The post Ripple News: Crypto Analyst Michael van de Poppe Urges Investors To Buy And Hold XRP appeared first on Coinpedia Fintech News
The Ripple-backed digital asset, XRP, has demonstrated its market resilience and potential to replace siloed banking messaging systems. The recent SEC vs Ripple ruling that validated XRP programmatic sales to retail investors as non-securities significantly bolstered its adoption in cross-border payments. Moreover, XRP was previously adopted by other jurisdictions as a commodity and digital asset just like Bitcoin. As a result, experts believe XRP price could rally into triple digits in the future.
In a recent statement, Wells Fargo’s Treasury Management officer Shannon Thorp highlighted that XRP could hit $500 if it only captures 30 percent, amounting to $7 trillion, of SWIFT’s global market share.
Michaël van de Poppe Voutches for XRP DCA Investment
Cryptocurrency daily trading has been described as a riskier endeavor compared to buying and holding reputable digital assets over the long haul. Moreover, digital assets are characterized by high daily volatility that can even surpass 20 percent in 24 hours sometimes. The unique feature that is, however, absent in the traditional stock market enables different types of trading including arbitrage and scalp.
According to a bullish cryptocurrency analyst and influencer Michaël van de Poppe, investors should tap on low XRP prices as a macro breakout happens in a matter of hours. The analyst highlighted that XRP recently wiped out 15 months of losses in a matter of 24 hours following the recent ruling.