The post Crypto Expert Raoul Pal Reveals His XRP Strategy appeared on BitcoinEthereumNews.com.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. As XRP continues to melt the faces of haters and skeptics with its skyrocketing price action, many made a U-turn on this popular cryptocurrency and began to wonder what the prospects of this crypto market old-timer actually are. In one of these miracles, Raoul Pal gave his verdict on XRP, answering one of the followers’ questions.  The trading expert revealed that his sentiment on the popular cryptocurrency is actually positive and that XRP “will do well.”  Related He confirmed that he still holds some XRP tokens purchased back in 2020, when the asset first became the focus of legal scrutiny in the United States. I sure it will do well. Still long some (small) from the delisting in 2020 — Raoul Pal (@RaoulGMI) November 22, 2024 XRP’s regulatory challenges stem from its association with Ripple, the San Francisco-based blockchain company leveraging the token in its cross-border payment solutions. In 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, alleging the unregistered sale of securities.  XRP: Price outlook As XRP skyrocketed more than 178% since the beginning of November, Pal revealed that he owned and still owns a bit of XRP since his legal troubles in 2020. Despite not really performing against Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) since then, Pal described himself as a profit…

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Filed under: News - @ November 22, 2024 5:25 pm