XRP skyrockets to top 3 cryptocurrencies after growing by 400% in 30 days

XRP price has recently surprised the crypto community with robust growth, allowing the crypto asset to take third place by market cap. Over the past 30 days, XRP has surged by over 400%, driven by the crypto community’s anticipation of the upcoming changes in the U.S. digital currency regulations.

Renowned analyst Michaël van de Poppe highlighted XRP’s upward movement speed. According to him, if “an older coin” like Ripple can demonstrate parabolic growth, new coins can have even bigger surprises in store for market players. Poppe said the bull cycle had only begun, meaning the positive movement of the crypto market, including XRP, could last for quite a while.

Real Vision CEO Raoul Pal, who had previously criticized XRP, admitted he had been wrong. He also praised XRP investors for their firm faith in the cryptocurrency.

The businessman explained that his criticism was an attempt to give market players honest advice. Pal did not want the altcoin holders to miss opportunities by holding onto an underperforming crypto asset for several years.

Raoul Pal confessed he owned some XRP, too. The Real Vision CEO shared that he had purchased the tokens in early 2021 following the delisting of XRP from centralized exchanges due to a lawsuit from the SEC.