Experienced trader Peter Brandt believes that XRP may experience a significant drop in value compared to Bitcoin as the pair nears its all-time lows. Brandt, who has a large following on social media, warns that the XRP/BTC pair is at risk of falling below its long-term range low. According to classical charting principles, the target for this breakdown is 0.0000002 BTC ($0.013). Brandt playfully pokes fun at XRP enthusiasts, questioning their confidence in XRP’s performance against BTC. He highlights that XRP has only closed higher than its present levels in six out of the last 126 months, suggesting that XRP bulls should have a stronger track record before being overly critical.

Brandt does acknowledge that XRP may have more upside potential than BTC in the current market cycle, but emphasizes that the burden of proof lies with XRP as the payments altcoin. He questions why investors should choose XRP over other alternative cryptocurrencies if they are looking to invest in alts.

Brandt has held a bearish view on the XRP/BTC pair since 2017. At the time of writing, BTC is trading at $62,834, with a nearly 3% increase in the past 24 hours. XRP is trading at $0.504, with a nearly 1% increase in the past 24 hours.

Please note that The Daily Hodl’s opinions are not investment advice, and investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrencies, or digital assets.