XRP has long been one of the most debated cryptocurrencies in the market. For years, critics questioned its purpose, decentralization, and future. Among those skeptics was billionaire investor and Galaxy Digital CEO Mike Novogratz, who once boldly said, “I didn’t think XRP would last.”
But now, Novogratz admits he was wrong — he underestimated both the digital asset and the loyal supporters behind it.
Novogratz – I Was Wrong about XRP
Speaking with podcaster Kyle Chasse, Novogratz revealed that he once believed XRP would not survive the legal storm it faced with the U.S. Securities and Exchange Commission (SEC) in 2020.
Novogratz was publicly skeptical, believing that heavy regulatory pressure, along with Ripple’s large control over the token, would eventually crush the project. But I was wrong about XRP as Ripple completely outplayed.
Ripple stood firm in court, while the loyal “XRP Army” kept supporting the project through every wave of doubt and market swings. Instead of fading, XRP regained trust, rebuilt strength, and proved far more resilient than many expected.
The Power of Loyal Communities
Novogratz praised Ripple CEO Brad Garlinghouse and attorney John Deaton for leading from the front, noting that the XRP case became more than just a legal fight; it united holders globally and proved how a network effect and loyal base can insulate a crypto project.
“XRP has one of the strongest communities there is,” Novogratz commented, comparing its loyalty to Bitcoin’s and noting how crypto projects can survive tough times when their supporters stand firmly behind them.
XRP Emerges as a Top Performer in Crypto
As the Ripple SEC lawsuits end, Novogratz admitted that XRP turned out to be one of the best-performing tokens since November 2024.
“Who would have ever guessed that?”
Since November 2024, the XRP price has been up approximately 47.4% as it rose from $1.94 to about $2.86 by September 2025, despite major market volatility and regulatory challenges throughout the period
He added that XRP’s community never sees the token as “too expensive,” a mindset uncommon in traditional markets.
As of now, the XRP Price is trading around $2.87, reflecting a rise of 3% seen in the last 24 hours.
