{"id":31265,"date":"2023-10-20T18:52:36","date_gmt":"2023-10-20T22:52:36","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=31265"},"modified":"2023-10-20T18:52:36","modified_gmt":"2023-10-20T22:52:36","slug":"heres-why-this-wall-street-expert-believes-xrp-is-very-bullish","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/10\/20\/heres-why-this-wall-street-expert-believes-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 Coinbase.<\/a><\/p>\n

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

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

Linda Jones took to her official X (formerly Twitter) handle to express<\/a> her viewpoint on XRP\u2019s 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.<\/p>\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 hedge funds<\/a>, are drawn to derivative trading because it gives them the chance to take advantage of price changes in digital assets to maximize profits.<\/p>\n

Coinbase approving perpetual futures contracts for trading XRP means:
\n1) XRP is very bullish. If XRP\u2019s 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>\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 Cayman Islands<\/a> or Bermuda.<\/a><\/p>\n

The introduction of institutional investors to the XRP market covers a larger connection for the digital asset\u2019s market stability and adoption. This marks a major step for the digital asset.<\/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\u2019s overall market dynamics since institutional investors<\/a> are attracted to volatile assets like XRP.<\/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.<\/p>\n

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

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

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 <\/a>that as Ripple continues to capture the cross-border payments sector, its price could rise as high as $500.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

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.<\/a><\/p>\n

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

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

Linda Jones took to her official X (formerly Twitter) handle to express<\/a> her viewpoint on XRP\u2019s 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.<\/p>\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 hedge funds<\/a>, are drawn to derivative trading because it gives them the chance to take advantage of price changes in digital assets to maximize profits.<\/p>\n

Coinbase approving perpetual futures contracts for trading XRP means:
\n1) XRP is very bullish. If XRP\u2019s 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>\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 Cayman Islands<\/a> or Bermuda.<\/a><\/p>\n

The introduction of institutional investors to the XRP market covers a larger connection for the digital asset\u2019s market stability and adoption. This marks a major step for the digital asset.<\/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\u2019s overall market dynamics since institutional investors<\/a> are attracted to volatile assets like XRP.<\/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.<\/p>\n

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

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

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 <\/a>that as Ripple continues to capture the cross-border payments sector, its price could rise as high as $500.<\/p>\n

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