<\/p>\n
XRP achieves yet another milestone with its recent approval of derivative contracts particularly designed for institutional investors on the San Francisco-based cryptocurrency exchange <\/span>Coinbase.<\/span><\/a><\/p>\n Due to XRP\u2019s recent milestone, <\/span>Wall Street<\/span><\/a> expert Linda Jones believes that the token is very bullish following the increase in interest from institutional investors toward the XRP market.<\/span><\/p>\n Linda Jones took to her official X (formerly Twitter) handle to <\/span>express<\/span><\/a> her viewpoint on XRP\u2019s future. She noted that XRP will probably experience a bullish trend since the approval of derivative contracts enables institutional investors to trade the token with significant capital.<\/span><\/p>\n Linda further highlighted that institutional investors\u2019 adoption is more likely to trigger a bullish trend for XRP than with just retail investors. According to the expert, Wall Street firms, notably <\/span>hedge funds<\/span><\/a>, are drawn to derivative trading because it gives them the chance to take advantage of price changes in digital assets to maximize profits.<\/span><\/p>\n Coinbase approving perpetual futures contracts for trading XRP means: \u2014 Linda P. Jones (@LindaPJones) October 18, 2023<\/a><\/p>\n<\/blockquote>\n In the post, Linda anticipates that leading investment firms could be investigating jurisdictions that are familiar with hedge funds and offshore funds, such as the <\/span>Cayman Islands<\/span><\/a> or <\/span>Bermuda.<\/span><\/a><\/p>\n The introduction of institutional investors to the XRP market covers a larger connection for the digital asset\u2019s market stability and adoption. This marks a major step for the digital asset.<\/span><\/p>\n It indicates a growing interest and adoption of XRP in the midst of institutional investors and an increase in investment in XRP might trigger the digital asset\u2019s overall market dynamics since <\/span>institutional investors<\/span><\/a> are attracted to volatile assets like <\/span>XRP.<\/span><\/p>\n The increased interest from institutional investors in the token may also trigger an increase in demand for the token from several types of investors including retail investors and businesses.<\/span><\/p>\n Linda Jones has <\/span>previously commented<\/span><\/a> on XRP and the potential value if Ripple were to undergo an initial public offering (IPO) and become a publicly traded company.<\/span><\/p>\n Jones compared Ripple going public to the valuation at which Coinbase went public and presented a possible $107 billion valuation for the company. With such a valuation, the crypto firm\u2019s stock price would be $600. <\/span>The Wall Street veteran also believes that Ripple should be considered a high-value company such as Nvidia or Apple because it has what it takes.<\/span><\/p>\n If Ripple were to be as highly valued as Jones posited, then there would be an obvious impact on the XRP price. <\/span>Wells Fargo manager Shannon Thorp believes <\/span><\/a>that as Ripple continues to capture the cross-border payments sector, its price could rise as high as $500.<\/span><\/p>\n<\/p>\n Featured image from CoinMarketCap, chart from Tradingview.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" XRP achieves yet another milestone with its recent approval of derivative contracts particularly designed for institutional investors on the San Francisco-based cryptocurrency exchange Coinbase. XRP Milestone Could Spark A Bullish Run Due to XRP\u2019s recent milestone, Wall Street expert Linda Jones believes that the token is very bullish following the increase in interest from institutional […]<\/p>\n","protected":false},"author":2,"featured_media":178170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-178169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=178169"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178169\/revisions"}],"predecessor-version":[{"id":178172,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178169\/revisions\/178172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/178170"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=178169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=178169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=178169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}XRP Milestone Could Spark A Bullish Run<\/span><\/h2>\n
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1) XRP is very bullish. If XRP\u2019s price was not going to fluctuate or change a lot, no one would be interested in trading it. Futures contracts allow for maximum leverage and can lead to outsized profits (or\u2026<\/p>\nLinda Jones On The Ripple IPO<\/h2>\n
Bulls hold support at $0.51 | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n