Ripple Labs-backed XRP is one of the underperforming altcoins in the top 20 most valuable digital assets by market cap. The large-cap altcoin, with a fully diluted valuation of about $50 billion and an average daily traded volume of around $814 million, has in the past been described as a zombie altcoin.

Furthermore, XRP price has been outshined by Bitcoin (BTC) in the past five years. According to the latest market data, XRP price has only gained around 63 percent in the last five years while Bitcoin price is up more than 1000 percent in the same period.

Peter Brandt Predicts Dooms Day for XRP Holders

According to a veteran and revered stock and crypto trader, Peter Brandt, XRP price against Bitcoin will continue to dip in the coming months, despite the signals of the inevitable altseason. Brandt reminded XRP enthusiasts that the Ripple-backed digital asset has lost more than 70 percent of its value in the past five years.

“It is fun poking a stick at XRP_aholics. My comparison is to BTC, not USD, so here is what I don’t understand. How can XRP bulls be so insistent in that XRP is near ATLs vs BTC, and, has only closed higher than present levels in 6 of the last 126 months?” Brandt noted.

Brandt highlighted that the XRP/BTC chart from a pure classical charting point of view, the altcoin is headed for lower lows. Consequently, Brandt has received a lot of hostile reviews, mostly from XRP enthusiasts. For instance, one trader pointed out that XRP price outshined most of the crypto assets in 2017, immediately after Brandt shared a similar XRP charting.