– After previous predictions that the U.S. Securities and Exchange Commission (SEC) would destroy Ripple in a multi-year legal battle failed to materialize, bitcoin (BTC) expert and outspoken critic Max Kaiser has once again lashed out at XRP and predicted a drop in its price.
Having previously attacked blockchain companies and called their activities “Ponzi schemes,” Kaiser once again called the XRP token “centralized garbage” and said its price will continue to fall to $0.01, according to a post published by X on January 19.
Indeed, the analyst published a screenshot of XRP’s price at $0.530783, which represents a 4.8 percent drop that day and a 1.1 percent drop against bitcoin, according to cryptocurrency analytics platform CoinGecko at the time the post was published.
After all, this isn’t the first time Kaiser has attacked XRP: in June 2023, he said that Ripple and XRP would never win against the SEC. This was due to the fact that the fight was “not being fought because of the law.”