U.In the present day – Max Kaiser, an advocate identified for his harsh criticism of altcoins, attacked XRP on the Twitter/X social media platform, predicting that the world's fifth-largest cryptocurrency is nearing a worth collapse. Market capitalization worth.

Over the previous few months, Kaiser has made comparable ultra-bearish predictions for (SOL), predicting its worth will collapse. It occurred firstly of January and SOL confronted a 15% decline, quickly falling from $110 to $96.

Max Kaiser slams XRP

Kaiser, a hardcore Bitcoiner, believes that every one different cryptocurrencies in the marketplace are centralized and that sooner or later they won’t simply be Bitcoin, however gold, silver, US {dollars}, and all different belongings. I count on it to plummet.

This time, he printed a tweet through which he referred to as XRP “centralized rubbish” and stated it might “develop into $0.01.”

In the summertime of 2023, Kaiser commented on a tweet printed by CryptoLaw US founder, supporter and advocate John Deaton. Deaton's tweet was about Bitcoin maximalists and the SEC, the U.S. Securities and Trade Fee, which has began a prolonged authorized course of. In late 2020, it claimed to Ripple Analysis Institute that XRP is an unregistered safety.

XRP is falling

Keizer reiterated that XRP is just too centralized and the truth that the SEC sued Ripple is proof of that. As Kaiser identified, Bitcoin was utterly and “uniquely” past the attain of regulators.

In different tweets, Kaiser usually criticizes ADA, XRP, SOL, and different high cryptocurrencies as securities, and the Solana founder as a fraudster.

Since final Thursday, Ripple's cryptocurrency XRP has additionally fallen by greater than 11%, following Bitcoin, which crashed on the identical day. Initially it soared on the information that the Spot Bitcoin ETF was permitted by the SEC and different crypto markets, however then Bitcoin began to fall considerably, as did ETH, XRP, SOL, SHIB, and different high cryptocurrencies. It fell to

On Friday, XRP witnessed its third consecutive pink candlestick, dropping almost 5% to $0.52288. Nevertheless, the coin has now recovered barely and is buying and selling at $0.54583.

Kaiser not too long ago tweeted that his beforehand predicted $220,000 state of affairs for Bitcoin is “nonetheless right here.”

This text was initially printed on U.In the present day