Max Keiser Predicts XRP Crash To $0.01

Bitcoin advocate Max Keiser has again aimed for an altcoin, in this case, XRP.

Known for his unwavering support for Bitcoin and disdain for other cryptocurrencies, Keiser predicts a significant price collapse for XRP, forecasting it to plummet to $0.01.

Keiser’s XRP Crash Predictions Spark Crypto Controversy On Twitter

Keiser, a prominent figure in the crypto space, utilized X to broadcast his bearish outlook on the fifth-largest cryptocurrency by market capitalization. 

Centralized garbage going to $0.01 pic.twitter.com/mDQ0PPBgWi

— Max Keiser (@maxkeiser) January 19, 2024

This isn’t the first time Keiser has made such ultra-bearish predictions; just last month, he forecasted a crash for Solana (SOL), which subsequently experienced a 15% drop from $110 to $96.

As a dedicated Bitcoin maximalist, Keiser views most other cryptocurrencies as centralized. He anticipates their downfall compared to Bitcoin, gold, silver, the US dollar, and other traditional assets. In his latest Twitter tirade, he referred to XRP as “centralized garbage” and boldly declared it would soon be valued at $0.01.

This is not the first instance of Keiser expressing skepticism towards XRP. In the summer of 2023, he exchanged Twitter with John Deaton, a Ripple supporter and founder of Crypto-Law. The US. 

During this exchange, Keiser highlighted the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC), portraying it as evidence of XRP’s centralization.

According to Keiser, Bitcoin is the only cryptocurrency that remains beyond the regulatory reach, emphasizing its uniqueness in the market. He frequently lambasts other top cryptocurrencies like ADA, SOL, and XRP as securities and accuses Cardano and Solana’s founders of fraudulent activities.

In the aftermath of Keiser’s latest prediction, XRP experienced an 11% decline since last Thursday, mirroring Bitcoin’s downturn on the same day. The initial surge in XRP’s value, propelled by the SEC’s approval of spot Bitcoin ETFs, was short-lived as Bitcoin and other major cryptocurrencies faced a substantial decline. 

XRP saw three consecutive red candles on Friday, dropping nearly 5% to $0.52288. Despite a modest recovery, it currently hovers at $0.54583.

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