For a fairly long time, the <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> community has been following TV personality Jim Cramer and his views on <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> with interest (and irony), as on many occasions in which he criticized a specific digital asset, it responded with a rally – and vice versa – his more supportive views on a certain crypto asset would push its price down.In this context, the United States attorney, vocal <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">crypto industry</a> supporter, and popular commentator on the Securities and Exchange Commission (<a href="https://finbold.com/topic/sec/" rel="noopener noreferrer nofollow">SEC</a>) v. <a href="https://finbold.com/topic/ripple/" rel="noopener noreferrer nofollow">Ripple</a> case, John E. Deaton, <a href="https://twitter.com/JohnEDeaton1/status/1641201458572935170" rel="noopener noreferrer nofollow">shared</a> his comments on Cramer’s role in the market’s movements, specifically the <a href="https://finbold.com/cryptocurrency/xrp/" rel="noopener noreferrer nofollow">XRP token</a>, in a tweet on March 30.As it happens, the lawyer quoted Twitter user its rede, who <a href="https://twitter.com/redeX775/status/1641121794437562368" rel="noopener noreferrer nofollow">posted</a> a short video clip of what looks like Cramer expressing his opinion that the <a href="https://finbold.com/guides/finance/" rel="noopener noreferrer nofollow">finance</a> watchdog might lose the <a href="https://finbold.com/ripple-v-sec-case-regulator-files-response-to-defendants-letters/" rel="noopener noreferrer nofollow">case</a> against Ripple after all. In the video, CNBC’s Mad Money host said:<blockquote>“The SEC says, ‘look, they’re creating <a href="https://finbold.com/topic/securities/" rel="noopener noreferrer nofollow">securities</a> day after day after day,’ there’s the Ripple case – they may not even win the Ripple case – but <a href="https://finbold.com/review/binance-review/" rel="noopener noreferrer nofollow">Binance</a> is very different.”</blockquote>This statement, in Deaton’s view, was the reason why the price of <a href="https://finbold.com/guide/how-to-buy-ripple-xrp/" rel="noopener noreferrer nofollow">XRP</a> suddenly dropped, and he believes that the digital asset would fare better if Cramer were consistent in his criticism of both XRP and the <a href="https://finbold.com/topic/blockchain/" rel="noopener noreferrer nofollow">blockchain</a> company. As he commented:<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><h2 id="header-0">XRP reacts to Cramer’s words</h2>Indeed, the price of XRP at press time was $0.5343, having dropped 6.48% in the last 24 hours after a significant bullish rally that has seen it advance 25.9% over the previous seven days and 41.13% during the past month, as the latest charts indicate.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/126a469e9cd94eaf850ec32105b64aa5.png" />XRP 24-hour price chart. Source: <a href="https://finbold.com/cryptocurrency/xrp/" rel="noopener noreferrer nofollow">Finbold</a>Interestingly, Cramer has received <a href="https://twitter.com/Appa4two/status/1634204633945055232" rel="noopener noreferrer nofollow">heat</a> on social media over making some questionable calls regarding <a href="https://finbold.com/guides/investing/" rel="noopener noreferrer nofollow">investments</a>, such as <a href="https://www.youtube.com/watch?v&#61;gdg2AD0pouY&amp;t&#61;446s" rel="noopener noreferrer nofollow">recommending</a> his viewers to buy shares of Silicon Valley Bank’s parent company weeks before SVB’s <a href="https://finbold.com/three-key-takeaways-from-the-silicon-valley-bank-collapse/" rel="noopener noreferrer nofollow">implosion</a>, as well as <a href="https://www.cnbc.com/2022/04/12/cnbcs-jim-cramer-says-these-four-financial-garp-stocks-are-investable.html" rel="noopener noreferrer nofollow">touting</a> another crashed lender – Signature Bank, one year before.Meanwhile, Deaton remains a firm believer that <a href="https://finbold.com/ripple-v-sec-case-legal-expert-john-deaton-has-no-doubt-ripple-will-win/" rel="noopener noreferrer nofollow">Ripple would come out victorious</a> in the case against the SEC without any doubt and that the current Supreme Court would quell the “gross overreach” of the <a href="https://finbold.com/category/regulations-news/" rel="noopener noreferrer nofollow">regulator</a>, as <a href="https://finbold.com/" rel="noopener noreferrer nofollow">Finbold</a> reported on February 21.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>.

Coincidence? XRP dives after Jim Cramer’s comments on the SEC case

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Інші статті, опубліковані 30 бер. 2023 р.

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