Veteran trader Peter Brandt has labeled XRP and silver bulls as the "most gullible traders" in a recent post on X, where he commands a following of 840,800. Brandt's skepticism towards these markets dates back to 1975, when silver was priced at $5. Despite ongoing legal challenges faced by Ripple with the SEC, XRP enthusiasts have maintained a bullish stance. XRP experienced a significant surge of 630% from late 2024 to July 2025, but has since seen a 14% annual decline. The market's fear and greed index indicates mixed sentiment, while trading volumes have decreased in tandem with the price drop.