Raoul Pal, CEO of Real Vision, has publicly acknowledged that he was wrong about #XRP , a cryptocurrency he had previously criticized for underperforming.
This comes amid a surprising turn of events where XRP is now trading above $2, transforming from an underperforming asset to one of the best-performing cryptocurrencies in just under a month.
During this time, it has surpassed BNB and Solana in market rankings, including the largest stablecoin USDT, now standing just behind Ethereum.
“XRP Warriors, I was wrong,” Pal said in a post on X today.
For context, in August, Pal had advised investors to consider moving away from XRP, calling it “dead.” He warned that holding onto XRP could lead to missed opportunities in the ongoing bull market. At the time, XRP was trading around $0.50, showing minimal growth and ranking among the worst-performing crypto assets.
Pal even suggested that XRP holders were being misled by a “cult-like” mentality, as they remained steadfast in their optimism. Other industry commentators also sided with Pal’s criticism. They urged investors to stay away from XRP and invest in better-performing tokens.
However, fast forward to December, and XRP has surged to over $2.50, experiencing a remarkable 400% increase in value.
