XRP, the native cryptocurrency of the XRP Ledger, has seen its price surge about 500% over the past year but dropped 15% in the last two weeks, currently trading at $2.88. Investors are wondering if it’s a good time to buy XRP while its price is near $3. Several tailwinds support its potential growth.
Recent regulatory changes could boost the cryptocurrency industry. The SEC formed a task force to develop a comprehensive framework for crypto assets and rescinded a rule that made institutions treat digital assets as liabilities. President Trump signed an executive order promoting digital financial technology, which may lead to government investment in cryptocurrencies.
XRP streamlines international payments and foreign currency exchanges, providing real utility. With its blockchain, Ripple facilitates transactions in seconds, reducing fees and increasing adoption. Industry experts expect greater participation from financial institutions, with some predicting XRP could overtake Ethereum as the second-most valuable cryptocurrency.
Ripple’s stablecoin RLUSD may boost XRP demand by offering a less volatile alternative to the native token. Multiple asset managers are seeking SEC approval for spot XRP ETFs, which could drive price appreciation similar to Bitcoin’s post-SEC approval surge.
Risk-tolerant investors with a long-term perspective should consider buying a small position in XRP while its price is near $3, as it has the potential to create real value for the global financial system and may see significant growth over time.
Source: https://www.fool.com/investing/2025/02/03/should-you-buy-xrp-ripple-while-it-trades-under-3