Financial analyst Linda Jones advises investors to purchase XRP before institutional investment drives up its value. She draws a comparison between XRP and Bitcoin, highlighting the potential for a post-institutional investment boom. Jones’s recommendation comes in response to a podcast conversation with James Jay, who aims to alleviate concerns among XRP holders.
Jay emphasizes the strategic entrance of institutional investors into XRP and predicts that it will follow a similar trend to Bitcoin. He points out that during the early years of Bitcoin, major investors were absent until the value surpassed $20,000, attracting well-known names like Michael Saylor.
In relation to XRP, Jay suggests that institutions may not recognize its potential until it stabilizes at a high price, such as $100. He notes that institutional support significantly increased the value of Bitcoin. Jay cautions against buying XRP at its current price of around $0.5287, which has seen a 2.24% increase over the previous week but a 0.90% decrease in the last 24 hours. He believes that institutional buying will drive up the price, causing many to miss out on the current low price.
Jay predicts that XRP’s price will follow a similar trajectory to Bitcoin’s as institutional investments increase. While selling at $10 may yield profits, he warns against exiting the XRP market too soon, as it may lead to regret.
To fully appreciate the bright future of XRP, Jay advises holders to view potential high-value milestones as validation. He suggests that XRP investors should exercise patience, conduct further research, and understand that it may not take ten years for “big money” to adopt XRP, unlike Bitcoin. He emphasizes that those who fail to recognize and invest in XRP’s potential before institutional investors drive up its value are likely to experience regret and fear of missing out (FOMO).
In other news, Ripple has recently registered a trademark for RLUSD, its new stablecoin based on dollars.