{"id":556251,"date":"2023-10-20T18:00:25","date_gmt":"2023-10-20T18:00:25","guid":{"rendered":"https:\/\/wncen.com\/?p=556251"},"modified":"2024-06-11T07:56:09","modified_gmt":"2024-06-11T07:56:09","slug":"expert-xrp-is-very-bullish","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/expert-xrp-is-very-bullish\/","title":{"rendered":"Here\u2019s Why This Wall Street Expert Believes XRP Is Very Bullish"},"content":{"rendered":"

XRP achieves yet another milestone with its recent approval of derivative contracts particularly designed for institutional investors on the San Francisco-based cryptocurrency exchange <\/span>Coinbase.<\/span><\/a><\/p>\n

XRP Milestone Could Spark A Bullish Run<\/span><\/h2>\n

Due to XRP\u2019s recent milestone, <\/span>Wall Street<\/span><\/a> expert Linda Jones believes that the token is very bullish following the increase in interest from institutional investors toward the XRP market.<\/span><\/p>\n

Linda Jones took to her official X (formerly Twitter) handle to <\/span>express<\/span><\/a> her viewpoint on XRP’s future. She noted that XRP will probably experience a bullish trend since the approval of derivative contracts enables institutional investors to trade the token with significant capital.<\/span><\/p>\n

Related Reading: Bitcoin Maximalist Calls Ethereum \u2018Garbage\u2019, Here\u2019s Why<\/a><\/div>\n

Linda further highlighted that institutional investors\u2019 adoption is more likely to trigger a bullish trend for XRP than with just retail investors. According to the expert, Wall Street firms, notably <\/span>hedge funds<\/span><\/a>, are drawn to derivative trading because it gives them the chance to take advantage of price changes in digital assets to maximize profits.<\/span><\/p>\n

\n

Coinbase approving perpetual futures contracts for trading XRP means:
\n1) XRP is very bullish. If XRP’s price was not going to fluctuate or change a lot, no one would be interested in trading it. Futures contracts allow for maximum leverage and can lead to outsized profits (or\u2026<\/p>\n

\u2014 Linda P. Jones (@LindaPJones) October 18, 2023<\/a><\/p><\/blockquote>\n

In the post, Linda anticipates that leading investment firms could be investigating jurisdictions that are familiar with hedge funds and offshore funds, such as the <\/span>Cayman Islands<\/span><\/a> or <\/span>Bermuda.<\/span><\/a><\/p>\n

The introduction of institutional investors to the XRP market covers a larger connection for the digital asset’s market stability and adoption. This marks a major step for the digital asset.<\/span><\/p>\n

It indicates a growing interest and adoption of XRP in the midst of institutional investors and an increase in investment in XRP might trigger the digital asset’s overall market dynamics since <\/span>institutional investors<\/span><\/a> are attracted to volatile assets like <\/span>XRP.<\/span><\/p>\n

The increased interest from institutional investors in the token may also trigger an increase in demand for the token from several types of investors including retail investors and businesses.<\/span><\/p>\n

Linda Jones On The Ripple IPO<\/h2>\n

Linda Jones has <\/span>previously commented<\/span><\/a> on XRP and the potential value if Ripple were to undergo an initial public offering (IPO) and become a publicly traded company.<\/span><\/p>\n

Jones compared Ripple going public to the valuation at which Coinbase went public and presented a possible $107 billion valuation for the company. With such a valuation, the crypto firm\u2019s stock price would be $600. <\/span>The Wall Street veteran also believes that Ripple should be considered a high-value company such as Nvidia or Apple because it has what it takes.<\/span><\/p>\n

Related Reading: FTX Billion-Dollar Fraud: Expert Figures Out Where The Missing $9 Billion Went<\/a><\/div>\n

If Ripple were to be as highly valued as Jones posited, then there would be an obvious impact on the XRP price. <\/span>Wells Fargo manager Shannon Thorp believes <\/span><\/a>that as Ripple continues to capture the cross-border payments sector, its price could rise as high as $500.<\/span><\/p>\n

\"XRP<\/p>\n

Bulls hold support at $0.51 | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n
Featured image from CoinMarketCap, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

XRP achieves yet another milestone with its recent approval of derivative contracts particularly designed for institutional investors on the San Francisco-based cryptocurrency exchange Coinbase. XRP Milestone Could Spark A Bullish Run Due to XRP\u2019s recent milestone, Wall Street expert Linda Jones believes that the token is very bullish following the increase in interest from institutional investors toward the XRP market. Linda Jones took to her official X (formerly Twitter) handle to express her viewpoint on XRP’s future. She noted that XRP will probably experience a bullish trend since the approval of derivative contracts enables institutional investors to trade the token with significant capital. Related Reading: Bitcoin Maximalist Calls Ethereum \u2018Garbage\u2019, Here\u2019s Why Linda further highlighted that institutional investors\u2019 adoption is more likely to trigger a bullish trend for XRP than with just retail investors. According to the expert, Wall Street firms, notably hedge funds, are drawn to derivative trading because it gives them the chance to take advantage of price changes in digital assets to maximize profits. Coinbase approving perpetual futures contracts for trading XRP means: 1) XRP is very bullish. If XRP’s price was not going to fluctuate or change a lot, no one would be interested in trading it. Futures contracts allow for maximum leverage and can lead to outsized profits (or\u2026 \u2014 Linda P. Jones (@LindaPJones) October 18, 2023 In the post, Linda anticipates that leading investment firms could be investigating jurisdictions that are familiar with hedge funds and offshore funds, such as the Cayman Islands or Bermuda. The introduction of institutional investors to the XRP market covers a larger connection for the digital asset’s market stability and adoption. This marks a major step for the digital asset. It indicates a growing interest and adoption of XRP in the midst of institutional investors and an increase in investment in XRP might trigger the digital asset’s overall market dynamics since institutional investors are attracted to volatile assets like XRP. The increased interest from institutional investors in the token may also trigger an increase in demand for the token from several types of investors including retail investors and businesses. Linda Jones On The Ripple IPO Linda Jones has previously commented on XRP and the potential value if Ripple were to undergo an initial public offering (IPO) and become a publicly traded company. Jones compared Ripple going public to the valuation at which Coinbase went public and presented a possible $107 billion valuation for the company. With such a valuation, the crypto firm\u2019s stock price would be $600. The Wall Street veteran also believes that Ripple should be considered a high-value company such as Nvidia or Apple because it has what it takes. Related Reading: FTX Billion-Dollar Fraud: Expert Figures Out Where The Missing $9 Billion Went If Ripple were to be as highly valued as Jones posited, then there would be an obvious impact on the XRP price. Wells Fargo manager Shannon Thorp believes that as Ripple continues to capture the cross-border payments sector, its price could rise as high as $500. Bulls hold support at $0.51 | Source: XRPUSD on Tradingview.com Featured image from CoinMarketCap, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":556260,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,17209,4531,89693,83637,13172,10972,78763],"class_list":["post-556251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-bull","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nHere\u2019s Why This Wall Street Expert Believes XRP Is Very Bullish<\/title>\n<meta name=\"description\" content=\"XRP achieves yet another milestone with its recent approval of derivative contracts designed for institutional investors on Coinbase.\" \/>\n<meta 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Here\u2019s Why This Wall Street Expert Believes XRP Is Very Bullish","url":"http:\/\/wncen.com\/news\/ripple\/expert-xrp-is-very-bullish\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/expert-xrp-is-very-bullish\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/XRP-Small.jpeg?resize=200%2C180","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/XRP-Small.jpeg?fit=320%2C180"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","ripple news","xrp","xrp bull","xrp news","xrp price","xrpusd","xrpusdt"],"dateCreated":"2023-10-20T18:00:25Z","datePublished":"2023-10-20T18:00:25Z","dateModified":"2024-06-11T07:56:09Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Here\\u2019s Why This Wall Street Expert Believes XRP Is Very Bullish\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/expert-xrp-is-very-bullish\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/expert-xrp-is-very-bullish\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/XRP-Small.jpeg?resize=200%2C180\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/XRP-Small.jpeg?fit=320%2C180\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"ripple news\",\"xrp\",\"xrp bull\",\"xrp news\",\"xrp price\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2023-10-20T18:00:25Z\",\"datePublished\":\"2023-10-20T18:00:25Z\",\"dateModified\":\"2024-06-11T07:56:09Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/XRP-Small.jpeg?fit=320%2C180","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/556251"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=556251"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/556251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/556260"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=556251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=556251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=556251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}