XRP has been underperforming since its surge in early November, and investors have grown frustrated with its lackluster performance. However, there might be light at the end of the tunnel as renowned financial expert and Wall Street Veteran Linda P. Jones has identified five key factors that could send XRP to new all-time highs in a recent podcast.
XRP Lawsuit Settlement: The ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) has hampered XRP’s growth in unimaginable ways. The lawsuit held XRP down during the 2021 bull run, preventing it from reaching a new all-time high. It has also hurt XRP’s adoption by major institutions in the U.S.
Although XRP has beaten the SEC at every turn, the uncertainty surrounding the potential settlement amount is a major deterrent for institutional investors, who are hesitant to enter the market until the dust settles.
Jones argues that a swift and clear resolution to the lawsuit, even if it involves a hefty fine, would provide stability and pave the way for increased institutional adoption.
Ripple’s Potential IPO: Ripple has long-held plans for an Initial Public Offering (IPO), but these plans are on hold until the SEC lawsuit is resolved. The rumors of the IPO have been making the rounds for months, and an IPO would inject fresh capital into Ripple and boost investor confidence, potentially causing a surge in XRP’s price.
U.S. Crypto Legislation: The lack of clear regulatory frameworks surrounding cryptocurrencies has been a major concern for investors and institutions. Ireland recently joined the growing list of countries opening their doors to cryptocurrencies. While comprehensive U.S. crypto legislation might not be on the horizon, the mere anticipation of its arrival could positively impact XRP.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Finance Expert: $10,000 Investment in Ripple Now Could Become $140,000 After IPO
Institutional Adoption: While large-scale institutional adoption of XRP is still in its early stages, it’s a trend that Jones believes is inevitable. The end of the lawsuit will pave the way for institutional investors to flock into the crypto market.
XRP’s proven track record, fast transaction speeds, and low fees make it attractive for institutional investors looking for an entry point into the digital asset world.
The Upcoming Bitcoin Halving: The Bitcoin halving in April is another potential catalyst for XRP’s price surge. Historically, Bitcoin halvings have triggered bull runs, as the decrease in Bitcoin rewards leads to increased scarcity and higher prices.
A rising tide often lifts all boats, and a Bitcoin bull run after halving could aid XRP as usual. While predicting the future of any asset is difficult, the factors outlined by Linda Jones, the Wall Street veteran, show that XRP could be on the cusp of a major breakout.
Follow us on Twitter, Facebook, Telegram, and Google News
