 
 
Max Keiser, a monetary journalist and the host of RT’s Keiser Report, has as soon as once more disparaged the Ripple-promoted token XRP, asserting that its traders won’t ever witness a much-anticipated parabolic rally.
Lately, Keiser has turn into a member of El Salvador’s Bitcoin workplace and an advisor to the Latin American nation’s president, Nayib Bukele. El Salvador made Bitcoin a authorized tender in 2021 and has since continued to extend its BTC holdings.
Keiser On XRP’s Doubtlessly Gloomy Future
Max Keiser shared a brief video on X (aka Twitter) by which a crow tries to devour a worm. The crow opens its mouth however doesn’t reach catching the worm.
Alongside the video, Keiser captioned: “XRP holders ready for the rally that’s NEVER GOING TO HAPPEN.”
As an unabashed Bitcoin maximalist, Keiser incessantly bashes different cash resembling XRP, Ether (ETH), Solana (SOL), and Cardano’s ADA, calling them “centralized rubbish” on the verge of crashing to zero. He additionally stated earlier that he agreed with the Securities and Trade Fee’s assertion that the majority altcoins are unregistered securities.
 
Earlier this 12 months, Keiser the BTC proponent claimed that XRP was created by Ripple “to steal billions from fools,” including that the seventh largest cryptocurrency would proceed “trending to zero towards Bitcoin”.
XRP To Be Caught In Downtrend Amid Ripple’s Latest Authorized Setback?
XRP has slipped by over 14% up to now in October, with its losses spurred primarily by renewed regulatory uncertainties on the heels of the U.S. Securities and Trade Fee’s (SEC) recent enchantment within the long-running Ripple case.
On Oct. 2, the securities watchdog filed a discover of enchantment to the Second Circuit Courtroom of Appeals, simply lower than two months after Choose Analisa Torres gave her last judgment within the now four-year-old swimsuit towards Ripple.
The SEC’s enchantment may pose severe headwinds for XRP’s value, notably if the Wall Road regulator efficiently argues that the token’s programmatic gross sales on crypto exchanges to retail traders certified as securities. Being categorized as safety is broadly seen as a bearish improvement within the cryptosphere, as securities are extra tightly regulated than commodities.
Furthermore, the enchantment dampens hopes for a spot XRP exchange-traded fund (ETF) regardless of the first utility not too long ago reaching the SEC’s desk. As ZyCrypto reported earlier, consultants have now pinned the percentages of this ETF submitting seeing the sunshine of day at virtually zero, particularly if Democratic presidential nominee Kamala Harris wins the White Home.
