Wall Street analyst Linda Jones is optimistic about XRP, suggesting that its current undervaluation presents a unique opportunity for investors. According to Jones, once XRP gains momentum in a bullish market, returning to its current low levels could prove nearly impossible.
Here’s a deeper dive on this take.
Linda Jones’ Bullish Outlook on XRP
In an X series of posts, Jones has been sharing her positive outlook in a series of posts, highlighting the potential for a significant uptick in XRP’s value. Despite a recent drop to $0.5219, marking a 12% decrease from a month ago, Jones remains confident in her assessment.
XRP has seen stagnant growth over the past nine months, mostly hovering between $0.4 and $0.7, failing to surpass the $1 mark for three years. However, Jones and other industry analysts foresee a forthcoming rally, attributed in part to the resolution of the SEC lawsuit and positive developments within the crypto industry.
A Grand Vision for XRP’s ROle
Jones envisions a promising future for XRP, possibly as a global reserve currency, echoing Ripple’s ambitions from seven years ago. With Ripple’s goals gaining traction, particularly within the XRP community, Jones sees potential in XRP as an asset-backed reserve currency.
She points to a global shift away from the U.S. dollar as a reserve currency, especially among BRICS nations opting for asset-backed reserves like gold. Jones believes XRP could fill this void as a decentralized reserve currency, a sentiment echoed by David Schwartz, Ripple’s CTO.
Looking Ahead
Jones urges investors to consider XRP’s current low price as a final opportunity, with various factors influencing its value. The impending resolution of the SEC lawsuit is expected to boost XRP’s price, as regulatory uncertainties have weighed it down.
While stablecoin legislation is expected in 2024, Jones predicts comprehensive crypto regulation by 2025, potentially paving the way for further growth in XRP’s value. She emphasizes the importance of “HODLing,” suggesting that holding onto XRP assets could yield significant returns.
A Different Perspective
However, not everyone shares Jones’s optimism. Some, like Rob Licker, dismiss these beliefs as “antiquated hopium,” arguing that XRP’s role as a global store of value is improbable. Licker advocates for focusing on tangible developments and projects within the XRP ecosystem to drive its value.
Jones’s bullish assessment offers a positive outlook for XRP investors amidst uncertainty. While opinions on XRP’s future vary, Jones’s insights shed light on potential opportunities in the crypto market. As developments unfold, the crypto community eagerly awaits the trajectory of XRP in the coming months.
Will XRP become the next big thing, or is this just another “hopium” dream? Only time will tell, but one thing’s for sure: the next few months will be interesting for XRP.
