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Veteran trader Peter Brandt shares an observation, which he says has been true over his 50 years of trading. Brandt shares this observation, which he says remains etched in his history of trading since 1975. "In my history of trading since 1975 (when Silver was at $5)," Brandt said, to explain the longevity of his long-held belief. "No group of traders has been more easily baited than XRP and Silver bulls," the legendary trader said, taking a dig at this category of traders while highlighting a fierce optimism he had often seen in XRP and silver bulls. What does this say about them? Any theories? XRP holders' unwavering conviction XRP holders' unwavering conviction has often drawn attention on the markets. Even amid the lawsuit filed by the SEC against Ripple in 2020, which dragged on for nearly five years, XRP holders held strong. Despite that XRP price stayed at lows in years that followed the Ripple lawsuit, being the only coin that did not mark an all time-high during the 2021 bull cycle, XRP holders still remained strong. XRP started rising in November 2024 from a low of about $0.50, rising over 630% to reach a high of $3.66 in July. XRP has retraced its gains; at press time, XRP was trading at $1.86, down 12.91% so far in December and down 14% on a yearly basis. In what suggests institutional interest, XRP ETF attracted $64 million in weekly netflows, while Bitcoin and Ethereum ETFs saw withdrawals.
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