Last week CNBC host and TV personality Jim Cramer commented that the Securities and Exchange Commission (<a href="https://finbold.com/topic/sec/" rel="noopener noreferrer nofollow">SEC</a>) “may not even win” its lawsuit against <a href="https://finbold.com/topic/ripple/" rel="noopener noreferrer nofollow">Ripple</a>, and after a strong week of gains, the XRP token fell 3% immediately after Cramer’s video went viral.In response, attorney John E. Deaton <a href="https://twitter.com/JohnEDeaton1/status/1641201458572935170" rel="noopener noreferrer nofollow">shared</a> his thoughts on Cramer’s remarks on the crypto market’s movements and specifically <a href="https://finbold.com/cryptocurrency/xrp/" rel="noopener noreferrer nofollow">XRP</a> in a tweet on March 30, calling on the host to return to calling the token ‘a scam.’<blockquote>“The very moment XRP’s price stopped moving upward and did a 180 turn was [when] Jim Cramer said Ripple might win. Jimmy Chill can you go back to calling it a scam please?”</blockquote>At the time of Deaton’s tweet, XRP had fallen 6% after a significant bullish rally that has seen it advance 26% in the preceding seven days. Since Cramer’s comments on March 29, XRP has plummeted over 14% from a high of $0.579 when it ‘did a 180 turn’ to $0.496 on April 4, wiping over $4 billion from its market cap across that period.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7958bc4b4d9e4bb08e5dd974c7361cc1.jpg" />XRP 1-week price chart. Source: <a href="https://finbold.com/cryptocurrency/xrp/" rel="noopener noreferrer nofollow">Finbold</a>The token is down 3.45% in the last 24 hours despite the fact that the majority of the top 20 <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrencies</a> by market capitalization are currently trading in the green.<h2 id="header-0">Inverse Cramer</h2>It is worth highlighting that Cramer has been subject to criticism on social media due to his somewhat dubious investment predictions.Specifically, he expressed negative sentiment towards XRP, Litecoin, and Dogecoin towards the end of 2022, when Bitcoin was valued at approximately $17,000. However, it is worth noting that all three of these cryptocurrencies have experienced significant increases in value since the time Cramer expressed his skepticism.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/9b6b87e3e3cd476d9528cbc5b3c51761.PNG" />In addition, he advised his viewers to buy shares of the parent company of Silicon Valley Bank just a few weeks before SVB’s implosion, the spark for the <a href="https://finbold.com/guides/banking/" rel="noopener noreferrer nofollow">banking</a> crisis, and he also promoted yet another failed lender, Signature Bank, one year earlier.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

XRP crashed this much since Jim Cramer’s comments on Ripple v. SEC case

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