals.
Brandt said he separates chart signals from the unresolved questions surrounding XRP’s valuation, cautioning investors to treat both analytically.
