Renowned financial expert Linda Jones examined the complex dynamics affecting XRP’s market performance in a recent podcast. Despite widespread frustration among investors due to XRP’s lackluster trend, Jones remains optimistic about XRP’s future.
She highlighted five important factors that could positively shape the trajectory of XRP.
First, Jones emphasized the importance of the settlement amount between Ripple and the SEC. These unresolved figures arising from the SEC’s ruling regarding institutional trading of Ripple act as a major deterrent for potential XRP investors. Once released, this amount can provide clarity and encourage institutional participation.
Jones also highlighted the dependence of Ripple’s IPO plans on the agreement. Ripple CEO Brad Garlinghouse said the IPO was contingent on finalizing a settlement and formally concluding the lawsuit. Therefore, a clear agreement could pave the way for Ripple’s IPO, which could lead to the development of Ripple stock and XRP.
Expectations surrounding upcoming US cryptocurrency legislation form another pivotal factor in XRP valuation. Although this legislation may not become reality until 2025, Jones believes it could have a significant impact on the value of XRP even before it becomes law. These regulations could change the cryptocurrency landscape, potentially favoring utility-based projects like XRP over meme-themed coins.
According to Jones, institutional adoption will also play a key role in XRP’s future trajectory. Despite potential dependence on legislative developments, institutional participation, including family offices and private wealth institutions, could drive significant market traction.
Lastly, Jones highlighted the upcoming Bitcoin halving cycle, a historic event known to fuel record highs in the cryptocurrency market. This event, which features decreasing Bitcoin rewards and increasing scarcity, has historically influenced market trends and could potentially impact XRP’s future valuation.
XRP Price Analysis
The current value of XRP is $0.5696, and these highlighted factors collectively represent the potential change in value depending on how expected events unfold. Expressing similar sentiments about the price of XRP, renowned cryptocurrency analyst Ali Martinez predicts that the price of
Despite maintaining a long-term triangle shape since 2018, XRP’s bullish outlook is supported by its consistent accumulation trend and Ripple’s efforts to improve liquidity and trading volume. Despite notable dead crosses, the 50 and 200 weekly moving averages (MAs) have provided strong support, reinforcing the positive outlook for XRP’s future price action.