Noted financial expert and wealth advisor, Linda Jones, explained why XRP is a good long-term investment. In his video “Why Should I Hold XRP?”, he emphasizes the potential of cryptocurrency to change finance. Many investors view XRP as a contender for the crypto market due to Ripple’s progress and institutional involvement.
Ripple Institutional Adoption Bundle
XRP is gaining popularity among financial institutions due to Ripple’s aggressive positioning of the coin as a way to facilitate fast and cost-effective cross-border transactions. More than 300 major financial institutions, including banks and payment processors, have adopted the XRP Ledger (XRPL), enhancing its legitimacy and usefulness. This growing adoption is important because it shows how altcoins are being used in real financial systems.
I love this video! The best! #XRP #The nose
— Linda P. Jones (@LindaPJones) December 15, 2024
Jones insists that institutional investment could be further boosted by the expected approval of a so-called XRP Exchange-Traded Fund (ETF). If approved, this ETF could facilitate the process of attracting large investors to the market, thereby increasing the demand for altcoins.
The recent increase in interest from institutional players is indicative of a general trend in which traditional currencies are increasingly embracing digital assets.
Legal Developments Enhancing Self-Assurance
Ripple’s legal victory against the SEC earlier this year is a major factor contributing to XRP’s rise in popularity. This victory has in part bolstered investor confidence and reduced the regulatory uncertainty that previously plagued the cryptocurrency. Many people are of the opinion that a favorable settlement could lead to even bigger takeovers and prices as Ripple continues to face its legal challenges.
Also, people think that better regulations for cryptocurrencies will be put in place now that Donald Trump is back in the political limelight. Trump has said he wants to loosen regulations on digital assets, which could have a positive impact on XRP. Market experts think that if these changes are made, Ripple could see rapid growth in both price and usage.
XRP Price Prediction
Currently, XRP is worth $2.61, which is a huge jump of more than 300% since the beginning of 2024. Analysts think the coin could reach between $5 and $10 by 2030, depending on how regulations change and how the market performs. If things continue as they are, this is possible. Some optimistic predictions even say that cryptocurrency can go beyond these goals if more institutions start using it.
Linda Jones’ endorsement of XRP points to the general market’s view of its long-term performance. Changing regulations, positive regulatory developments, and strong institutional support are helping many investors see XRP as a fundamental part of the financial system of the future. As usual, prospective buyers should assess their risk tolerance and do extensive research before entering the crypto market.
Featured image from DALL-E, chart from TradingView