Raoul Pal, CEO of Real Vision, has revised his stance on XRP, a cryptocurrency he previously criticized for underperforming.
Admitting the Mistake
Raoul Pal reached out to Ripple enthusiasts in a post, admitting that his previous assessment of XRP was incorrect. He praised the so-called 'XRP Jedi Warriors' for their foresight regarding the token's potential.
XRP Exceeds Expectations
XRP experienced a dramatic rise beyond the $2 threshold, reclaiming its third position on the CoinMarketCap rankings. Previously, Pal expressed skepticism about XRP, labeling it a 'cult' coin. Nevertheless, the token's recent breakthrough has resulted in a 400% increase.
Ripple's Expansion and New Stablecoin Launch
The cryptocurrency market saw stabilization after the SEC's allegations against Ripple in 2020. Currently, XRP is gearing up for the launch of a new stablecoin, RLUSD, pending approval from the NYDFS.
Despite past challenges, XRP has demonstrated significant growth and anticipates further developments with the launch of a new stablecoin.
