U.At present – 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 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 at the start of January and SOL confronted a 15% decline, quickly falling from $110 to $96.

Max Kaiser slams XRP

Keizer, a hardcore Bitcoiner, believes that every one different cryptocurrencies available on the market are centralized, and that sooner or later he is not going to solely have Bitcoin, but in addition gold, silver, the US greenback, and all different belongings. I predict that it’ll plummet.

This time, he revealed a tweet wherein he known as XRP “centralized rubbish” and mentioned it could “grow to be $0.01.”

In the summertime of 2023, Kaiser commented on a tweet revealed 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 simply 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 typically 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 accredited 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 purple candlestick, dropping practically 5% to $0.52288. Nevertheless, the coin has now recovered barely and is buying and selling at $0.54583.

Kaiser lately tweeted that his beforehand predicted $220,000 situation for Bitcoin is “nonetheless right here.”

This text was initially revealed on U.At present