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Trading Legend Peter Brandt Believes XRP Could Soon Tank To This Level Against Bitcoin

Tracy CHEN

Summary: In a scathing tweet, commodity trader Peter Brandt claims that Ripple Labs, the blockchain payments company that ‘discovered’ XRP and owns 60 percent of its total supply, is now giving up on it.He assumes that the San Francisco-based giant has ‘blown the wad’ that was allocated to support the XRP above a critical support level. Brandt ...

In a scathing tweet, commodity trader Peter Brandt claims that Ripple Labs, the blockchain payments company that ‘discovered’ XRP and owns 60 percent of its total supply, is now giving up on it.
He assumes that the San Francisco-based giant has ‘blown the wad’ that was allocated to support the XRP above a critical support level. Brandt noted that the XRP price dipped below 2,060 satoshis following Bitcoin’s latest rally to the $10,000 mark. If the fourth-largest cryptocurrency fails to reclaim the aforementioned level, Brandt expects it to plunge all the way to 1,450 satoshis.

Tracy Chen