Renowned market analyst Peter Brandt has sparked concern among investors by cautioning about XRP's potential decline against Bitcoin. XRP currently trades at $0.504, boasting a market capitalization of $27.9 billion. The cryptocurrency community eagerly awaits the outcome of the SEC vs. Ripple lawsuit, which has cast a shadow of uncertainty over XRP's future prospects.

Brandt, a seasoned market expert, took to social media to express his concerns. He foresees a possible downturn in XRP's value against Bitcoin, which could see the XRP/BTC pair breach its long-term low threshold. While acknowledging XRP's potential for growth, Brandt emphasizes that the burden of proof lies with XRP, not Bitcoin.

He questions the rationale behind investing in XRP when alternative altcoins are available. The XRP/BTC pair has been trending downward since 2017, a trajectory that may continue unless XRP can prove its mettle.

XRP's current market value and trading volume have also raised concerns. With a market capitalization of $27.9 billion, XRP ranks 7th on the CMC list. It has seen a decline of approximately 1% in the last 24 hours, with a 24-hour trading volume that has risen above $1 billion after a 6% increase.

The uncertainty surrounding XRP's future has investors eagerly watching for a favorable decision in the SEC vs. Ripple lawsuit, which could potentially push XRP back to the $1 region.