XRP News: Peter Brandt Says He Would Convert 500K XRP to Bitcoin as Price Slips Below $1
Key Insights:
- XRP news: Peter Brandt says he would immediately convert 500,000 XRP into Bitcoin if given the choice.
- XRP price falls below $1, trading at $0.9980 with volume down 57.33%.
- Brandtโs latest comments revive his long-standing criticism of XRP after a brief 2024 shift.
XRP news took a fresh turn on August 16 after veteran trader Peter Brandt said he would immediately convert a hypothetical holding of 500,000 XRP into Bitcoin.
Brandt made the remarks while responding to a challenge about his views on XRP on X, reiterating that he has little interest in holding the token.
His comments came as TradingView showed XRP price trading below the psychologically important $1 level, adding another development to a difficult session for the token.
XRP News: Peter Brandt Rejects Large XRP Holding
Brandt said he would not want to retain a position of 500,000 XRP and would instead convert it to Bitcoin immediately. He also said that he conducts his betting on futures, adding that he would question whether a person who lost a bet would be able to make the payment.
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