Veteran trader Peter Brandt has turned bullish on Bitcoin, Ethereum, XRP, and Stellar (XLM), a notable shift from his earlier warnings of steep declines. He had previously called the top for Bitcoin and cautioned that major corrections were likely ahead.
This renewed optimism comes at a turbulent moment for the market. Despite his upbeat outlook, cryptocurrencies have been under pressure, with Bitcoin recently erasing most of its October gains amid a broader sell-off across digital assets.
Peter Brandt’s New Bullish Outlook on XRP, Bitcoin, Ethereum, and XLM
Peter Brandt, one of the most respected chart analysts in global trading circles, released a series of updated charts this week showing bullish structures across XRP, Bitcoin (BTC), Ethereum (ETH), and Stellar (XLM).
In a series of posts on X (formerly Twitter), veteran trader Peter Brandt downplayed the recent market pullback, calling it “a minor reaction in the bigger theme of things.” He was referring specifically to XRP’s latest correction, which he views as part of a broader, still-intact trend.
Turning to Bitcoin, Brandt reiterated his long-term optimism. He said that “the bull is still alive and well,” highlighting a key support zone in the chart. According to him, this zone should hold firm unless global economic conditions take a sharp turn for the worse.
 
Ethereum, he noted, is consolidating within what he described as a structure “ready to rock and roll.” Brandt suggested that once the coin clears resistance, it could be primed for a strong upward move.
As for Stellar, he likened its recent price behavior to “a bull waking from a nap.” The comment hinted at a possible breakout after a long period of sideways trading.
Following a major weekend crash that erased billions in market value after Trump announced tariffs on China, crypto assets have started to recover.
The put/call ratio has tilted toward calls, while one-week implied volatility skewed slightly positive, suggesting renewed demand for bullish options.
Peter Brandt’s updated charts suggest renewed confidence in the resilience of major cryptocurrencies despite recent market turmoil. His analysis positions Bitcoin, Ethereum, XRP, and Stellar as technically strong assets heading into late 2025.
While near-term volatility remains a factor, the veteran trader’s assessment signals that the structural uptrend across leading crypto assets could still be intact.