The post XRP Price Skyrockets 188%! Crypto Expert Raoul Pal Shares Winning XRP Strategy appeared first on Coinpedia Fintech News
XRP has shocked the crypto world with a massive 188% price surge, jumping from $0.5031 to $1.449 in just two weeks! This dramatic rise is turning even the harshest critics into believers. Now, renowned crypto expert Raoul Pal is weighing in, sharing his profitable XRP strategy.
Raoul Pal XRP Strategy
In a recent tweet post, Pal revealed that he still holds XRP tokens he purchased back in 2020 during the asset’s legal battles in the United States.
I sure it will do well. Still long some (small) from the delisting in 2020
— Raoul Pal (@RaoulGMI) November 22, 2024
For Pal, the key to his XRP strategy lies in its future growth potential. Although XRP has struggled to outperform other leading cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) in recent years, Pal describes himself as a “profit maximalist.”
As XRP’s value continues to climb, Pal’s decision to stick with the token highlights his belief in its long-term prospects, regardless of past performance.
Ripple Gains Momentum After Trump’s Victory
Ripple Labs, the company behind XRP, is eyeing a new era of possibilities following Donald Trump’s recent presidential victory. Ripple CEO Brad Garlinghouse expressed optimism about the potential shift in U.S. cryptocurrency regulations under the new administration.
The Biden administration has been waving an unlawful war on crypto: Brad Garlinghouse pic.twitter.com/zHWrKUpax3
— Mornings with Maria (@MorningsMaria) November 20, 2024
Garlinghouse highlighted the inefficiencies in current cross-border payment systems, calling them “slow and expensive.” He believes Ripple’s blockchain-powered solutions, using XRP, could transform these outdated systems, offering faster and cheaper alternatives.
This strategic focus could position Ripple as a leader in financial innovation both in the U.S. and globally.
XRP’s Price Soars Over 188%
XRP’s price performance has been extraordinary. Since Trump’s victory, the token has surged by an impressive 188%, rising from $0.5031 to $1.449 in just two weeks. This surge marks XRP’s highest price since September 2021, sparking investor interest.
As of now, XRP is trading at $1.48, solidifying its position as the sixth-largest cryptocurrency. However, it remains 130% below its all-time high of $3.317, set in January 2018.
