Raoul Pal, a macro investor, former Goldman Sachs strategist, and founder of Real Vision, revealed that he has held XRP for over four years after he referred to this digital asset as part of what he once described as "stupid trading." This label, not meant to be offensive, was a way to refer to specific retail trading behavior in the early cycles of the cryptocurrency market. Shortly thereafter, he disclosed that he bought XRP in 2021 when it was trading at $0.60.
Raoul Pal Deletes Comment "Stupid Trading" of XRP
In a recent interview, Pal presented his views on how individual investors engage with the cryptocurrency market and how the nominal price of a token can influence their buying decisions. He categorizes this market into three types of risks: large established layer 1 tokens that he calls "too big to ignore," a mid-tier DeFi token category that is more challenging, and a simple momentum investing category that he refers to as "stupid trading." Pal emphasizes that this term is not an attack aimed at holders but a description of what happens when newcomers avoid higher-priced coins and buy cheaper coins without deeper analysis.
After the comment, Pal quickly clarified his stance on XRP. He revealed that he has held this asset since June 28, 2021. The price was just slightly below the market price, hovering around $0.64. Sharing the exact date and entry point demonstrates his commitment to transparency, as he emphasizes that investors can separate market sentiment from how they invest.
Four Years of Holding XRP and Significant Profit
Holding XRP for several years has proven to be a highly profitable move for Pal. At the time of writing, XRP is trading at around $3.15, an increase of about 5.5 times from the reference price of $0.60. This price increase is driven by regulatory transparency, increasing accumulation by whale investors, and bullish technical patterns, with indicators such as the rising open interest on XRP futures contracts and positive on-chain signals like the MVRV golden cross reinforcing the uptrend.
Pal's decision to hold steady during four years of a volatile market, including a long period of legal uncertainty with the U.S. Securities and Exchange Commission, demonstrates a level of confidence that far exceeds short-term speculation.
The significance of this position lies not only in the profit but also in the message it conveys to the cryptocurrency market. By maintaining investment during volatile cycles, Pal has shown that XRP can be considered a viable long-term asset when purchased at a price that later proves to be an opportunity. His early involvement occurred before major price surges of XRP, making it a prime example of patient capital allocation.
For the XRP community, Pal's revelation serves as a confirmation. It shows that discipline and vision can yield results in a fast-moving market, while also solidifying XRP's position as a strategic investment that is becoming stronger as the bullish trend continues.