When Jim Cramer Called XRP a Con

In the world of financial commentary, strong opinions are common, but few are as divisive as those from CNBC host Jim Cramer. Known for his outspoken views on stocks and cryptocurrencies, Cramer once dismissed XRP, Solana, and Dogecoin. His specific criticism of XRP came when the token was trading at just $0.38.

At the time, he described XRP and the others as “a random group of things that we put up,” and went on to compare them unfavorably to traditional retail stocks, such as Rent the Runway and Stitch Fix.

This clip, recently resurfaced and posted to X by user NotFinancialAdvice (@NFAdotcrypto), has gained renewed attention as XRP now trades at $3.14, having recently reached a new all-time high of $3.65.

The Cramer Bounce and XRP’s Rise

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This price movement is particularly notable, given the broader sentiment surrounding what many refer to as the Cramer Bounce. The term has emerged from a pattern observed by market participants where assets Cramer stands against often rise significantly while the assets he supports underperform.

His negative comments have previously excited the XRP army, and for investors, it is safe to say that this pattern has played out well. If an individual had purchased XRP at $0.38 following Cramer’s remarks and held it until the current price of $3.14, their return would be substantial.

XRP Investment Growth Since $0.38

An investment of 1,000 XRP at $0.38 would have cost $380 and would now be worth $3,140. Similarly, 5,000 XRP purchased for $1,900 at that same price point would now be valued at $15,700. These gains show the sharp contrast between the token’s past perception and its present performance.

Cramer’s criticism focused on the perceived randomness and lack of legitimacy in tracking assets like XRP, but recent market behavior indicates sustained interest and growth in the token. XRP’s rise has been supported by developments in its ecosystem and broader investor confidence, with its market capitalization now placing it as the third-largest cryptocurrency.

Changing Market Perceptions

The broader implication of this trend is the growing disconnect between traditional financial commentary and evolving digital asset markets. XRP’s recent price movements, alongside those of other major tokens, have challenged long-held assumptions and signaled shifting investor priorities.

While some continue to question XRP’s long-term utility, others have capitalized on opportunities that arise when public opinion and price action diverge. Smart investors recently capitalized on the price dip following its all-time high, and the current market position suggests XRP may experience another surge soon.

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 advised to conduct thorough 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.*