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UK Law Officially Recognizes Bitcoin and Crypto as Property

Mark Brennan
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UK Law Officially Recognizes Bitcoin and Crypto as Property

Bitcoin and other digital assets have gained formal legal protection in the UK after King Charles III approved the Property (Digital Assets etc.) Act 2025.

Specifically, the new law establishes a distinct category of property for digital tokens, separate from physical goods and contract-based rights. This provides assets such as Bitcoin and stablecoins with a clear legal identity.

At the same time, the move represents a significant shift in the UK’s approach to modern finance and financial technology.

Leaders in the crypto community welcomed the development. Susie Ward, CEO of Bitcoin Policy UK, said the law finally secures legal protection for digital holdings.

Meanwhile, Freddie New, the group’s Chief Policy Officer, called it one of the most significant reforms to English property law in centuries.

Reform Built on Earlier Legal and Policy Work

The new framework did not emerge overnight. Initially, the Law Commission recommended these changes in 2023 after reviewing gaps in the legal treatment of digital assets. Lawmakers then introduced the bill to the House of Lords in September 2024, and it has now passed both chambers without amendment.

This legislative path reflects a growing consensus that digital tokens need clearer legal status. The Act now consolidates what courts had been doing through individual rulings.

Clearer Rules for Disputes and Asset Recovery

In a post on X, the industry trade group CryptoUK noted that judges had previously treated crypto as property on a case-by-case basis. However, with the Act now in force, courts can rely on a clear statutory foundation.

This clarity strengthens procedures for proving ownership, recovering stolen tokens, and managing assets in insolvency or estate cases. It also reduces uncertainty for businesses and individuals who interact with digital assets in legal or commercial settings.

Stablecoin Oversight Moves Ahead

The shift in property law comes as the Bank of England advances its work on stablecoin regulation. The central bank has launched a consultation on rules for sterling-backed stablecoins, signaling preparation for wider use of digital money.

Last month, Deputy Governor Sarah Breeden told Bloomberg that the UK aims to keep pace with U.S. regulatory efforts. She noted that new UK stablecoin rules are expected to take effect as soon as in the US.

Tron Founder Justin Sun Withdraws 100,000,000 TRX From Binance 

Lele Jima
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Tron Founder Justin Sun Withdraws 100,000,000 TRX From Binance 

Recent on-chain data shows that a blockchain wallet associated with the Tron founder has withdrawn a substantial amount of TRX from Binance. 

Onchain Lens drew public attention to the activity in a tweet, citing data from Arkham Intelligence. According to the report, the Justin Sun–linked wallet withdrew 100 million TRX, worth $27.96 million, from Binance earlier today.

In addition, the same wallet received $5 million in USDT from the exchange. Notably, both transactions occurred just a single minute apart, underscoring their coordinated nature.

The transfers, especially the 100 million TRX withdrawal, have drawn widespread market attention, with some observers suggesting that the move signals strategic accumulation and a shift toward long-term holding. 

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Consistent Accumulation of TRX from Exchanges 

Prior to the latest transaction, the wallet had already been accumulating significant amounts of TRX over the past few days. For example, on November 29, it received 34.76 million TRX from the Tron-based decentralized exchange SunSwap, followed shortly by another 86.77 million TRX from the same platform.

With the newest withdrawals included, the recipient wallet now holds approximately 492.01 million TRX, valued at $137.81 million at press time. This positions TRX as the portfolio’s second-largest asset by dollar value, behind only STRX, which totals 582.87 million tokens worth $199.01 million.

In another wallet valued at $1.72 billion, the Tron founder holds 1.84 billion TRX, worth roughly $516.47 million, making it the most valuable asset in that portfolio. This address has also received substantial TRX inflows from SunSwap over the past few days, further reinforcing the pattern of ongoing accumulation.

TRX Trails Bitcoin and Ethereum in Broader Market Rally

As the broader crypto market enjoyed a relief rally led by Bitcoin today, TRX has yet to benefit significantly from the bullish trend. The token has remained relatively stagnant over the past few days, trading within a tight range of $0.27 to $0.28.

At press time, TRX traded at $0.2801, marking a modest 0.66% increase over the past 24 hours. Meanwhile, during this period, Bitcoin surged by 6.48% and Ethereum rose by 8.84%.

However, TRX also maintains a modest weekly gain of 1.85%, though it remains down 4.23% over the past month. Nonetheless, it continues to rank as the eighth-largest token by market cap, with a valuation of $26.51 billion.

Eric Trump: If We Didn’t Believe Bitcoin Would Go Parabolic, We Wouldn’t Be in This Business

Sam Wisdom Raphael
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Eric Trump: If We Didn’t Believe Bitcoin Would Go Parabolic, We Wouldn’t Be in This Business

Eric Trump says American Bitcoin (ABTC) built its entire model on the belief that Bitcoin will surge over the long term, and the firm wants to capture as much of that upside as possible. 

During an interview with investor Grant Cardone, Trump explained that ABTC set out to operate very differently from traditional mining firms. 

American Bitcoin’s Unique Approach

He said the company directs its resources toward collecting more Bitcoin instead of spending heavily on layers of management and unnecessary administrative costs. According to him, this separates ABTC from competitors because it keeps the company tied directly to the asset’s growth.

Meanwhile, ABTC Executive Chairman Asher Genoot provided more details on that structure. He explained that the team started the company with one question in mind: “What do investors actually want from a Bitcoin-focused business?”

He said many people buy mining or treasury companies because they expect a better return than simply holding Bitcoin. Since Bitcoin itself does not offer yield or any built-in way to increase holdings, Genoot said ABTC created a model that grows each shareholder’s Bitcoin per share over time. 

He noted that the company tracks this figure the same way other public companies track earnings per share, and he stressed that ABTC aims to raise that number every single day through mining and accumulation.

The ABTC Team Believes in Bitcoin

Trump then expanded on the company’s strategy and tied it directly to his long-term outlook for the asset. He said American Bitcoin adds new Bitcoin to its balance sheet every day at what he described as a steep discount compared to market prices. 

According to him, the company still plans to buy Bitcoin when conditions look favorable. However, he also stressed that ABTC would not operate in this sector unless its leaders believed Bitcoin would surge dramatically in the next five years. 

He stated plainly that the team has absolute confidence that Bitcoin will experience a major rally in the long term, and that this belief lies at the core of ABTC’s business model.

“We’re a big believer that Bitcoin is going to skyrocket. If we didn’t believe that Bitcoin over the next five years was going to absolutely fly and go parabolic, we shouldn’t be in this business.” Trump said, adding that they believe in BTC with all their heart.

Growing Global Demand

When Cardone asked what happens if he turns out wrong, Trump highlighted global demand as the reason behind his conviction.

He said he spends much of his time working in countries across multiple continents and consistently sees strong interest in Bitcoin from governments, family offices, major companies, and wealthy individuals. 

Trump argued that adoption grows even faster in regions facing unstable currencies, high inflation, or weak financial systems. He noted that many people prefer Bitcoin in those situations because they want an asset that governments and banks cannot easily control or confiscate.

Trump also highlighted how mainstream access to Bitcoin has surged. He called attention to major firms like Fidelity, Schwab, BlackRock, and major banks that now offer exposure, along with spot Bitcoin ETFs and retirement-account options.

According to him, these new channels make it easier for everyday investors to enter the market, which he believes pushes adoption at a pace that now exceeds the early growth rate of the internet.

Notably, Eric Trump has been one of Bitcoin’s most optimistic supporters, forecasting the asset to rise to higher prices. In late 2024, he said Bitcoin would reach $1 million, and he repeated that belief in 2025 at a conference in Hong Kong. 

During his latest conversation with Cardone, he predicted that Bitcoin could trade above $500,000 within the next four years, setting his timeline for November 2029.

Trump’s World Liberty Financial Prepares to Unveil Tokenized Real-World Assets

Abdulkarim Abdulwahab
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Trump’s World Liberty Financial Prepares to Unveil Tokenized Real-World Assets

Trump family-backed World Liberty Financial (WLF) is preparing to launch its suite of real-world asset (RWA) products in January. 

Co-founder Zach Witkoff shared the update during Binance’s two-day Dubai event on Wednesday. The move expands the company’s push into tokenized commodities and strengthens the role of its USD1 stablecoin across global markets.

WLF Confirms January Rollout for Tokenized Assets

Speaking at Binance Blockchain Week, Witkoff revealed that WLF will introduce on-chain instruments backed by real-world assets. These products will be collateralized with USD1, the firm’s rapidly growing dollar stablecoin.

The development follows the company’s earlier hints about building a full financial ecosystem, including a retail payments app and debit card. While those products have yet to launch, WLF previously suggested a launch before 2025 ends or early 2026.

Meanwhile, USD1 is already gaining traction. Backed by Abu Dhabi-linked MGX for part of their Binance investment earlier this year, the stablecoin has since grown into the 35th-largest crypto asset with a market cap of $2.66 billion. 

WLF claims it is the fastest-growing stablecoin in history, with usage across CeFi, DeFi, and global payment networks.

Strategic Partnerships Strengthen USD1 Adoption

Meanwhile, this week, Aster DEX CEO Leonard Aster confirmed a new partnership with WLF to integrate USD1 deeper into the decentralized exchange’s ecosystem. He noted that both teams are working together to “expand USD1 adoption,” adding that interest in the collaboration grew quickly after the Dubai event.

The partnership aligns with WLF’s ambitions to position USD1 as a global liquidity asset rather than a product limited to the United States.

WLFI Token Reacts

The market responded to Witkoff’s announcement. WLFI, the native token of World Liberty Financial, hit an intraday high of $0.1655 before settling slightly lower. 

Screenshot 2025 12 03 at 40727 pm
WLFI Token on CoinMarketCap

Meanwhile, whale accumulation also remains strong. On-chain data from Lookonchain shows that two major buyers purchased over $30 million worth of WLFI last week. One trader even opened a 5X long position on WLFI with $2.46 million, highlighting confidence in the coin.

Crypto Author Says When Fed Brings Water, XRP Brings Fire

Abdulkarim Abdulwahab
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0
Crypto Author Says When Fed Brings Water, XRP Brings Fire

The U.S. Federal Reserve’s decision to end Quantitative Tightening (QT) is already affecting crypto markets, including XRP and Bitcoin. 

Meanwhile, crypto investor and author Paul Barron has argued that assets like XRP may be set to “bring the fire” as liquidity returns.

When Fed Brings Water, XRP Brings Fire

On Monday, the U.S. Federal Reserve ended its QT program. The move marked a major shift from months of liquidity tightening to a new phase of expansion.

To support this transition, the Fed injected over $13 billion into the financial system via overnight repo operations, its largest liquidity boost in years. Historically, such expansions tend to fuel crypto assets and strengthen stocks as market participation widens.

This backdrop prompted Barron’s analogy that liquidity doesn’t cool risk assets; it ignites them. Specifically, in his tweet, he remarked that “when the Fed brings water, Bitcoin, Ethereum, and XRP bring the fire.”

Market Outlook

Industry figures say the Fed’s pivot mirrors earlier cycles when liquidity injections led to significant Bitcoin rallies. On CNBC, Tom Lee, Chairman of BitMine, said that during the last QT-ending event, Bitcoin jumped nearly 20% within weeks. He expects a similar pattern could unfold before the end of the year.

Hedge fund manager James Lavish tweeted that over the past 16 years, the Fed has added $8.8 trillion in liquidity to the markets but removed only $3.2 trillion before “calling uncle” for the second time. 

He explained that his bullish stance on Bitcoin stems from being bearish on the Fed and the ongoing impact on the dollar. Lavish sees Bitcoin serving as a hedge against that.

Bitcoin and XRP Prices React Immediately

Bitcoin is already responding to the Fed’s shift. At press time, BTC is up 6.5% in 24 hours, touching $93,965 today. This represents its highest price over the last three weeks.

Meanwhile, XRP has surged more than 10%, reaching a weekly high of $2.22. XRP’s rise is also fueled by record inflows into newly launched XRP ETFs, which have now surpassed $800 million. Analysts even say the milestone could strengthen XRP’s breakout potential by 2026.

“Liquidity Era Favors Utility Tokens”

Community voices argue that the coming liquidity wave could amplify tokens with real-world use cases. XRP commentator X Finance Bull asserted that as liquidity returns:

“XRP is positioned to do what it was built for: move money at scale.”

He stressed that, unlike previous cycles driven mainly by hype, XRP now benefits from real-time settlement utility, institutional integrations, and ETFs. He concluded that when liquidity floods back in, it exposes which assets are truly ready for scale — and XRP is one of them.

Still, Some Caution Remains

Meanwhile, Into The Cryptoverse founder Benjamin Cowen offered a contrarian view. He warned that a short-term correction could emerge around December 10, when the Fed is expected to cut rates while the Bank of Japan may raise theirs.

Cowen noted that a similar setup in July 2024 triggered significant volatility, sending Bitcoin sharply lower before rebounding one week later. If the pattern repeats, Bitcoin may see another capitulation drop, forming a potential mid-December bottom.

Chart by Benjamin Cowen
Benjamin Cowen’s chart

Market Watcher Predicts Wave 5 to Take XRP to Two Digits, But Insists This is Conservative

Mark Brennan
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Market Watcher Predicts Wave 5 to Take XRP to Two Digits, But Insists This is Conservative

Maelius, an experienced market analyst, has predicted a possible XRP surge to a two-digit price, but insists this target remains conservative.

Maelius’ forecast comes when XRP has begun recovering from a recent downtrend that had persisted since October. Notably, after surging to a high of $3.1 in October, XRP price tumbled, slipping 11.89% that month and then collapsing by a more substantial 14.09% in November, as bearish pressure mounted.

However, in December, XRP has displayed greater resilience after an initial downtrend. Since yesterday, the token has soared over 7%, looking to reclaim the $2.2 mark again. Amid the rebound effort, Maelius recently suggested that XRP could push further to a new all-time high around $12, citing its historical performance.

XRP’s Historical Structure

In his latest market commentary, the analyst shared a 1-week chart that supports his bullish disposition. Specifically, the chart indicates that after XRP trades within an extensive accumulation phase featuring an RSI accumulation trend, it typically breaks out and soars to greater levels.

The first time this pattern played out on the weekly chart was in 2015. Notably, after dropping from the $0.0280 peak in December 2014, XRP traded within an accumulation zone between May 2015 and March 2017. During this period, price action remained contained in a range of $0.004 to $0.009. 

XRP 1W Chart Maelius Crypto
XRP 1W Chart | Maelius Crypto

In addition to the price, XRP’s weekly RSI also slipped into an accumulation zone, but encountered higher lows. Meanwhile, within the accumulation, the XRP price finalized two waves of an Elliott Wave pattern.

Interestingly, it broke out in March 2017, surging to an initial peak of $0.3988 by May 2017, which marked Wave 3 of the pattern and aligned with the first top of an RSI rebound. After this, Wave 4 resulted in a correction, before the fifth wave pushed XRP to an unprecedented price of $3.31 by January 2018, aligning with a second top of the RSI rebound.

XRP Witnessing a Similar Pattern

The pattern began playing out again during the 2022 bear market. This time, XRP entered a price accumulation zone as it traded within a range of $0.3 and $0.8 from May 2022 to November 2024. 

During this price accumulation phase, the RSI also entered its own accumulation zone but recorded higher lows. Notably, XRP formed another set of two Elliott Waves during this accumulation. 

However, it broke above the accumulation zone in November 2024, soaring to a peak of $3.4 in January 2025, which represented the completion of Wave 3. Also, the $3.4 top aligned with the first top of the weekly RSI, as it rebounded with the price.

From here, XRP corrected to complete Wave 4 at a $1.96 price in June 2025. Now, Maelius believes the fifth wave has begun, and XRP could again soar to a higher price. He expects this Wave 5 to push prices to $12, aligning with the second top of the RSI rebound. However, he suggests that this $12 target remains conservative.

With XRP currently trading for $2.18, a rally to $12 would represent a 445% jump, which could be considered conservative, considering XRP surged by more than 1,500% within a month to reach the previous pattern’s second top. Notably, market commentators such as Rob Cunningham have also projected a possible XRP rise to $12.

Analyst Says XRP on the Point of Refusing to Go More Down

Elendu Benedict
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Analyst Says XRP on the Point of Refusing to Go More Down

XRP has shown strength with its recent price trend, and an analyst believes this present price rebound feels different from past recoveries.

Specifically, Henry expatriated on the difference in the current XRP rebound in his recent X post, following the asset’s explosive move yesterday. XRP is up 9.55% over the past 24 hours and over 10% from Monday’s lows of $1.98.

XRP Refusing to Go Down

Henry emphasized XRP’s strength as it bounced from the trendline base support in his accompanying chart. He noted that this was especially important, as the cryptocurrency showed resilience where it mattered, particularly after days of negative price trends.

For context, XRP attempted to break above a key resistance neckline around $2.28 multiple times between November 25 and 29, but the zone proved too strong. A rejection from there saw the coin drop back to the base support at $1.98 on Monday, but it recovered almost immediately.

XRP Bounces from Support
XRP Bounces from Support

Meanwhile, the analyst noted that its refusal to go down was XRP whispering loudly. The take suggests that the resilience indicates accumulating strength for a decisive price uptrend.

“Some things in the market don’t shout, they whisper,” he stated, insisting that XRP is doing just that at the moment.

Recent Bounce Feels Different

Furthermore, the market watcher claimed that the current XRP price rebound feels different. He noted this is so because everything looks “cleaner, calmer, and controlled.”

XRP has stabilized lately above the $2 psychological level despite market uncertainties, a development Henry believes is bullish. The analyst predicts this showing could help XRP finally break above the $2.28 resistance, retesting a much stronger supply zone at $2.33.

Notably, at the time of his analysis, XRP changed to $2.02, but the analyst predicted that XRP could surge to the first target at $2.2. With that target reached, he now expects XRP to rally to higher prices.

Meanwhile, he believes recent ecosystem developments signal bullish momentum for XRP, one of which is Vanguard’s crypto ETF adoption. The $11 trillion asset manager announced it would now allow its over 50 million clients access to XRP ETFs, among others, paving the way for a new influx of liquidity. This marked a major reversal from the firm’s earlier skeptical stance on cryptocurrencies, as demand pressure finally prompted a strategic shift.

Another factor that could drive XRP’s price rally is the performance of the US XRP spot ETFs. The XRP-focused investment vehicles have been on a scintillating run since their market debut, accruing $824 million in net cumulative inflow.

An interesting detail is that all four funds currently traded on traditional exchanges—Canary Capital, Bitwise, Grayscale, and the Franklin Templeton XRP ETF—have yet to have a whole week together. Again, there has been no net outflow on a single day since their launch despite market uncertainties, suggesting strong institutional demand.

Henry believes these developments would push the price of XRP to greater heights.

Bank of America Now Recommends Up to 4% Bitcoin Allocation for Wealth Clients

Zabi
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Bank of America Now Recommends Up to 4% Bitcoin Allocation for Wealth Clients

Bank of America now advises wealth management clients to consider a small allocation to the world’s largest cryptocurrency, Bitcoin.

Specifically, the bank now recommends a 1%–4% allocation for eligible investors across its wealth management platforms. This guidance applies to clients using Merrill, Bank of America Private Bank, and Merrill Edge.

Chris Hyzy, Chief Investment Officer at Bank of America Private Bank, emphasized that the recommendation targets investors interested in emerging investment themes and comfortable with market volatility.

“Clients who are more risk-averse should remain near the lower end of the allocation range, while those with higher tolerance may consider deeper exposure,” he said.

Four Bitcoin ETFs to Enter Official Coverage

To support the new approach, the bank’s strategists will begin formal coverage of four Bitcoin ETFs in January 2026. These include BlackRock iShares Bitcoin Trust (IBIT), Bitwise Bitcoin ETF (BITB), Fidelity Wise Origin Bitcoin Fund (FBTC), and Grayscale Bitcoin Mini Trust (BTC).

This marks a significant departure from the previous policy. Under that policy, advisers could recommend such products only when clients explicitly requested them.

With more than 15,000 advisers now able to guide investors toward approved options, access to regulated crypto exposure will broaden significantly.

Nancy Fahmy, who leads the investment solutions group, said that the update reflects rising demand from high-net-worth clients seeking structured exposure to digital assets.

Industry Peers Move in the Same Direction

The announcement is consistent with a broader industry trend. In this context, major financial institutions are establishing comparable allocation ranges for both retail and high-net-worth investors.

For instance, Morgan Stanley suggested a 2%–4% allocation in the October note. Similarly, BlackRock presented a case for 1%–2% exposure at the start of 2025.

By contrast, Fidelity Investments recommended a higher range of 2%–5%, with even greater levels suggested for younger investors.

Meanwhile, Vanguard, historically cautious on crypto, is beginning to allow certain crypto ETFs and mutual funds on its platform. Other major firms, including Morgan Stanley, Schwab, Fidelity, and JPMorgan, already offer access to approved crypto ETFs. By doing so, they help broaden investor options across the industry.

Cardano Touches 20-Day SMA but Bulls Eye Retest of Further Resistance at $0.50

Mark Brennan
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Cardano Touches 20-Day SMA but Bulls Eye Retest of Further Resistance at $0.50

Cardano is testing its 20-day SMA after a strong rebound, but a break above the upper Bollinger band must ensue to extend the recovery.

Today, Cardano is holding a strong intraday tone after an aggressive upward push, trading near the top of its session range. Over the past 24 hours, ADA has moved between $0.39 and $0.45, spending most of that period in steady ascent. The token is also showing notable short-term strength, posting an impressive 14.9% gain over the past day and maintaining a positive 7-day performance of nearly 5%. 

Across the 14-day window, ADA is still slightly in decline, reflecting the recent corrective phase that preceded the current rebound. However, the latest daily move suggests momentum is beginning to shift back in favor of buyers. With its price consolidating around the upper end of the daily range, traders are watching out for directional moves. Will ADA translate this renewed strength into a sustained breakout?

Cardano Price Analysis

On the daily chart, ADA has bounced off the lower Bollinger Band, signaling that sellers may be losing control while buyers attempt to reclaim ground. Price has touched the middle band (20-day SMA), which acted as the first major resistance zone. 

A decisive break above this level would strengthen the short-term bullish case and open room for a retest of the upper Bollinger Band, sitting at $0.50. This level rejected a recovery attempt from around November 15. Until such a breakout occurs, this mid-band remains the key barrier that ADA must clear to confirm trend reversal momentum.

Cardano 1-Day Price Chart
Cardano 1-Day Price Chart

Below current levels, structural support sits near the lower Bollinger Band at $0.37, which has previously cushioned pullbacks. Maintaining closes above this line would reinforce the emerging rebound structure and signal that the market is shifting away from oversold conditions.

Meanwhile, the Stochastic RSI, now rising sharply and shooting towards overbought levels, further reflects improving sentiment and suggests declining selling pressure as long as bullish momentum continues to build. 

Further, the %K line, which reacts more quickly to price changes, has already pushed above the midpoint, currently sitting ahead of the %D line. This crossover is an early bullish signal, typically suggesting that buyers are gaining strength. Together, these indicators show that ADA is attempting to transition from defensive posture to early recovery.

What ADA Commentators Say

On the commentary end, market analyst Trend Rider noted on X that Cardano has just printed its first bullish “Super Signal” on the daily timeframe since falling below the key support zone around the $0.55 region.

According to him, this alert typically increases the probability of a short-lived recovery, often spanning only one to four candles, and should not be mistaken for evidence of a trend reversal.

ADAUSDT Analysis
ADAUSDT Analysis

Trend Rider also said that broader sentiment remains neutral to bearish until ADA can reclaim trading levels above the blue band on his chart around $0.45 to $0.55. For now, the $0.55 level acts as the major reference point for whether the asset can rebuild a bullish foundation.

Peter Brandt Calls XRP Holders the Most Obsessed Perma-Bulls on Earth

Lele Jima
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0
Peter Brandt Calls XRP Holders the Most Obsessed Perma-Bulls on Earth

Prominent financial market wizard Peter Brandt has shared a sarcastic take on XRP investors and their unusually intense optimism. 

In a recent commentary on X, Brandt remarked that XRP bulls rank among the two most “obsessed perma-bull” groups, investors who remain extremely bullish regardless of market conditions. He added that the only other group showing similar levels of unwavering enthusiasm is silver bulls. 

By referring to this group of investors as “perma-bulls,” Brandt implies that supporters of silver and XRP consistently expect major price breakouts, even amid prolonged macro headwinds, stagnation, or repeated market downturns. 

XRP Holders Unwavering Support 

Brandt’s commentary underscores the unwavering passion of XRP holders for their favorite token. The community has built a strong reputation for long-term conviction and resilience, frequently taking to X to dismiss bearish forecasts.

This steadfast support became particularly evident during the height of the U.S. SEC vs. Ripple lawsuit. While many expected the legal battle to weaken community enthusiasm, XRP supporters rallied, providing evidence that helped convince the judge that programmatic sales do not constitute investment contracts.

The community’s conviction has only strengthened as institutional adoption gains momentum, with several spot XRP ETFs now trading in the U.S. market. Interestingly, some members even interpreted Brandt’s commentary as a compliment, viewing his remark as recognition of their dedication. 

Rationale Behind Brandt’s Commentary 

Notably, Brandt’s commentary stems from his frequent clashes with the XRP community. In 2024, for example, he issued a bearish forecast claiming XRP was heading toward zero against Bitcoin, which immediately triggered strong pushback. XRP holders pointed out that he made a similar prediction in 2017 that never materialized, insisting the projection would end the same way. 

Nonetheless, the back-and-forth has not deterred Brandt from issuing additional bearish calls. In fact, he noted that he took profits when XRP dropped to his projected target in October.

Although many critics claimed he was simply lucky, Brandt insisted his prediction was grounded in chart patterns described in a 1934 book by Richard W. Schabacker.

Sometimes Bullish

However, his XRP forecasts are not always bearish. Earlier this year, Brandt identified a bull flag pattern on XRP’s chart and projected potential surges to $3.54 and $4.39.

The first target materialized by mid-2025, with XRP rising to $3.66 a few weeks later. Since then, the token has fallen sharply and now trades at $2.18. From here, XRP would need a 101.37% rally to reach Brandt’s $4.39 target. 

Meanwhile, Brandt no longer holds bullish views on cryptocurrencies, including Bitcoin, as he believes the bull phase is over.

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