Top America Wealth Mentor Mentions Five Key Factors to Send XRP to New All-Time High

Top America Wealth Mentor Mentions Five Key Factors to Send XRP to New All-Time High

Time Stamp: January 9, 2024 2:35 AM
Top America Wealth Mentor Mentions Five Key Factors to Send XRP to New All-Time High PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Renowned America’s wealth mentor Linda Jones uncovers five crucial factors that could impact XRP’s valuation amid the asset’s prolonged trend of painful performance.

In a recent podcast, financial expert Linda Jones discussed the intricacies surrounding XRP’s price movements. Jones noted that she remains optimistic about the asset’s future outlook despite the prevailing frustration in the crypto community regarding XRP’s lackluster performance.

To give holders hope, the Wall Street financial analyst conveyed crucial factors she believes would pivot XRP to new bullish territories. 

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Here are five factors that can send XRP to new highs.

Ripple and SEC Lawsuit Settlement

Jones highlighted the settlement amount from the Securities and Exchange Commission (SEC) as the foremost determinant of XRP’s future. According to her, the uncertainty around this figure has been a hindering factor for potential XRP investors.

Notably, this settlement amount is the financial penalty for Ripple’s institutional transactions deemed securities in the XRP victory judgment delivered on July 2023. 

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The financial expert argued that the settlement amount, once disclosed, would provide much-needed clarity to institutional investors. This potentially mitigates their hesitation to engage with XRP.

Ripple IPO 

Moreover, Jones noted that the settlement amount is crucial to Ripple’s initial public offering (IPO) plans. She cited Ripple CEO Brad Garlinghouse, stating that the company cannot proceed with an IPO until the settlement amount is finalized and the lawsuit chapter is officially closed.

Essentially, Jones pointed out that the absence of a clear settlement figure keeps Ripple from moving forward with an IPO.

In other words, Ripple can move forward with its IPO plans once the settlement amount is determined. This potentially opens up new avenues for growth and positive developments in Ripple stock and XRP.

Anticipation of Crypto Legislation

Furthermore, Jones stressed the importance of impending U.S. crypto legislation in the future valuation of XRP. She acknowledged that it might not materialize until 2025. Yet, Jones suggested that XRP could experience a surge even before legislative frameworks are established.

Besides, Jones argued that the coming of U.S. legislation could end the era of meme-themed coins, potentially propelling the appeal of utility-based projects like XRP.

Institutional Adoption

According to the financial expert, “We’re going to see XRP’s price rise with institutional adoption now institutional adoption.”

Meanwhile, she acknowledged that significant institutional involvement may be contingent on legislative developments. Yet, she highlighted that some institutions, including family offices and private wealth entities, have already entered the crypto space. 

Moreover, Jones cited projections that estimate the crypto market could reach a staggering $100 trillion by 2030. Factors expected to see the daring valuation come to fruition include tokenization and the influx of institutional and retail money. 

In a scenario where the crypto market reaches $100 trillion, XRP is poised to command a significant portion of the market share, given its position as one of the most valuable crypto projects.

Bitcoin Havling Cycle

The last point Jones highlighted was the Bitcoin halving, which is four months away. 

Throughout history, Bitcoin halvings have consistently set the stage for Bitcoin and the broader crypto market to achieve record-breaking all-time highs. Notably, this event is characterized by a decrease in Bitcoin rewards, leading to a subsequent scarcity in circulation.

With XRP’s value at $0.5696 at the time of reporting, it remains to be seen what its future value would be with the projected events coming to fruition.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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