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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.
Max Keiser’s Attacks and the Fall of XRP
Max Keiser, a staunch Bitcoin supporter and fierce critic of altcoins, recently reignited the controversy around XRP by stating that its holders “are waiting for a rally that will never come.” 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 “steal billions from naive investors.”
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, the SEC recently appealed Judge Analisa Torres’s decision, plunging XRP back into uncertainty.
An Uncertain Climate but Hopes for a Rebound
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.
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.
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, will be decided in the courts, 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.
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Diplômé de Sciences Po Toulouse et titulaire d’une certification consultant blockchain délivrée par Alyra, j’ai rejoint l’aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l’économie, j’ai pris l’engagement de sensibiliser et d’informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu’elle offre. Je m’efforce chaque jour de fournir une analyse objective de l’actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.