Why XRP Is A Long-Term Gem, According To A Wealth Guru

Christian Encila

6 months ago

3 mins read

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A 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 cryptocurrency’s potential to change finance. Many investors are watching XRP as a crypto market challenger due to Ripple’s progress and institutional involvement.

Ripple Institutional Adoption Expanding

XRP is becoming more popular among financial institutions as a result of Ripple’s aggressive positioning of its coin as a means of facilitating faster and less expensive cross-border transactions. More than 300 major financial institutions, including banks and payment processors, have embraced the XRP Ledger (XRPL), enhancing its legitimacy and usefulness. This growing acceptance 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 might be raised even more by the expected approval of a spot XRP Exchange-Traded Fund (ETF). If approved, this ETF might simplify the process of drawing big investors to the market, hence increasing demand for the altcoin.

The recent increase in interest from institutional actors is indicative of a more general trend in which traditional finance is increasingly adopting digital assets.

XRPUSD market cap currently at $150 billion. Chart: TradingView.com

Legal Developments Boosting Self-Assurance

Ripple’s legal triumph against the SEC earlier this year is a substantial factor contributing to the increasing popularity of XRP. This partial victory has bolstered investor confidence and mitigated some of the regulatory uncertainties that had previously afflicted the cryptocurrency. Many individuals are of the opinion that a favorable resolution could result in an even greater adoption and price appreciation as Ripple continues to navigate its legal challenges.

XRP price up in the last day. Source: Coingecko

Also, people think that better rules for cryptocurrencies will be put in place now that Donald Trump is back in the political spotlight. Trump has said that he wants to loosen the rules on digital assets, which could have a positive effect on XRP. Market experts think that if these changes are made, Ripple could see faster growth in both price and usage.

XRP Price Forecast

At the moment, XRP is worth $2.61, which is a huge jump of over 300% since the start of 2024. Analysts think that the coin could hit between $5 and $10 by 2030, depending on how regulations change and how the market does. If things keep going the way they are, this could happen. Some optimistic predictions even say that the cryptocurrency could go above and beyond these goals if more and more institutions start to use it.

Linda Jones’s endorsement of XRP alludes to a more general market view on its long-term viability. Changing rules, positive legislative developments, and strong institutional support help many investors see XRP as a basic component of the future financial system. As usual, prospective buyers should evaluate their risk tolerance and conduct extensive study before entering the crypto market.

Featured image from DALL-E, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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