On social media, Raoul Pal praised XRP holders for their strong belief in the altcoin. He explained that he criticized XRP not out of malice, but out of a desire to give investors honest advice. Pal clarified: he simply did not want investors to miss potential opportunities by holding onto a crypto asset that has maintained low performance for several years.
According to Pal, he still holds XRP that he purchased in early 2021 during the mass delisting of the coin from centralized exchanges due to the lawsuit by the U.S. Securities and Exchange Commission (SEC) against Ripple. Recall that at the end of 2020, the regulator accused the company of violating securities laws.
Pal's statements followed after XRP began trading above $2, becoming a sought-after altcoin in just a month. The crypto asset grew by 54% in a week and 25% in a day. XRP is currently in third place by market capitalization after Bitcoin and Ethereum, surpassing the largest stablecoin USDT, as well as cryptocurrencies BNB and SOL.
In August, Pal advised investors to give up on XRP, calling the altcoin 'dead'. He warned that by hoping for an increase in XRP, investors might miss out on other noteworthy cryptocurrencies during the next bull trend. At that time, XRP was trading around $0.50 per coin.
Recently, the head of Real Vision mentioned meme coins DOGE and SUI, stating that they are entering the so-called 'banana zone', where the prices of crypto assets steadily rise. Pal advised investors not to succumb to hype and to invest in leading cryptocurrencies.
$BTC $Doge$SUI$XRP
