Raoul Pal, a macro investor, former Goldman Sachs strategist, and founder of Real Vision, recently clarified that he has held XRP since June 28, 2021, with an initial price believed to be $0.60. This statement came after he referred to XRP as part of what he ironically called a "stupid trade."
He quickly corrected 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: Then and Now
On June 28, 2021, XRP traded at around $0.64, making Pal's entry price of $0.60 reasonable and consistent with market prices at that time. As of the report, XRP is trading at $3.27, approximately 5.5 times his entry price.
The significant rise in these four years shows that Pal's patience has the potential to pay off. With the current market price hovering around $3, his move is still noteworthy as it was made before the explosive bullish phase following legal developments and renewed confidence in Ripple's business prospects.
Strategic Implications of His Long-Term Position
Pal's willingness to hold XRP for several years indicates conviction, not driven by speculation but possibly stemming from macro-level analysis and belief in long-term network utility.
Today's rally is supported by factors such as the fading shadow of SEC lawsuits, 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 cycles 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 seen as an opportunity by current standards.
Real-Time Verification
What began as a superficial critique of retail psychology has ultimately become an intriguing investment story. 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 retrospective validation: an investment that has overcome skepticism, regulatory friction, and market volatility, and is now standing firmer in the context of a recovering bullish sentiment.