According to the prominent st Raoul Pal, the popular altcoin project XRP has a great risk-reward ratio and a 10x price increase seems likely. Raoul Pal says that despite a lawsuit filed by the US Securities and Exchange Commission (SEC), the global crypto payment instrument XRP has a great risk-to-reward ratio. in detail Cryptocoin. com
XRP as altcoin risks
In a new interview with Real Vision and Global Macro Investor CEO Savvy Finance, he talks about why he continues to be bullish on cryptocurrencies. Pal says:
XRP is a big risk-reward. As for his case, we’ve seen each case, each one has been good. After the incident, everyone was actually cleaned up, and these events were a while ago. This is what’s happening at Bitmex right now, we’ll see all of that. So I think it will look like a security, a little warning, no admission of guilt on either side. Pay a fine and then you are free to run XRP.
A lot of usage area
Former Goldman Sachs executive Raoul Pal also identifies factors that will help push the price of the coin up. It says st:
The interesting thing about XRP is that it has quite a few use cases. Now, I know a bunch of Bitcoin (BTC) people hate it – it’s not decentralized enough, I don’t care. Are people using it? Yes, much more than most people realize, and the surprising thing about this setup is that you can’t buy it on any exchange and it’s not on the Bitwise ETF. The Bitwise ETF is now one billion of the Bitwise index. The top 10 indices are a billion dollars, so as soon as XRP is free, they have to buy a few hundred million dollars, as anyone can do, because the exchanges will take it back, so you’re getting ready to hell if this gets better.
Pal says XRP is still worth a bet, despite the possibility of losing Ripple in its legal battle with regulators. Pal: “Worst case, right? Worst case, let’s say 50% downside, best case is 10x farther from here, so I’m going to take that risk for the next three to six months.”