Notable financial expert and wealth mentor, Linda Jones, has explained why XRP is a good long-term investment. In her video “Why Do I Hold XRP?” she underlines the potential of cryptocurrency to change the financial sector. Many investors see XRP as a challenger to the crypto market due to Ripple’s progress and institutional involvement.
Ripple institutional adoption is expanding
XRP is becoming increasingly popular among financial institutions due to Ripple’s aggressive positioning of its coin as a means to enable faster and cheaper cross-border transactions. More than 300 major financial institutions, including banks and payment processors, have embraced the XRP Ledger (XRPL), increasing its legitimacy and usefulness. This growing adoption is crucial because it shows how the altcoin is being used in actual financial systems.
I love this video! The best!
#XRP #Ripple https://t.co/lt3gAl0E0F
— Linda P. Jones (@LindaPJones) December 15, 2024
Jones underlines that institutional investment could be further increased by the expected approval of a spot XRP Exchange Traded Fund (ETF). If approved, this ETF could simplify the process of attracting large investors to the market, increasing demand for the altcoin.
The recent increase in interest from institutional actors is indicative of a more general trend in which the traditional financial sector is increasingly using digital assets.
Legal developments that increase self-confidence
Ripple’s legal triumph against the SEC earlier this year is a substantial contributing factor to XRP’s increasing popularity. This partial victory has boosted investor confidence and eased some of the regulatory uncertainties that previously plagued the cryptocurrency. Many believe that a favorable resolution could result in even greater adoption and price appreciation as Ripple continues its legal challenges.
People also think that there will be better regulations for cryptocurrencies now that Donald Trump is back in the political spotlight. Trump has said he wants to relax regulations on digital assets, which could have a positive impact on XRP. Market experts believe that if these changes are implemented, Ripple could see faster growth in both price and usage.
XRP Price Prediction
At this moment, XRP is worth $2.61That’s a huge jump of more than 300% since the start of 2024. Analysts believe the coin could rise between $5 and $10 by 2030, depending on how regulations change and how the market does. If everything stays the way it is now, this could happen. Some optimistic predictions even say that the cryptocurrency could exceed these goals even further as more and more institutions adopt it.
Linda Jones’ endorsement of XRP points to a more general market view about its long-term viability. Changing regulations, positive legislative developments and strong institutional support mean that many investors see XRP as a basic component of the future financial system. As usual, potential buyers should evaluate their risk tolerance and do extensive research before entering the crypto market.
Featured image of DALL-E, chart from TradingView
