Veteran trader Peter Brandt has criticized XRP supporters, labeling them as "perma-bulls" for their persistent optimism despite ongoing price declines. This critique has sparked a response from the XRP community, including analyst Zach Rector, who emphasized the cryptocurrency's growing adoption and regulatory advancements. The debate highlights a divide between technical traders and those focused on XRP's utility. The discussion has drawn in figures like Bitcoin maximalist YoungHoon Kim, who has recently started purchasing XRP. Analysts suggest that XRP's future will be more influenced by regulatory developments and institutional adoption rather than short-term price fluctuations.