XRP Price Prediction From One of The Most Popular Traders in the World

Peter Brandt, a well-known commodity and forex trader, recently sparked a strong reaction from the XRP community with his latest prediction about the coin associated with Ripple.

His forecast comes as XRP faces a price drop and continues to battle legal challenges with the U.S. Securities and Exchange Commission (SEC).

Brandt stirred the community by mocking Ripple in a post, suggesting the name could stand for “RIP PPL OFF.”

XRP saw a sharp 15% decline yesterday, disappointing investors who had been hoping for gains during the so-called “Uptober” rally. As of now, the coin is priced at $0.52, down 11.55% in the last 7 days.

The SEC has officially filed an appeal against Judge Analisa Torres’s decision in the Ripple case. Just ahead of the October 7 deadline, the agency submitted its request to the Court of Appeals for the District of Columbia, challenging parts of the ruling from July 13, 2023.

Initially, when Ripple was ordered to pay a $125 million penalty, many thought the case was nearing its end. However, this new appeal suggests the legal battle is far from over and could have contributed to XRP’s recent price slump. Despite this setback, several legal experts in the crypto space believe the SEC’s chances of success in the appeal are slim.