Messari Founder Rejects XRP Amid Price Drop

Messari founder criticizes XRP amid latest market-wide bloodbath that has led to a massive price collapse.

There’s an old saying: “Don’t kick a dog when it’s down,” but that probably means nothing to Masari founder Ryan Selkis, at least not when it comes to… XRP.

Selkis does not encourage the purchase of XRP

Messari founder Ryan Selkis has taken another hit on XRP. in Share X On Thursday, December 19, Selkis made a joke suggesting that there is never a good time to buy an asset.

“Now that the value of XRP has fallen below the value of Coinbase, Microstrategy and Softbank (combined), it looks like a good buy again.” books.

The latest criticism comes a few days later criticize Members of the XRP community as bot pools are worthless on X and with the asset experiencing a price decline some may consider it a good buying opportunity.

XRP declines in Fed-led correction

Over the past two days, the cryptocurrency market has suffered significant losses, and XRP has not been left out. The asset price recorded a 21% decline from a high of $2.5921 on Wednesday, December 18, to a low of $2.0505 on Friday, December 20.

Losses come as the Fed Looks ready To curb quantitative easing measures, which promised to release more liquidity to risk markets such as cryptocurrencies.

Amid expectations of persistent inflation, the central bank planned to engage in just two interest rate cuts in 2025, down from initial expectations of four cuts from September 2024, Federal Open Market Committee (FOMC) meeting details released on Wednesday showed.

However, the recent market volatility has not stopped some analysts from issuing bullish calls for XRP. One of these analystsAmmonix,” he suggested That the asset could rise to the $251 price point if it can replicate the price action from March 2017 to January 2018. The asset rose 60,000% from $0.0055 to $3.31 during this period.

Meanwhile, another analyst said:Cassie warned Maintaining support at $2 could be key to XRP’s recovery.

These bullish calls come as XRP still has regulatory and political winds blowing in its favor amid the incoming Donald Trump administration. Meanwhile, ripple Recently launched RLUSDa stablecoin that promises to unlock greater liquidity and cutting-edge DeFi applications.