Cryptocurrency

2024

Bitcoin

<p>The world of crypto is ruthless. While some projects emerge with brilliance, others struggle to convince or fade into oblivion. This harsh reality is what Max Keiser, an emblematic figure of Bitcoin maximalism, bluntly reminds XRP holders. With a statement as sharp as it is expected, he announces that “the XRP rally will never happen,” once again attacking Ripple’s cryptocurrency. While the XRP community still hopes for a rebound, the latest developments in the lawsuit against the SEC continue to weigh down its price. Yet, optimistic voices persist and bet on a potential technical reversal.</p>
<h2 id="max-keiser-s-attacks-and-the-fall-of-xrp">Max Keiser’s Attacks and the Fall of XRP</h2>
<p>Max Keiser, a staunch Bitcoin supporter and fierce critic of altcoins, recently reignited the controversy around XRP by stating that its holders “<em><strong>are waiting for a rally that will never come</strong></em>.” This statement, published on Twitter, is accompanied by a metaphorical video showing a fledgling unable to catch a worm, an image Keiser associates with the vain hope of XRP investors. For several years, Keiser has not hidden his disdain for alternative cryptos, regularly labeling them as centralized “s-coins.” This new attack is part of a long series of criticisms aimed at XRP, which he has already accused of being just a tool designed to “<strong><em>steal billions from naive investors</em></strong>.”</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">XRP holders waiting for the rally that is NEVER GOING TO HAPPEN. <a href="https://t.co/Ja23aREFZM" rel="noopener noreferrer nofollow">pic.twitter.com/Ja23aREFZM</a></p>— Max Keiser (@maxkeiser) <a href="https://twitter.com/maxkeiser/status/1842360039350100083?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 5, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div>
 </div>
</figure>
<p>This verbal offensive comes at a particularly tense time for XRP, whose value dropped by 16% in October, largely due to recent developments in the lawsuit between Ripple and the Securities and Exchange Commission (SEC). Indeed, <a href="https://www.cointribune.com/en/bad-news-for-ripple-the-sec-is-finally-appealing/" target="_blank" rel="noopener noreferrer nofollow">the SEC recently appealed Judge Analisa Torres’s decision</a>, plunging XRP back into uncertainty.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://ticket.coinfest.asia/cart/?utm_source=Cointribune&amp;utm_medium=Coinfest%20Asia&amp;utm_campaign=Sponsorship_Coinfest%20Asia_Bouton_Cointribune" target="_blank" rel="noopener noreferrer nofollow">20% off with code CA24COINTRIBUNE</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-un-climat-incertain-mais-des-espoirs-de-rebond">An Uncertain Climate but Hopes for a Rebound</h2>
<p>Despite the gloomy atmosphere surrounding XRP, some analysts refuse to give in to pessimism. Among them, Jack The Rippler, a respected observer in the crypto world, recently highlighted a historical graphic pattern. According to him, XRP is in a phase of consolidation, forming a descending triangle pattern that preceded strong rallies in the past. This pattern, already observed in 2016 and 2020, could signal a trend reversal. This optimism is fueled by significant “whale” movements, transferring millions of XRP to crypto exchanges and sparking traders’ interest in a potential new phase of volatility.</p>
<p>However, these optimistic prospects need to be tempered, as the main threat to XRP remains the ongoing lawsuit with the SEC. The outcome of this legal battle is crucial: if the SEC succeeds in proving that Ripple violated U.S. securities laws, the fall of the token could be even more severe, with some analysts even mentioning a floor price of $0.11. On the other hand, a legal victory for Ripple could create the conditions necessary for a sustainable recovery. This lawsuit, a true Sword of Damocles, continues to weigh on the future of the crypto, forcing investors to navigate between hope and fear.</p>
<p><em>As speculations around XRP run high, the future of Ripple’s crypto seems more than ever suspended on the outcome of the lawsuit against the SEC. Max Keiser’s words resonate as a warning for investors, but some analysts continue to see signs of a technical recovery. The truth, however, <a href="https://www.cointribune.com/en/?p=724925" target="_blank" rel="noopener noreferrer nofollow">will be decided in the courts</a>, and the outcome of this legal battle could determine the fate of XRP for years to come. In the meantime, caution and anticipation remain key for those still considering a bet on this crypto.</em></p>

XRP In Danger? Here’s Why Max Keiser Thinks This Cryptocurrency Is Doomed!

Table of Contents

Cointribune EN

Other articles published on Oct 10, 2024

ECB Report Challenges Stablecoins’ Role as Safe Havens During Financial Crises

Analysts Say Cardano Price Unlikely To Reclaim $1 Anytime Soon – Kaspa and Rollblock Offer Better...

Will Bitcoin Price Hit $150K In Q4? Expert Reveals Key Conditions

Ethereum Nears Key Level: Can It Reclaim $2,433 for a Rally?

Market Dynamics Drive Down Cryptocurrency Prices

Solana Whales Move to This SOL Alternative Below $0.10 as the Best Cheap Crypto to Buy Before the...

Join our free newsletter for daily crypto updates!