From “Giant Scam” to Soaring Growth: XRP Nearly 10x Since Jim Cramer Dismissed It

Ripple’s cryptocurrency XRP has experienced an astonishing price surge since CNBC host and market commentator Jim Cramer labeled it a “giant scam” back in 2022. At that time, XRP was trading at around $0.38. But the situation has changed dramatically — XRP has since increased nearly tenfold. XRP commentator “NFAdotcrypto” recently brought up Cramer’s old remark, now widely seen as a prime example of poor timing. While many investors once took his statements seriously, the crypto community now jokes that Cramer’s predictions often mark market bottoms — and XRP appears to be yet another case in point.

📈 From Criticism to a 742% Price Surge Since Cramer dismissed XRP, the token has risen by 742%. When accounting for its recent peak, the gains exceed 863% — a surge that few, including Cramer himself, could have foreseen. A similar pattern has played out with other cryptocurrencies Cramer publicly criticized. In many cases, the negative sentiment was flipped into bullish momentum, fueled by community defiance.

🔹 Forbes Once Called XRP a “Zombie” XRP has also faced harsh words from the mainstream press. In 2024, Forbes labeled XRP a “zombie” and criticized its lack of visible progress or practical utility. At the time, XRP traded at around $0.60 with a market cap of $36 billion. Forbes placed Ripple among 20 so-called “billion-dollar zombie projects,” claiming its ambition to replace SWIFT had not materialized. However, XRP has since rebounded to over $3.60, and its market capitalization surged past $180 billion.

📊 What About Raoul Pal? He Publicly Admitted He Was Wrong Another notable case involves Raoul Pal, founder of Real Vision, who in August 2024 called XRP an “old story” and urged investors to shift focus to newer narratives. He warned the community against becoming emotionally attached, suggesting it could cost them real profits. But shortly after his remarks, XRP skyrocketed from $0.50 to over $3.50 — marking a 550% increase. Pal later acknowledged his mistake and praised XRP holders on X (formerly Twitter) for their persistence. He explained that his earlier comments were meant to help investors avoid missed opportunities, but that XRP had clearly outperformed his expectations. Panos Mekras of Anodos Finance even encouraged him to explore the innovations within the XRP Ledger.

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