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Raoul Pal "Holds" XRP From 0.60 USD To 3.27 USD – The Bet Called "Stupid" Turns Out To Be Super Profitable
Raoul Pal, a macro investor, former strategist at Goldman Sachs, and founder of Real Vision, recently clarified that he has held XRP since June 28, 2021, with an initial price of 0.60 dollars. This statement came after he referred to XRP as part of what he ironically calls "stupid trading." He quickly clarified the statement by revealing the exact purchase date, demonstrating a commitment to transparency and highlighting the ability to balance market psychology with the strategic actions of experienced investors. Market Context: Before and Now On June 28, 2021, XRP was trading at around $0.64, making Pal's entry price of $0.60 reasonable and in line with market prices during that period. As of the time of the report, XRP is trading at $3.27, an increase of about 5.5 times from his entry price.
The significant price increase over these four years shows that Pal's patience has the potential to pay off. With the current market price hovering around 3 dollars, his move is still noteworthy as it was made ahead of the explosive price increase following legal developments and renewed confidence in Ripple's business prospects. The Strategic Significance of His Long-Term Position Pal's readiness to hold XRP for many years demonstrates confidence, not due to speculation but possibly stemming from macro-level analysis and belief in the long-term utility of the network. Today's price increase is supported by factors such as the fading shadow of the SEC lawsuit, the renewed accumulation by whales, and technical breakouts. For example, XRP has formed bullish technical patterns, characterized by an increase in open futures contracts and on-chain indicators like the golden cross MVRV. By holding through periods of volatility and regulatory uncertainty, Pal illustrates that macro strategic investors can still view XRP as a valid long-term asset, especially when the valuation is considered an opportunity by current standards. Time-Based Authentication What started as a superficial critique of retail psychology has ultimately evolved into an intriguing investment narrative. Pal's early and long-term exposure to XRP not only bolstered his analytical credibility but also shone as a testament to disciplined capital allocation. For both observers and the XRP community, his stance represents a form of retroactive validation: an investment that has overcome skepticism, regulatory friction, and market volatility, and is now standing stronger in the context of a recovering bullish sentiment.