XRP price rebounds above $1 as Peter Brandt favors Bitcoin

XRP briefly fell below the closely watched $1 level before rebounding on Aug. 16 as veteran trader Peter Brandt renewed his criticism of the cryptocurrency and said he would prefer Bitcoin even if given a large XRP position. Summary Peter Brandt said he would immediately convert a hypothetical 500,000 XRP position into Bitcoin instead. XRP briefly traded below $1 before rebounding toward $1.06 during Sunday’s volatile cryptocurrency market session. CoinGecko places XRP’s record high at $3.65, reached on July 17, 2025, before current decline. Brandt had warned in March 2025 that XRP could fall toward $1.07 after support failed. Binance XRP whale inflows averaged $61 million over three months, their lowest level since 2021. Brandt wrote in an X post that he was not interested in owning the token after another user challenged his views. “Who the heck even cares about XRP?” Brandt wrote, adding that he trades futures and “I would convert it immediately to BTC” if he owned half a million XRP. His remarks describe a personal asset preference, not a disclosed transaction or new trading position. Are you kidding me? Who the heck even cares about XRP. I do all my betting in futures. Who kno...