Raoul Pal, a macro investor and founder of Real Vision, shared details about his XRP investment made back in 2021.
Raoul Pal's Investment Approach
Pal stated that he has been holding XRP since June 28, 2021, at a purported entry price of $0.60. He emphasized the importance of transparency and strategic approaches in investing.
XRP Market: Dynamics and Key Events
At the time of purchase, XRP was trading at around $0.64, confirming the plausibility of the stated entry price. Currently, XRP is trading at approximately $3.27, reflecting a substantial increase of 5.5 times since the purchase. Pal commented on his position on Twitter, stating, 'Sorry since 28th June 2021.'
Long-Term Strategy and Its Rewards
Pal's long-term holding of XRP reflects conviction in investing rather than speculation. Current price points are influenced by factors such as the conclusion of the SEC case and a wave of accumulation from large investors. These elements position XRP as a valid long-term asset.
Pal's investments in XRP, initiated in 2021, now appear successful and justified. His experience underscores the importance of long-term strategy and confidence in investment choices.
