A prominent crypto trader known as Sensei has reaffirmed his bearish stance on XRP, despite recent positive developments surrounding the cryptocurrency. He remains unconvinced about <a href="https://www.cryptoknowmics.com/news/xrp-faces-criticism-after-sec-settlement-as-price-remains-stagnant/" target="_blank" rel="noopener">XRP’s value</a>, even as Grayscale Investments moves forward with its newly launched <b>XRP Trust</b>.
<h2>Grayscale's XRP Trust Gains Attention</h2>
Grayscale, a leading digital asset manager, recently introduced its <b>XRP Trust</b> in response to the favorable court ruling in the Ripple v. SEC lawsuit, which spanned nearly four years. Although the possibility of an appeal remains, the launch of the XRP Trust marks a significant step toward the potential creation of an <b>XRP ETF</b>. Market analysts suggest that such a fund could bring substantial capital inflows, potentially boosting XRP’s price.

Following the news of the <b>Grayscale XRP Trust</b>, XRP saw a price surge, reaching $0.588 on September 12, a notable increase not seen in several weeks. However, the price later corrected to around $0.5820.
<h2>Sensei's XRP Short Position and Criticism</h2>
Despite the upward momentum, Sensei announced via social media platform X that he would be shorting XRP at the current price levels. He has consistently referred to XRP as a “shitcoin,” dismissing its growth potential and future prospects. Sensei remains unimpressed with XRP’s role in the Ripple ecosystem and its use in facilitating payments, maintaining that the token is of low quality.

Despite Sensei’s skepticism, <b>XRP outperformed many digital assets</b>, recording a 5% price increase compared to Bitcoin’s 1.39% gain during the same period. On September 13, XRP closed at $0.5727, marking its first close above $0.57 since August.

<em><strong>Disclaimer: </strong></em>The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Sensei Criticizes XRP Despite Grayscale’s XRP Trust Launch

Grayscale, a leading digital asset manager, recently introduced its XRP Trust in response to the favorable court ruling in the Ripple v. SEC lawsuit

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Sensei Criticizes XRP Despite Grayscale’s XRP Trust Launch

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