Linda Jones, a prominent financial expert and wealth mentor, explained why XRP It is a good investment in the long term. In her video “Why Should I Hold XRP?”, she emphasized the cryptocurrency’s potential to transform finance. Many investors are watching XRP as a competitor to the cryptocurrency market due to Ripple’s progress and institutional involvement.
Expanding institutional adoption of Ripple
XRP has become more popular among financial institutions as a result of Ripple’s aggressive positioning of its currency as a way to facilitate faster and less expensive cross-border transactions. More than 300 major financial institutions, including banks and payment processing companies, have adopted the XRP Ledger (XRPL), enhancing its legitimacy and utility. This growing acceptance is crucial because it demonstrates how altcoins can be 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 stresses that institutional investment may rise further through the expected approval of a venue XRP exchange-traded fund (ETF). If this ETF is approved, it could simplify the process of attracting large investors to the market, thus increasing demand for altcoins.
The recent increase in interest from institutional players points to a more general trend where traditional finance is increasingly embracing digital assets.
Legal developments that enhance self-confidence
Ripple’s legal victory against the SEC earlier this year is a substantial factor contributing to XRP’s increasing popularity. This partial victory has boosted investor confidence and eased some of the regulatory uncertainty that had previously plagued the cryptocurrency. Many individuals believe that a positive decision could lead to greater adoption and higher prices as Ripple continues to overcome its legal challenges.
People also believe that better rules will be put in place for cryptocurrencies now that Donald Trump is back in the political spotlight. Trump said he wants to ease rules around digital assets, which could have a positive impact on XRP. Market experts believe that if these changes are made, Ripple may see faster growth in both price and usage.
XRP price forecast
at the moment, XRP is worth $2.61That’s a massive jump of more than 300% since the beginning of 2024. Analysts believe the coin could reach between $5 and $10 by 2030, depending on how regulations change and how the market changes. If things continue as they are, this could happen. Some optimistic forecasts even suggest that the cryptocurrency could exceed these goals if more and more institutions start using it.
Linda Jones’ endorsement of XRP indicates a more general market view on its long-term viability. Changing rules, positive legislative developments, and strong institutional support are helping many investors see XRP as a key component of the future financial system. As always, potential buyers should evaluate their risk tolerance and conduct extensive research before entering the cryptocurrency market.
Featured image from DALL-E, chart from TradingView