Key Highlights
- Viral claim said claimed that Jim Cramer said XRP will hit $10
- He has been critical of cryptocurrencies for years, calling XRP, Solana, and Dogecoin “cons.”
- Cramer sold all his crypto after the FTX collapse, stating, “I wouldn’t touch crypto in a million years.”
A viral claim that Jim Cramer, the bestselling author and host of CNBC’s Mad Money, said XRP, the native token Ripple would hit $10 is circulating online.
The false claim spread online when a user named “Amonyx” shared a tweet saying, “XRP to $10 is confirmed by Jim Cramer,” along with a screenshot. But the screenshot actually showed the opposite.
In it, Cramer said, “I see this new crypto $XRP, I don’t think it can hit $10.” While this half backed rumour is spreading Cramer’s official X, account has no post saying XRP will reach $10.
Cramer’s history with crypto
Cramer has been critical of cryptocurrencies for a long time. During an interview with CNBC in 2020, he said, “XRP, Solana, & Dogecoin…those are all cons. Why don’t we put up like a bunch of stocks that are valued at the same size.”
At that time, XRP’s price was very low, around $0.3837. But as of today, the token now trades for $1.40, which is over 615% growth since when Cramer made his comment.
Cramer sold all his crypto
Cramer has also mentioned earlier that does not have any crypto in his portfolio. This was after the fallout of the FTX exchange collapse in 2022. The bankruptcy of FTX, and the arrest of its founder Sam Bankman-Fried, triggered a “Crypto Winter,” dragging Bitcoin down to around $16,000.
Cramer appeared on CNBC on December 23, 2022, and said, “I sold all my crypto. I announced everything on TV, what I did with crypto. I wouldn’t touch crypto in a million years.” He warned people against putting money into unregulated platforms, saying, “If you have your money in any of those, look, I’m not calling you an idiot. I’m just saying you’re using a lot of blind faith.”
At the time, Bitcoin traded at $16,796. Four years later, the token now trades for $69,439, gaining 416%. This created the so-called “Inverse Cramer Theory,” a joking reference to the idea that markets sometimes move opposite to his cautious advice.
In short, he thinks cryptocurrencies can be risky, especially when people invest without enough knowledge or protection. Looking at his history there might also be a possibility that Amonyx is using his inverse theory to build a narrative for XRP to hit $10.
However important thing to note is that Jim Crammer did not mention anything on XRP and certainly not that its price will hit $10.
Also Read: Fact Check: Is Jeffrey Epstein Satoshi Nakamoto, The Bitcoin Founder?
