XRP Prices Rebound Above $1 Amid Peter Brandt’s Bitcoin Preference

XRP Prices Rebound

The price of XRP experienced a brief drop below the significant $1 threshold on August 16 before recovering to around $1.06. This movement comes amidst ongoing commentary from veteran trader Peter Brandt, who has expressed a clear preference for Bitcoin over XRP, even if he were in possession of a substantial amount of the latter.

Brandt’s Comments on XRP

In a recent X post, Brandt stated that he would instantly convert a hypothetical holding of 500,000 XRP into Bitcoin, reinforcing his stance on favoring Bitcoin for trading futures. He voiced his indifference towards owning XRP and dismissed enthusiasm for the token with a blunt “Who the heck even cares about XRP?”

XRP’s Market Condition

Despite fluctuating under $1 earlier in the trading session, XRP quickly bounced back. A snapshot from CoinGecko noted it trading around $0.9993 before moving toward $1.059, while Bitcoin stood at approximately $62,926. XRP’s recent peak was recorded at $3.65 on July 17, 2025, emphasizing its current state at approximately 71% below this record high.

Declining Whale Activity

Market analysis reveals a significant decrease in XRP whale inflows to Binance, averaging around $61 million over the last three months – a figure not seen since 2021. This decline may indicate a reduced potential sell-side pressure for XRP, though it does not guarantee an increase in prices due to potential simultaneous drops in demand.

Future Considerations for XRP

The key focus for market observers now centers around whether XRP can maintain support above the $1 mark following its rebound. A solitary drop below a notable level does not confirm a long-term trend, and traders will be looking for more signs, including price action and volume, to determine the durability of this recovery.

While Brandt’s critiques of XRP continue to fuel discussion, they remain personal preferences rather than concrete forecasts or trading intentions. For now, XRP aims to fortify its position above $1 amid a market environment marked by Brandt’s Bitcoin inclination and diminished whale activities.