Max Keiser Predicts XRP Price May Plunge to This Level: Ripple Price Forecast
Max Keiser, a prominent Bitcoin advocate known for his criticism of other cryptocurrencies, has once again made headlines with his negative outlook on XRP. Taking to Twitter, Keiser referred to XRP as “centralized garbage” and predicted that its value would plummet to $0.01. This is in line with Keiser’s consistent support for Bitcoin, as he believes that other cryptocurrencies are centralized and will ultimately lose value compared to Bitcoin and traditional investments like gold and silver.
It comes as no surprise that Keiser has been skeptical of various cryptocurrencies in the past, including Solana (SOL), and his latest statement on XRP is no exception. Keiser’s criticism stems from the ongoing legal battle between XRP and the SEC, which has raised concerns about the centralization of the cryptocurrency. Keiser has not hesitated to voice his negative opinions about altcoins such as ADA, XRP, and SOL, often accusing their creators of being scammers.
Interestingly, Keiser’s statement coincided with a decline in the value of XRP. Since Thursday, XRP has experienced a decrease of over 11%. This decline is part of a broader market correction that began when Bitcoin, after initially surging following the SEC’s approval of spot Bitcoin ETFs, started to fall.
While XRP has faced some setbacks recently, it has managed to make a slight recovery and is currently trading at $0.54583. However, in the past 24 hours, XRP has seen a significant drop of 4.47%, leading to the automatic liquidation of many traders’ XRP positions. This unexpected market turmoil resulted in CoinGlass reporting a staggering $2.47 million worth of XRP positions being liquidated during this period.
Meanwhile, Bitcoin has also experienced a decline in value over the past 24 hours. Initially dropping by 4.70%, it has since shown a slight recovery, resulting in an overall decline of 3.4%. Since its spike above $49,000 following the approval of spot ETFs, Bitcoin has lost nearly 16% of its value and is currently trading at $41,330. Despite this decline, Keiser remains bullish on Bitcoin and believes that the possibility of it reaching $220,000 is still viable.
Keiser’s unwavering support for Bitcoin adds to the ongoing discussions surrounding the future of various cryptocurrencies and the overall market. As the market continues to fluctuate, Keiser’s strong opinions contribute to the ongoing dialogue about the trajectory of specific coins and the cryptocurrency market as a whole.