Image: https://cdn.pixabay.com/photo/2018/10/31/21/11/coins-3786691_640.jpg
There are a handful of cryptocurrencies that have really captured the attention of the investment community. Everyone is hoping to find the next unicorn, the token that rises to unforeseen heights to stand among the titans of the market.
Though it isn’t there quite yet, there is a lot to love about XRP. What price is XRP now? That question alone has investors excited. There is a lot to love about this token from Ripple, but is it not the time to take the plunge and get involved? Read on to find out more about why it could very well be the right moment.
XRP is Attractive Under $4
Cryptocurrency investing is very similar to traditional investments like stocks in that timing matters. Get in at the bottom of the right investment, and you can ride it to untold heights before you know it. We have seen it already with Bitcoin, although they are the originators of the entire cryptocurrency industry, which is a major factor in the growth it has experienced.
That said, XRP has experienced serious growth, up 34% in recent weeks. For that reason, looking for it to hit the $4 threshold is a realistic expectation. Which also begs the question of whether now is the right time to buy. With that in mind, feeling strongly about it going over $4 means it is a great time to buy.
The Challenges
Though it feels like XRP will cross that $4 threshold, it isn’t a guarantee. There is no such thing as a guarantee when it comes to investing in crypto. There are a handful of things that need to happen in order for XRP to continue its climb upward.
First, the adoption of RLUSD needs to improve to see more institutional inflows for XRPL. Ripple is working toward identity verification, lending, and features that will simplify the process of tokenisation. That said, it has to be consistent in execution in order to make that happen.
Secondly, XRPL’s capabilities need to continue growing. Ripple must also continue marketing itself wisely in order to bring in more RWA issuers, to gain access to tokenised funds and treasuries, and to more deeply integrate itself in order to reduce potential regulatory hiccups.
All that said, it feels far less speculative compared to most other tokens, giving XRP a major advantage when compared to much of the competition.
Is Now the Time?
It is crucial to know the good and bad before making the leap into any form of cryptocurrency. While there are inherent challenges when it comes to investing in crypto, XRP feels like an investment that will only continue to climb in the coming months.
Looking ahead to 2030, investors feel confident that XRP will continue its growth trajectory. It is important to remember that there are a few cryptocurrencies out there that have the kind of growth that Bitcoin has experienced. With tempered expectations in mind, XRP is an excellent investment with great growth potential.
Conclusion
Given the natural volatility of the cryptocurrency market, there is never such a thing as a “safe” play. That said, XRP has all the potential to be a major player in the ever-changing cryptocurrency marketplace. In order to garner the most value, now may be the time to act.
It is always advisable to invest wisely and only put in what you can afford to lose. That said, XRP looks like one of the most enticing plays out there. With massive growth under its belt, it looks like this may just be the start of good things for XRP.
