U.In the present day – Loud advocate Max Keiser, who is understood for his harsh criticism of altcoins, took to social media platform Twitter/X to tackle XRP and predict an impending value collapse of the fifth largest cryptocurrency by market capitalization.
Over the previous few months, Keizer made an analogous ultra-bearish prediction about (SOL), additionally anticipating its value to fall. This occurred on the very starting of January when SOL confronted a 15% decline and rapidly fell from $110 to $96.
Max Keizer helps XRP
As a hardcore Bitcoiner, Keizer believes that each one different cryptocurrencies available in the market might be centralized and expects it to crash towards Bitcoin sooner or later, in addition to gold, silver, the US greenback and all different belongings.
This time he posted a tweet calling XRP “centralized rubbish” and saying it was “going to $0.01”.
In the summertime of 2023, Keizer commented on a tweet posted by supporter and advocate John Deaton, founding father of CryptoLaw US. Deaton’s tweet was about Bitcoin maximalists and the SEC, the US Securities and Change Fee, which had launched a prolonged authorized course of. towards Ripple Labs in late 2020, claiming that XRP is an unregistered safety.
XRP is falling
Keizer then reiterated that XRP is just too centralized and the truth that the SEC is suing Ripple was proof of that. Bitcoin, Keizer identified, was utterly and “uniquely” past the attain of regulators.
In his different tweets, Keizer typically criticizes ADA, XRP, SOL and different prime cryptocurrencies as securities and founders and Solano as frauds.
Ripple-linked cryptocurrency XRP is down greater than 11% since Thursday final week, after Bitcoin additionally crashed on the identical day. It first surged after the information of the SEC approval of spot bitcoin ETFs, together with the remainder of the crypto market, however then bitcoin began an enormous decline and so did ETH, XRP, SOL, SHIB and different prime cryptocurrencies.
On Friday, XRP noticed three consecutive pink candles push it down almost 5% to $0.52288. Nevertheless, the coin has now recovered barely and altered palms at $0.54583.
Keizer not too long ago tweeted about Bitcoin that the $220,000 state of affairs he beforehand predicted is “nonetheless in play.”
This text was initially printed on U.In the present day