Max Keiser Expects XRP to Crash to $0.01

Outstanding Bitcoin maximalist Keiser has taken a dig at XRP, predicting a pointy worth decline

Vocal Bitcoin proponent Max Keiser, who is thought for his extreme criticism of altcoins, has taken to the Twitter/X social media platform to take a jab at XRP and predict an approaching worth collapse of the fifth largest cryptocurrency when it comes to the market capitalization worth.

Over the previous few months, Keiser made the same ultra-bearish prediction about Solana (SOL), additionally anticipating its worth to crash. It occurred on the very begin of January, when SOL confronted a 15% drop, falling from $110 to $96 shortly.

Max Keiser bashes XRP

Being a hardcore Bitcoiner, Keiser believes all the opposite cryptocurrencies available in the market to be centralized and expects them to crash towards Bitcoin, in addition to gold, silver, US greenback and all different belongings sooner or later.

This time, he revealed a tweet, calling XRP “centralized rubbish” and stating that it’s “going to $0.01.”

In the summertime of 2023, Keiser commented on a tweet revealed by Ripple supporter and advocate John Deaton, founding father of Crypto-Legislation.US. Deaton’s tweet was about Bitcoin maximalists and the SEC – the Safety and Trade Fee of the US which began a long-running authorized course of towards Ripple Labs in late 2020, claiming XRP to be an unregistered safety.

XRP goes down

Keiser then once more said that XRP is too centralized and the actual fact of the SEC suing Ripple was a proof of that. Bitcoin, as Keiser identified, was fully and “uniquely” out of regulators’ attain.

In his different tweets, Keiser typically slams ADA, XRP, SOL, and different prime cryptocurrencies as securities and founders of Cardano and Solana as scammers.

Since Thursday final week, the Ripple-affiliated cryptocurrency XRP has declined by more than 11%, following Bitcoin, which additionally crashed on the identical day. It first surged on the information of spot Bitcoin ETFs approval by the SEC, together with the remainder of the crypto market, however then Bitcoin started a big decline and so did ETH, XRP, SOL, SHIB and different prime cryptocurrencies.

On Friday, XRP noticed three consecutive purple candles, pushing it almost 5% all the way down to $0.52288. By now, nonetheless, the coin has made a slight restoration, exchanging palms at $0.54583.

Keiser has been not too long ago tweeting about Bitcoin that the $220,000 situation he had predicted earlier is “nonetheless in play”.

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Yuri is excited about expertise and technical improvements. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a possible to remodel the world sooner or later in a lot of its features. He has written for a number of crypto media retailers.

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, and so forth.