Jupiter is a relatively fast moving planet. Of the planets outside the earth's orbit, only Mars is faster. But Mars is so clearly red (and usually dimmer than Jupiter), so its role seemed more warlike. The two inner planets are restricted to orbits closer to the sun, and of these only Venus can attain any remarkable brightness. Jupiter in opposition is fairly bright, and it ranges freely throughout the heavens with a good pace. As a matter of deduction, it must have seemed to be the king of the planets.
hi! you might be interested in this earlier thread
these threads about the names of planets may be of incidental interest (there are scattered mentions of Jupiter, but none really address the fact that it's the largest planet)