His analysis, shared during a recent episode of the Rekt Vision podcast, highlights a bullish continuation pattern on XRP’s weekly chart.

Technical Setup Suggests Upward Momentum

According to Pal, XRP’s recent price movements align with the characteristics of a bull flag pattern, a technical structure often viewed as a sign of continued bullish momentum. This pattern typically consists of a sharp upward movement followed by a period of price consolidation. A breakout from this consolidation zone often signals the resumption of the previous uptrend.

Pal identified that XRP entered this consolidation range following a significant rally between November 2024 and January 2025. During that period, XRP surged from $0.50 to a seven-year high of $3.40, marking a 580% increase. This dramatic rise formed the “flagpole” of the bull flag structure.

However, after reaching its peak, XRP encountered resistance at the $3.40 level, triggering a correction that pulled the price below $2. Since then, the asset has gradually stabilized above the $2 threshold, trading in a narrow range for approximately four months.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Pal Highlights Bullish Outlook Despite Consolidation

Despite XRP’s recent subdued performance, he remains optimistic. The investor noted that while XRP has registered lower highs in recent weeks, indicating that bearish forces still exert some control, the broader technical setup supports the possibility of a breakout.

Although Pal disclosed that he is not currently holding XRP, he acknowledged the strength of the chart pattern, stating that it points to potential upside in the near term. He referred to the setup as noteworthy and expressed confidence that XRP will likely enter another upward phase.

Notably, Pal’s stance marks a shift from his previous outlook on XRP. He had advised investors to seek alternative assets when XRP was struggling around the $0.50 level. However, following the substantial rally sparked by  U.S. President Donald Trump’s election victory in November 2024, which fueled broader market optimism, Pal revised his position and adopted a more bullish view.

Estimating the Breakout Target

While Pal did not specify a precise price target, standard technical analysis offers a method to project potential outcomes. In bull flag formations, the projected breakout target is calculated by adding the length of the flagpole to the price at which the breakout occurs.

Given that the initial rally covered a $2.90 increase, and assuming a breakout above the current resistance level of $2.60, the implied target would be approximately $5.50. With the token currently trading at $2.32, achieving this target would require a gain of about 138%.

Pal’s assessment adds to growing expectations that the asset may soon resume its upward trajectory, provided it breaks above key resistance levels and maintains bullish momentum.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on X, Facebook, Telegram, and  Google News

The post Here’s Why Real Vision CEO Says XRP Will Soon See Fresh Rally appeared first on Times Tabloid.

Despite its association with a high-profile legal battle involving Ripple and the U.S. Securities and Exchange Commission (SEC), the asset remains one of the leading cryptocurrencies by market capitalization.

Pal offered insights into why the token continues to attract attention, even as new trends emerge in the crypto industry.

I think you are midcurve in over thinking of this!
Fartcoin funny. Holds attention.
Ai16z not interesting to normies.
They'll come in an buy XRP anyway…

— Raoul Pal (@RaoulGMI) January 2, 2025

Accessibility for New Investors

In a recent post on X, Pal highlighted XRP’s broad appeal, especially for individuals new to the cryptocurrency market. According to him, the simplicity and familiarity of XRP make it a favored option for everyday investors compared to other complex or niche crypto projects.

He contrasted this trend with the rise of AI agents in the crypto ecosystem. AI agents, which utilize artificial intelligence to perform autonomous blockchain transactions, have gained traction due to their potential applications in portfolio management and on-chain activities. However, Pal dismissed the enthusiasm around these technologies as a passing trend fueled by high-risk investors looking for excitement.

In his post, he remarked that while these advancements attract attention from some market participants, the average individual is more likely to invest in XRP, given its reputation as a straightforward entry point into the crypto space.

What Makes XRP Stand Out?

Although Pal did not elaborate on the specifics, the asset’s consistent appeal to general investors can be attributed to several factors. These include its low transaction fees, straightforward use cases, and association with Ripple—a well-established company recognized for its expertise in cross-border payment solutions. These qualities position the token as a user-friendly option, especially for those seeking less complexity in the volatile world of cryptocurrency.

Moreover, XRP has cultivated a strong and loyal community over the years. This “cult-like” following, as Pal described in a 2024 video, continues to play a significant role in sustaining the asset’s relevance. The reputation Ripple has built, combined with the token’s ease of use, reinforces its position as a gateway cryptocurrency for newcomers.

Interestingly, Pal’s current acknowledgment of XRP’s appeal contrasts with his earlier skepticism. In mid-2024, he urged investors to move away from the asset, suggesting that it lacked relevance in comparison to emerging projects that followed market trends. However, he revised his stance as the digital asset demonstrated impressive growth later that year.

Between November and December 2024, the token surged by 475%, significantly outperforming the broader cryptocurrency market. The rally that followed Donald Trump’s reelection, sparked optimism regarding potential regulatory clarity under the incoming administration. This development contrasted sharply with the legal challenges XRP faced under the SEC, which had previously sought to classify it as a security.

Token’s Position Amidst Shifting Trends

While new narratives, such as the rise of AI agents, continue to shape the crypto landscape, Pal’s remarks underscore the token’s enduring appeal among average investors. Its ease of use, reliability, and association with Ripple make it a consistent choice for those entering the market.

Although the ongoing evolution of blockchain technology introduces new investment opportunities, the token’s ability to maintain its relevance speaks to its unique position in the industry. Pal’s acknowledgment of this dynamic offers valuable insight into how certain assets remain resilient in an environment familiar with constant change.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

The post Real Vision’s Raoul Pal Says “They’ll Come In and Buy XRP Anyway”. Here’s why appeared first on Times Tabloid.

In a post on X (formerly Twitter), Pal acknowledged the accuracy of XRP enthusiasts’ predictions, admitting his skepticism had been misplaced.

Addressing his teeming followers, Pal referred to the XRP supporters as “XRP Jedi Warriors,” recognizing their steadfast belief in the cryptocurrency’s potential.

He admitted, “You were right, I was wrong. Well done! Dinosaurs still roam the earth.” Pal also highlighted the community’s challenges, remarking that they had “walked through hell to get here.”

The financial expert also recalled the hardships endured during the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple in 2020. This legal action led to XRP being delisted from prominent exchanges such as Coinbase, Binance US, and Bitstamp.

While trading was suspended, users could still hold, deposit, and withdraw XRP. Pal noted that he retained some XRP during that turbulent period, describing it as the “delisting times.”

Dear $XRP Jedi Warriors…

You were right, I was wrong. Well done! Dinosaurs still roam the earth

I just want everyone to make $$ and you guys have walked through hell to get here. I still own some XRP from the delisting but you guys/girls deserve everything.

— Raoul Pal (@RaoulGMI) December 1, 2024

Earlier in the year, Pal had criticized XRP and ADA, suggesting they had become “cults” and advising investors to avoid them. However, the recent market developments compelled him to revise his stance, particularly as XRP’s price climbed past $1 and then surged to over $2.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Ripple Unlocks One Billion XRP Amid Market Rally

The price rally coincided with a significant transaction by Ripple. Data from Whale Alert, a platform that tracks large cryptocurrency transfers, revealed that Ripple released one billion XRP tokens from escrow on December 1. At the current market value, this amounted to over $2 billion.

XRP’s remarkable performance has been particularly notable since November 24, when the token traded above $1. Since then, XRP has experienced an impressive 84.78% increase, reaching $2.73 at the time of writing. The rally solidified XRP’s position as the third-largest cryptocurrency by market capitalization, a spot it had not held in years.

The timing of Ripple’s escrow release, coupled with XRP’s price surge, has sparked interest among market analysts and the broader crypto community. This significant development comes as Ripple continues to expand its presence in global payment solutions and reinforces the resilience of XRP supporters despite past challenges.

A Shift in Perception

Pal’s acknowledgment marks a turning point in his view of XRP, signaling broader recognition of the cryptocurrency’s potential. As the market evolves, dedicated communities like XRP’s remain a testament to the influence of collective conviction in the crypto landscape.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Real Vision CEO Raoul Pal Calls XRP Army “Jedi Warriors”, Reveals His XRP Holdings appeared first on Times Tabloid.

In a video shared by Jungle Inc, another well-respected crypto figure and prominent crypto YouTuber, Pal argued that the XRP market has been stagnant for an extended period, and investors should focus on newer assets with greater growth potential.

He cautioned against holding onto XRP due to emotional attachment or fear of missing out on a potential bull run. Instead, Pal advised investors to prioritize rational decision-making and consider the broader market opportunities.

XRP Community Responds

Pal’s critique has been met with resistance from the XRP community. Jungle Inc. countered Pal’s argument by emphasizing the importance of diversification. He argued that a balanced portfolio should include emerging blockchains and established assets like XRP, which have performed well despite hurdles.

Other prominent community figures also responded to Pal’s comments. Pro-XRP attorney Fred Rispoli noted that Pal was a well-meaning crypto community member but respectfully disagreed with his assertions. Rispoli emphasized that while some older cryptocurrencies like EOS may have lost relevance, XRP has not reached that stage.

Dizer Capital founder Yassin Mobarak echoed Rispoli’s sentiment, highlighting XRP’s potential for significant growth. Mobarak acknowledged the challenges of holding XRP in the short term but emphasized the long-term rewards.

Good Morning Crypto, a prominent figure in the crypto community, started a poll asking the community if they agreed with Pal. After almost 6,700 votes, 77% disagreed with Pal, showing the community’s faith that XRP is not past its prime.

In response to Pal’s criticism, XRP enthusiasts have pointed to the cryptocurrency’s unique features and potential for future growth. They argue that XRP’s role as a digital asset for cross-border payments and its association with Ripple position it favorably for future development.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Is XRP Army a Cult?

In addition to his critique of XRP’s market performance, Pal expressed concern that the XRP and ADA communities had become cults. He argued that this mentality can cloud investors’ judgment and lead them to make irrational decisions.

Many crypto figures have condemned the actions of the XRP Army, with Cardano creator Charles Hoskinson being a prominent enemy of the XRP Army. However, Pal stated he hopes the XRP community is correct about the digital asset. He hopes it is not an investment strategy. Pal also noted that his intention was not to insult XRP but was only talking out of concern.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Real Vision CEO Raoul Pal Says Avoid Old Coins Like XRP. Here’s why appeared first on Times Tabloid.

Renowned figures in the cryptocurrency space, Raoul Pal, CEO of Real Vision Group, and analyst Ali Martinez have issued bullish predictions for SOL’s price. These predictions hinge on technological developments specific to Solana and anticipated market trends.

Read Also: Raoul Pal Is Bullish On Solana (SOL) As Ali Martinez Sets Price Target

Solana’s Technological Leap: A Game-Changer

One of the primary drivers behind the bullish sentiment is Solana’s novel validator technology, Fire Dancer. This validator boasts the capability of processing a staggering one million transactions per second.

This breakthrough can revolutionize high-frequency trading and even pave the way for established exchanges like NASDAQ to operate directly on the Solana blockchain. Analysts view this technological leap as a significant game-changer for the platform.

Analyst Price Targets: Substantial Upside Potential

Raoul Pal is extremely optimistic about Solana’s future price, forecasting a significant surge in 2025’s “crypto summer”. He predicts a conservative estimate of 100% growth to $300 but believes a 300% rise to $600 is more likely. Pal even speculates that prices could reach $800-$1,200 in a market bubble, with an outside chance of surpassing $2,000.

In a shorter bullish cycle, he predicts a price of around $750. These predictions are based on various chart analyses, showcasing Pal’s high confidence in Solana’s future performance.

Analyst Ali Martinez uses X to share his Solana price predictions, noting a repeating pattern in its historical price movements. He compares current prices to mid-2021, highlighting similar Relative Strength Index (RSI) values, which preceded a significant price surge.

Based on this pattern, Martinez predicts a potential target price of $950 for Solana, a substantial increase from current levels. Technical indicators showing oversold conditions support this bullish outlook, suggesting a possible upcoming price increase.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Solana’s Outperformance Compared to Ethereum

An interesting comparison emerges when examining the recent performance of Solana and Ethereum. Both leading blockchain platforms showed similar initial price surges, but Solana outperformed Ethereum overall.

Solana’s price was more volatile, with bigger ups and downs, while Ethereum’s price rose steadily. By the end, Solana gained about 8%, beating Ethereum’s 4% gain. Both had big early gains, followed by significant drops and recoveries, but Solana’s growth rate stayed higher throughout.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Read Also: Real Vision CEO Raoul Pal: Ethereum Will Likely Outperform Bitcoin in the Long Run

Solana’s price surged 16% over the weekend, reaching $140, driven by a shift in investor sentiment following a positive US jobs report. The report’s strong economic indicators suggest further potential price growth for Solana in the coming week, adding to the analysts’ bullish predictions.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Times Tabloid is not responsible for any financial losses.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Real Vision CEO Raoul Pal Calls $2000 Solana (SOL) Price appeared first on Times Tabloid.

This optimistic outlook is fueled by insights from prominent crypto traders Ali Martinez (@ali_charts) and Raoul Pal (@RaoulGMI), who see the potential for further upward trends.

Following a significant drop to $79 on January 23, Solana (SOL) has exhibited a remarkable recovery in just a few days. This upswing is accompanied by a small surge of 0.91% in trading volume to approximately $2 billion.

Read Also: XRP and Solana (SOL) Holders Have To Take Note of This Announcement

Chart Signals and Analyst Predictions

Ali recently identified a breakout from a descending parallel channel in Solana’s price chart, suggesting a potential reversal of the previous downtrend that began around Christmas last year. The chart highlights a series of higher lows during this period, indicating underlying buying pressure.

According to the analyst, “If $SOL can hold above $94, it has a great chance of advancing toward $113!” Over the last year, Solana has jumped an astonishing 293.63% and recently crossed the $100 mark to set it up for a surge past its peak of $121.08 from late last year.

#Solana appears to be breaking out from a descending parallel channel. If $SOL can hold above $94, it has a great chance of advancing toward $113! pic.twitter.com/cNdS6GeXXK

— Ali (@ali_charts) January 28, 2024

Shared Optimism for Solana (SOL)

Real Vision CEO Raoul Pal echoes Ali’s optimism. He shared a similar chart showcasing the breakout and encouraged investors to “stick with the program,” alluding to Solana’s potential for further growth. The phrase “the sun also rises” reinforces this bullish outlook, suggesting inevitable brighter days for SOL.

Stick with the program… The Sun Also Rises $SOL

Log chart perfection? Maybe, just maybe… pic.twitter.com/S9Ctcs15pl

— Raoul Pal (@RaoulGMI) January 27, 2024

What’s Next for Solana (SOL)?

Despite recent market fluctuations, SOL has fared relatively well compared to other leading cryptocurrencies. This resilience attracts positive attention from industry figures like Raoul Pal and could bring more investors into the Solana ecosystem.

Beyond its price performance, Solana boasts several positive developments within its ecosystem. Solana is making major developments with its mobile initiative,  and the ecosystem is experiencing explosive growth in its Decentralized Finance (DeFi) and Non-Fungible Token (NFT) sectors. These advancements contribute to the overall bullish sentiment surrounding Solana (SOL).

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Read Also: We Asked ChatGPT if Solana (SOL) Can Become the Biggest Altcoin in 2024, Here’s What It Said

The combined analysis from market experts and positive developments within the Solana ecosystem paint a promising picture for the future of SOL. While short-term price movements remain subject to market volatility, the overall outlook suggests that Solana is poised for continued growth and has the potential to reach new heights in the coming months.

Meanwhile, Google Bard recently predicted Solana’s price if Bitcoin can reach $200,000 after the Bitcoin halving and the future looks bright for SOL.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Raoul Pal Is Bullish On Solana (SOL) As Ali Martinez Sets Price Target appeared first on Times Tabloid.

In a recent interview with attorney John Deaton, Pal challenged the prevailing narrative surrounding XRP, shedding light on his controversial approach and the potential opportunities he sees amidst the ongoing Ripple-SEC lawsuit.

What's Next with Raoul Pal https://t.co/gUQwZFmogR

— CryptoLaw (@CryptoLawUS) December 12, 2023

Read Also: Macro Guru Raoul Pal: I Have Said This A Gazillion Times, XRP Has A Real Use Case

Raoul Pal’s Contrarian View: A Strategic Entry into XRP Investment

Pal’s decision to enter the XRP market was not driven by impulse or market trends. Instead, it was influenced by the guidance of a trusted friend who presented an alternative viewpoint. This prompted Pal to delve deeper into XRP’s underlying technology and its passionate community, leading him to develop a conviction that diverged from the prevailing sentiment.

The turning point for Pal’s investment came with the emergence of the SEC lawsuit against XRP. While many investors panicked and hastily exited the market, Pal saw an unprecedented opportunity amidst the turmoil.

The crypto mogul perceived the lawsuit as a potential catalyst for a significant price discount, making it an opportune moment to acquire XRP at an advantageous price point.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Beyond Short-term Gain: Recognizing XRP’s Intrinsic Value

Pal’s decision was not solely motivated by short-term gains. He recognized the inherent value proposition of XRP and the immense potential of the XRP Ledger (XRPL). Witnessing the dedication and enthusiasm of the XRP community further solidified his confidence in the asset’s future trajectory.

Drawing parallels to his past investment experiences, Pal compared his entry into XRP with his decision to purchase Solana (SOL) during a crisis. This analogy underscored the importance of identifying genuine use cases and communities that passionately support a project.

Pal emphasized that genuine utility is the bedrock of successful crypto projects, and XRP’s real-world applications resonated deeply with him.

John Deaton, a prominent lawyer advocating for XRP, echoed Pal’s sentiments, sharing his own experience with Bitcoin (BTC), the largest crypto by market cap.

Deaton recalled purchasing more BTC on the very day when Jamie Dimon, CEO of JPMorgan Chase, publicly dismissed it as a fraud. Pal found inspiration in this bold move, emphasizing the significance of believing in an asset’s potential even when facing significant opposition.

Read Also: Macro Expert Raoul Pal Says He’s Bullish on XRP, Hopes Ripple Wins to Boost XRP Price

Embracing a Contrarian Perspective: XRP’s Transformative Potential

Raoul Pal’s investment journey into XRP offers a valuable lesson in contrarian thinking. By challenging the prevailing narrative and recognizing the potential opportunities within a tumultuous landscape, Pal embraced an opportunity that many others overlooked.

Pal’s story serves as a reminder that genuine progress often arises from defying the status quo and venturing into uncharted territory. The ongoing saga surrounding XRP, although complex and challenging, presents a unique opportunity for investors who embrace a contrarian perspective.

Those who recognize the transformative potential of this technology, even amidst regulatory uncertainty, may find themselves at the forefront of a remarkable financial revolution.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Real Vision CEO Raoul Pal Discusses His Strategic XRP Investment Amid Ripple-SEC Lawsuit appeared first on Times Tabloid.

Raoul Pal: XRP’s Value Transcends Price Fluctuations

In a recent tweet, Aljarrah emphasized that the recent price fluctuations of XRP would not shake his confidence in the cryptocurrency. He shared a video clip featuring Raoul Pal, the CEO and founder of Real Vision, to further support his conviction that XRP holds more value than what is currently reflected in its market value.

Price fluctuations won't shake my faith! #XRP's true value lies beyond the charts. pic.twitter.com/IKsotLvlOD

— Black Swan Capitalist (@VersanAljarrah) July 24, 2023

Read Also: Just In: SEC Says Ripple and XRP Victory Is Wrong, Set To Appeal: Details

Aljarrah’s comments coincide with XRP experiencing a decline below the $0.7 threshold for the first time since Judge Analisa Torres ruled that XRP is not a security. Following the favorable ruling in the Ripple lawsuit, XRP briefly surged to $0.85 but has since faced a downward trajectory.

The recent volatility in Bitcoin’s price further impacted XRP, causing it to fall to $0.67 during the early hours of the day. At present, XRP is trading at $0.68, representing a 6% decrease in the past 24 hours.

According to Raoul Pal, the value of XRP is not solely driven by speculation but by its utility. Pal highlights that the temporary delisting of XRP from several US-based exchanges, such as Coinbase and Kraken, following the SEC’s lawsuit against Ripple, indicates the significance of its true value.

According to Pal, if XRP’s value were purely speculative, its market worth would have diminished significantly after the exchanges delisted it. He emphasizes that a substantial amount of XRP is regularly transacted, demonstrating its utilization and importance within the XRP Ledger (XRPL).

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Speculation Surrounding Ripple Lawsuit Conclusion

Pal speculates that once the Ripple lawsuit reaches its conclusion, XRP’s value is likely to experience a significant boost. While Judge Analisa Torres recently issued a summary judgment in favor of Ripple, there is speculation that the case could head to the Second Circuit, as the SEC may appeal the decision, primarily focusing on the aspects where Ripple emerged victorious.

While both parties may seek a settlement to end the multi-year legal battle, the SEC’s recent motion in the TerraForm Labs’ lawsuit indicates its intention to appeal the summary judgment. The outcome of these developments will undoubtedly impact XRP’s trajectory.

Read Also: Ripple CTO David Schwartz Explores XRP Role on XRP Ledger (XRPL) Beyond Gas Token

XRPL’s Pivotal Role in CBDC Development

Additionally, Pal emphasizes the considerable role that the XRP Ledger (XRPL) will play in the development of central bank digital currencies (CBDCs). With the world moving towards adopting CBDCs, Pal believes that XRPL will occupy a central position in this transformative shift.

Ripple, known for its involvement in CBDC initiatives, has partnered with several central banks, including the Central Bank of Montenegro, to explore the potential of CBDCs.

To strengthen its position in this domain, Ripple recently unveiled a new platform designed to enable central banks, financial institutions, and governments to create their own blockchain-based digital currencies, powered by XRPL.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Black Swan Capitalist Founder: XRP True Value Lies beyond the Charts appeared first on Times Tabloid.

According to Pal in a recent Ask Me Anything (AMA) session, XRP, the native token of the XRP Ledger (XRPL), is a viable currency for cross-border payments.

Read Also: GateHub To Launch Major Update on the XRP Ledger-Based Wallet, Xumm

Pal further stated that XRP has a big chance to see massive price appreciation once the ongoing lawsuit filed by the United States Securities and Exchange Commission (SEC) ends in favor of Ripple, the San Francisco-based cross-border payment firm.

The macro guru also asserted that the risk of XRP crashing in terms of price is considerably lower peradventure the case fails to end in favor of Ripple.

Raoul Pal noted:

“I’ve said this a gazillion times, XRP has a real use case. It is being used as a protocol… I think there’s a gap risk higher if they get the ruling. There’s no gap risk lower as much. There should be some speculation.

“But it’s being used and a chain that’s being used for money transmission is a chain that has Metcalfe’s Law. So I have no issue with it. I own a small part.”

Read Also: Real Vision CEO Raoul Pal: XRP Network Will Play Central Role in Future CBDC System

Recall that the longstanding lawsuit was filed against Ripple in December 2020 by the SEC for allegedly selling XRP as an unregistered security for a period of seven years.

According to Pal, many investors lost interest in XRP after the SEC filed the lawsuit against Ripple.

“Retailer held back because of this stupid SEC regulation and ruling that we’re waiting for.”

Follow us on Twitter, Facebook, Telegram, and Google News

The post Macro Guru Raoul Pal: I Have Said This A Gazillion Times, XRP Has A Real Use Case appeared first on Times Tabloid.

In a new YouTube video, Pal told his teeming subscribers that Solana (SOL) has a lot working in its favor to ignite an eventual bull run.

Read Also: Solana Co-Founder Says “We Want To Synchronize the World at the Speed of Light”

The macro guru said the strong use cases embedded in the Solana blockchain for brands and consumers are helping it to become more resilient despite unwanted outages and the impacts of the FTX exchange collapse.

In the course of the strategy session, Pal also noted that the trend currently exhibited by Solana (SOL) is similar to that of Ethereum in 2018 when the price of ETH dropped by more than 90%.

Raoul Pal noted:

“I really like Solana and I understand that the chain breaks. I also understand that they are fixing it. I also understand that’s a no-no. And one of the elements was, it was concentrated in its ownership because of FTX. They are now able to liquidate it and so you’re getting rid of one of the issues.

Solana itself, I think it’s doing something very clever. In cryptocurrencies, what matters is narrative. Bitcoin narrative, digital gold for example. Ethereum, the distributed Internet for Web3. So where do these other chains fit in? Well, Solana has and is building a narrative, which is that it is the consumer chain. And yes, there are some others doing that. FLOW, I think is another example, much smaller.

Read Also: Real Vision CEO Raoul Pal: Ethereum Will Likely Outperform Bitcoin in the Long Run

But the consumer Internet, these are the people who’ve done the deal with META, doing deals with Google. They’ve got stores. They’ve got clothing lines. They have a consumer feel to them. And I believe consumer adoption, not at owning cryptocurrencies, but the use of NFTs and other digital assets is only going to explode over the next few years. We’ve just seen Nike building out more. We’ve seen Adidas. We’ve seen the fashion brands. We’ve seen Ticketmaster…

“Solana reminds me of Ethereum back in 2018 when it was down 97% and nobody cared. And that was a great bloody opportunity.”

Follow us on Twitter, Facebook, Telegram, and Google News

The post Real Vision CEO Raoul Pal Says Solana (SOL) Has a Lot Working In Its Favor to Ignite an Eventual Bull Run appeared first on Times Tabloid.