A Wall Street analyst endorses a statement suggesting that XRP is among the greatest opportunities for investors to build generational wealth.
Notably, the sentiment was originally shared by Digital G, a market commentator, amid the ongoing market turbulence. For context, XRP has been a victim of the latest market correction, which wiped out over $1.7 billion in leverage positions from nearly 584,000 traders.
Data suggests that XRP faced one of the worst selloff campaigns for any cryptocurrency, especially on Coinbase. This triggered a massive 14.87% price collapse on Monday, with the altcoin closing the day at the lower end of the $2 price region.
XRP Represents an Opportunity for Generational Wealth
Amid these troubles, XRP has shown impressive resilience, which has helped to maintain optimism around it. As confidence in its potential prevails, Digital G, who was a regulated fund manager in the U.K., recently pointed out the importance of an investment in XRP.
He admitted that XRP represents one of the greatest opportunities for any investor to secure generational wealth. Moreover, he believes the two other cryptocurrencies with such potential are Stellar (XLM), an XRP rival, and XDC Network (XDC).
Interestingly, Wall Street analyst Linda P. Jones, a vocal XRP proponent, agreed with the commentary. According to her, she authored a book on the assets and how such investments could help investors build life-changing wealth. The wealth mentor was possibly referring to her bestseller “3 Steps to Quantum Wealth.”
I agree with this statement so much, I wrote a book about them and the life changing wealth building opportunity. 😀#xrp #xlm #xdc https://t.co/yuULOtvc2B
— Linda P. Jones (@LindaPJones) December 9, 2024
Interestingly, all three assets focus on helping retail and institutions carry out efficient cross-border payments and financial transactions by providing fast, low-cost, and scalable solutions for transferring value.
XRP, XLM and XDC Potential
Digital G’s sentiment is possibly due to the fact that these cryptocurrencies, especially XRP, have ecosystems looking to solve real-world problems in finance, such as remittances and settlement, and have partnerships with banks, governments, and enterprises.
While they underperformed in previous years, their recent price action confirms the potential for growth. For instance, XRP is up by more than 303% since November, while XLM has gained 448%. Also, XDC has skyrocketed 175% within the same timeframe.
As a result, several market analysts have presented lofty targets for these tokens. Recently, market analyst EGRAG argued that XRP was following Tesla’s 2018 trajectory, forecasting a 50% dump before a 3,500% uptick above $40.
Meanwhile, last month, Charting Guy, a market commentator, called attention to a bullish price structure on the 1-month XLM chart which he believes could lead to a rally to $5. Earlier this month, Javon Marks set a breakout target of $0.1814 for XDC.
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