XRP Army Banking On Mega Bull Run as Wall Street Expert Cites 5 Factors Propelling Ripple’s XRP to New Heights

Renowned U.S financial expert Linda P. Jones has shared insights into the key factors that could propel XRP’s price to new heights.

In a Monday episode of “America’s Wealth Mentor,” Jones outlined five crucial drivers that bulls should keep an eye on, even as XRP struggles to overcome its current price weakness.

SEC Settlement 

According to Jones, the most significant factor influencing XRP’s future is the awaited settlement with the Securities and Exchange Commission (SEC). Even after winning the lawsuit, she noted that Ripple faces uncertainty regarding the fine for institutional transactions in the past.

“We don’t know what the settlement amount is going to be and that uncertainty is causing some price hesitation in my opinion because institutions don’t like to invest when they don’t have all the information,” said Jones.

Once this settlement is disclosed, she noted that it could pave the way for Ripple’s IPO, potentially benefiting both Ripple and XRP.

Ripple’s IPO

Jones further emphasized that a settlement could open the doors to Ripple going public.

Notably, Ripple’s CEO, Brad Garlinghouse, has previously stated that the company cannot proceed with an IPO until the SEC settlement is finalized. According to Jones, legal clarity through the settlement amount is essential for Ripple to plan an IPO, which could be a game-changer for XRP.

Crypto Legislation 

Jones also stressed the need for regulatory clarity in the crypto sector to boosting XRP’s recovery. However, while awaiting legislation, she noted that the cryptocurrency could rise in value even before regulations are established, with just a resolved SEC settlement.

Institutional Adoption

Without mentioning a price target, the pundit further noted that institutional adoption is anticipated to drive XRP’s price further, with family offices and private wealth already allocating a portion of their assets to various cryptocurrencies. 

“We’re going to see XRP’S price rise with institutional adoption…some institutional money has already invested such as family offices and private wealth in which 1 to 3% of their assets have been allocated to one form of crypto or another,” she added.

Bitcoin Halving Cycle

Jones also highlighted the importance of the Bitcoin halving cycle, traditionally triggering bull markets in the crypto space.

While the cycle is expected to commence around April, Jones suggested that XRP’s price might rise in sync with this market phenomenon.

Concerns Over Spot ETF

In a recent interview, Valkyrie co-founder and chief investment officer Steven McClurg discussed the likelihood of XRP ETFs.

Speaking to Bloomberg Crypto, McClurg said, “It wouldn’t surprise me if we saw Ripple or Ethereum spot ETFs out there” when asked whether the U.S. Securities and Exchange Commission’s (SEC) approval of spot Bitcoin ETFs could pave the way for similar offerings in the XRP and Ethereum markets.

At press time, XRP was trading at $0.51 after a modest 1.99% gain in the past 24 hours. 

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• Source: https://zycrypto.com/xrp-army-banking-on-mega-bull-run-as-wall-street-expert-cites-5-factors-propelling-ripples-xrp-to-new-heights/