- XRP: Analyst Insists It's Not Too Late to Enter -

XRP has maintained the $2 level, but there are signs that the momentum is increasing. A crypto analyst named “J4b1” stated that buying 27,514,229,299 at $2.20 is still not too late. He believes it could be the perfect moment before dramatic changes. His claims are based on the historical price action, Ripple's current strategy, and what institutions might do next.

The price stability of XRP is maintained by its monthly activity. The dominance over the supply of 27,514,229,299 is an important aspect of J4b1's argument. Every month, the company releases 1 billion XRP from an escrow and sells only a fraction. The rest is placed back in the escrow. In the analyst's view, this practice prevents Ripple from experiencing sharp price fluctuations.

Institutional demand could change everything. J4b1 mentioned several factors that could drive XRP. He cited the potential regulatory clarity from a new U.S. administration that could be more friendly to cryptocurrencies. He also spoke about the possibility of an XRP ETF and the growth of tokenized assets on the XRP Ledger. J4b1 believes that if institutions start accumulating in large quantities, Ripple's current approach may not be enough to contain the price. If demand exceeds the supply that Ripple has, the price could surge.

The history of XRP offers clues. The journey begins in 2012 when it was worth less than a cent. It gained momentum over the years as Ripple sold it to banks as a means of making cross-border payments faster and cheaper. This momentum drove XRP to a peak of $3.80 during the 2017 high. But everything changed when regulators intervened. In 2015, Ripple was fined by FinCEN. In 2020, the SEC lawsuit slowed XRP adoption and kept the price in check. However, Ripple continued to expand, acquiring companies like Metaco and obtaining licenses worldwide.

source: Cointimes