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- Former UFC fighter Ben Askren recently tweeted claiming that Ripple’s XRP, the third-largest cryptocurrency is a scam.
- Askren is a massive supporter of Bitcoins and Litecoins. As for the other cryptocurrencies, he kept clear of them.
- Jacob Canfield tweeted an XPR chart that shows the currency to stuck in a descending triangle.
Former UFC fighter Ben Askren recently tweeted claiming that Ripple’s XRP, the third-largest cryptocurrency is a scam. When it comes to cryptocurrency, Ben knows what he is doing. Litecoin sponsored him for UFC 235.
I think XRP is a scam https://t.co/ye3E53dM3E
— Funky (@Benaskren) January 28, 2020
In 2019, he predicted that Bitcoin would cross the $10000 mark, and it came true. He also tweeted the rates of Bitcoin and Litecoin during the price rallies. Subsequently, he gave the nickname “bitcoin bull.” Askren is a massive supporter of Bitcoins and Litecoins. As for the other cryptocurrencies, he kept clear of them.
However, his recent comment on XPR from Ripple broke his silence regarding other cryptocurrencies. One of his followers asked if his silence over XPR means that the cryptocurrency would take some time to rise if it does so. He tweeted that he believes “XPR is a scam.”
Recently, Askren isn’t the only famous person to criticize XPR. Previously, while talking to BlockTV, Tony Vays said that XPR is only a security for Ripple and has no real place.
Vays also said that even though Ripple claims that XPR is not centralized, a phone call from the White House would be enough to force Ripple to stop XPR usage in countries like North Korea and Iran. Even if Vays and Askren consider XPR to be a rip-off, it is gaining steadily at around 2 percent daily.
However, when compared to Bitcoin’s growth, XPR is lagging behind the difference is only increasing. This downwards trend is scaring some of the XPR owners. Recently, an XPR whale nearly drained his account and moved on to other cryptocurrencies. He took out nearly XPR 50 million.
Jacob Canfield tweeted an XPR chart that shows the currency to stuck in a descending triangle. If XPR doesn’t improve its situation soon, it might face a sell-off which will further reduce its value and might make it useless.
