Raoul Pal, the founder of Real Vision, has reaffirmed his long position on the cryptocurrency XRP, viewing it as a promising asset amid current macroeconomic trends and regulatory clarity.
Pal's Support for XRP
Raoul Pal, a former Goldman Sachs strategist, continues to believe in XRP by maintaining a long position which he has held since June 28, 2021. He mentions that the key factors for his belief are macroeconomic cycles and improved regulatory clarity. His support for XRP aligns with market trend analysis, positively affecting investor sentiment.
Key Achievements of XRP
After entering a long position in XRP at approximately $0.60, the current price fluctuates between $3.15 and $3.27, marking a 5.5x gain for holders. This significant increase boosts confidence among both retail investors and analysts monitoring the asset.
Market Reaction to Pal’s Position
Pal's stance has encouraged whale accumulation, further impacting positive market sentiment. XRP's charts display bullish formations with notable MVRV golden crosses, enhancing investors' optimism about future returns. Pal also highlights that regulatory clarity reduces investment barriers, which may lead to further capital inflows.
Raoul Pal's support for XRP reflects his confidence in the asset, and his views on the market and regulatory clarity may attract additional attention and investments in this cryptocurrency sector.
