"Shocking News for XRP Investors from Max Keiser: "Rally Will Never Come!"

Bitcoin supporter and former financial journalist Max Keiser once again targeted XRP investors with his latest post. Keiser said it was almost impossible for XRP to start a rally. However, Keiser's comment has caused a great stir in the crypto world. Keiser has been serving as a Bitcoin advisor to the President of El Salvador, Nayib Bukele, for a long time. In this role, he is also known for leading El Salvador's adoption of Bitcoin as its official currency.

Sharp Message to XRP Investors

Max Keiser, who has been targeting XRP investors in his recent posts, mocked them by sharing a short video of a baby crow not trying to catch a worm. In response, he added the title "XRP investors think the rally they are waiting for will NEVER HAPPEN." to the video.

In addition, Keiser implied that XRP does not offer a real opportunity to investors. Moreover, he had repeatedly stated that he supports the SEC's policy of considering altcoins as unregistered securities.

Ripple Lawsuit and SEC's Objection

On the other hand, Max Keiser's comments came immediately after the Securities and Exchange Commission's (SEC) appeal against the federal judge's decision in the case against Ripple. In addition, with this appeal from the SEC, the XRP price experienced a significant decrease.

However, it is not yet clear what issues the SEC's objection is directed at in this appeal. Because the necessary documents have not yet been submitted to the Second Chamber. However, Ripple CEO Brad Garlinghouse stated that he found the SEC's objection misleading.

Ripple's Court Process

During this process, Brad Garlinghouse expressed that his company will fight against the SEC until the end. Specifically, Ripple has spent over $200 million in total during this lawsuit process. Furthermore, $125 million of this amount belongs to the fine imposed on Ripple by the court.

Garlinghouse has repeatedly emphasized that the SEC's arguments are misleading and that the company is determined to defend its rights to the fullest extent.

Keiser's XRP Criticisms

As we reported on Kriptokoin, Max Keiser has previously made many harsh comments about XRP. For example, in a post he made in May, he claimed that XRP was created to "steal billions from stupid people." Furthermore, Keiser's criticisms are frequently brought up, especially among Bitcoin maximalists. In particular, supporters of Bitcoin generally characterize altcoin projects as "weak and speculative." Therefore, these criticisms of XRP have sparked a major debate among altcoin supporters.

As a result, Max Keiser's criticisms of XRP have caused a big stir in the cryptocurrency world. Especially XRP investors and Ripple are not staying silent against these harsh comments. At the same time, Ripple's legal battle against the SEC continues to affect both XRP prices and investor confidence. Furthermore, the developments in this process have the potential to cause significant fluctuations in the cryptocurrency market.

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