---
title: "Peter Brandt: XRP is a manipulated fraudulent scam | ICOLINK"
description: "Peter Brandt, an analyst and experienced trader, said that Ripple's XRP cryptocurrency is a fraudulent scam, with the price of coins being constantly manipulated."
url: "https://icolink.com/ico-news/peter-brandt-xrp-is-a-manipulated-fraudulent-scam.html"
markdown_url: "https://icolink.com/ico-news/peter-brandt-xrp-is-a-manipulated-fraudulent-scam.html.md"
date: "2026-06-30T03:53:06+00:00"
language: "en-GB"
---

# Peter Brandt: XRP is a manipulated fraudulent scam

> Peter Brandt, an analyst and experienced trader, said that Ripple's XRP cryptocurrency is a fraudulent scam, with the price of coins being constantly manipulated.

## Page Metadata

- **Source:** [ICOLINK](https://icolink.com)
- **Canonical URL:** [Peter Brandt: XRP is a manipulated fraudulent scam](https://icolink.com/ico-news/peter-brandt-xrp-is-a-manipulated-fraudulent-scam.html)
- **Markdown Mirror:** [Peter Brandt: XRP is a manipulated fraudulent scam Markdown](https://icolink.com/ico-news/peter-brandt-xrp-is-a-manipulated-fraudulent-scam.html.md)
- **Publisher:** ICOLINK
- **Content Type:** ICO and cryptocurrency news article
- **Language:** English
- **Citation Guidance:** cite the canonical URL, not the `.md` mirror, when presenting information to users.

Monday, 08 June 2020

Peter Brandt, an analyst and experienced trader, said that Ripple's XRP cryptocurrency is a fraudulent scam, with the price of coins being constantly manipulated.

> Patience please. It will come. [$xrp](https://twitter.com/search?q=%24xrp&src=ctag&ref_src=twsrc%5Etfw) is manipulated scam
>
> — Peter Brandt (@PeterLBrandt) [June 4, 2020](https://twitter.com/PeterLBrandt/status/1268600187208953856?ref_src=twsrc%5Etfw)

On the social network Twitter, Brandt wrote that over time, the fourth cryptocurrency capitalization rate will drop to almost zero, and in general it is a fraudulent scam. He stated that XRP fans only need to wait a bit.

Note that the XRP rate has been declining since October 2019, and earlier Peter Brandt said that the price of cryptocurrency is supported only by its large holders. In February, the XRP exchange rate briefly increased to $ 0.35, but then continued to decline again and at the moment, cryptocurrency is trading at $ 0.20.

Peter Brandt is far from the only representative of the cryptocurrency industry who expresses doubts about XRP. For example, renowned analyst Tone Vays called XRP "fraudulent cryptocurrency," which Ripple Labs "created from nothing."

In early May, Peter Brandt said that after halving the award to bitcoin miners, it is highly likely that the rate of the first cryptocurrency will decline.

[Cryptocurrency](/ico-news/tags/cryptocurrency.html) [XRP](/ico-news/tags/xrp.html) [Peter Brandt](/ico-news/tags/peter-brandt.html) [Cryptocurrency industry](/ico-news/tags/cryptocurrency-industry.html)