U.Immediately – Max Kaiser, an advocate recognized 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 value collapse. Market capitalization worth.

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

Max Kaiser slams XRP

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

This time, he printed a tweet by which he referred to as XRP “centralized rubbish” and stated it could “turn out to be $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 Change 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 prime 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 authorised by the SEC and different crypto markets, however then Bitcoin began to fall considerably, as did ETH, XRP, SOL, SHIB, and different prime cryptocurrencies. It fell to

On Friday, XRP witnessed its third consecutive pink candlestick, dropping practically 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.”

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