- Max Keiser claims XRP holders are awaiting a rally that will never happen, sparking controversy around Ripple.
- The ongoing legal battle between Ripple and the SEC has put XRP under significant pressure, with some analysts forecasting a potential collapse of the token.
The cryptocurrency world is known for its volatility and unpredictability, where some projects soar to great heights, while others struggle to stay afloat. XRP, the cryptocurrency linked to Ripple, has been the subject of heated debate, especially following recent comments by Max Keiser, a well-known Bitcoin maximalist.
In a statement that stirred up the crypto community, Keiser proclaimed that
“the XRP rally will never happen,”
directly attacking the hopes of XRP investors. This declaration comes at a time when XRP’s price is under pressure, largely due to the ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC). While some investors remain optimistic about a potential recovery, Keiser’s remarks are a sharp reminder of the challenges XRP faces.
Max Keiser’s Criticism of XRP
Max Keiser is no stranger to controversy in the crypto world. A vocal supporter of Bitcoin and a fierce critic of alternative cryptocurrencies (often referred to as altcoins), Keiser has long targeted XRP. In a recent Twitter post, he doubled down on his belief that XRP is doomed, sharing a video metaphorically comparing XRP investors to a helpless baby bird unable to catch a worm.
Keiser’s disdain for XRP is well-documented, having previously described it as a centralized project designed to extract money from unsuspecting investors. He has often labeled XRP, along with other altcoins, as “S-Coins,” a derogatory term reflecting his belief in their inferiority to Bitcoin.
Keiser’s latest verbal offensive coincides with a difficult period for XRP. In October, the cryptocurrency’s value dropped by 16%, largely due to developments in the ongoing legal battle between Ripple and the SEC. The SEC recently filed an appeal against a ruling by Judge Analisa Torres, which has only added to the uncertainty surrounding XRP’s future.
Hope Amid Legal and Market Pressures
Despite the bleak outlook presented by Keiser, not everyone is ready to write off XRP. Jack The Rippler, a respected voice within the crypto community, has pointed out a potential bullish pattern emerging for the token. He suggests that XRP is currently in a consolidation phase, forming a descending triangle—a technical pattern that has historically preceded significant price increases.
This pattern was notably observed in 2016 and 2020, both times resulting in strong upward movements. Additionally, large movements of XRP between wallets and exchanges, often by so-called “whales,” have sparked renewed interest in the token’s potential volatility.
However, this cautious optimism is overshadowed by the looming legal threat. The outcome of Ripple’s case with the SEC remains a critical factor that could shape XRP’s future. Should the SEC prove that Ripple violated U.S. securities laws, the consequences for XRP could be dire, with some analysts predicting that the token’s value could plummet to as low as $0.11. On the other hand, a favorable ruling for Ripple could open the door for a significant recovery, potentially driving XRP back to previous highs.