Renowned financial expert advises investors to recognize the opportunity presented by the recent XRP price dip, urging them to acquire the coin at a discounted price.
One major benefit of a crypto dip is allowing investors to acquire the asset at a discounted price. Interestingly, renowned financial analyst Linda Jones shares this sentiment as she takes to X to highlight the advantages of the XRP price dip.
Is XRP Dip A Blessing in Disguise?
It is common knowledge that XRP plunged alongside other crypto assets in the late hours of yesterday. The fifth cryptocurrency by market capitalization plummeted to a 24-hour low of $0.476, according to CoinGecko data.
When writing this line, XRP is changing hands at $0.50, down 14.5% over the past day. While the price action of XRP has left many in huge loss, Jones thinks the dip could be a blessing in disguise.
In a tweet today, she noted that investors continue focusing on XRP’s current price or value. The top analyst explained that price is the amount required as payment for something. In addition, she said value is how much the asset is worth beyond the amount paid for it.
Furthermore, she asserted that smart investors search for value, recognize opportunity, and take advantage of it.
You can focus on price or you can focus on value.
Price is what you pay for something.
Value is how much it’s worth, beyond what you paid for it.
Smart people look for value, recognize opportunity and take advantage of it. #xrp pic.twitter.com/kqp2p65okw
— Linda P. Jones (@LindaPJones) August 18, 2023
In the case of XRP, the analyst suggests that investors should take advantage of the cryptocurrency’s price plunge and acquire XRP at a discounted price.
Jones Makes Favorable XRP Forecasts
Jones remarked less than 48 hours after she said institutional investors and corporate clients would boost the XRP price. She noted that legal clarity drives institutional adoption of crypto.
It is worth noting that XRP recently received clarity in the SEC v. Ripple lawsuit. In contrast to the SEC’s claim that XRP is a security, Judge Torres, in her ruling, declared the coin as a digital asset.
While the non-security status conferred on XRP by the court would propel institutional adoption of the coin, Jones still believes that Congress needs to enact laws specific to cryptos.
Earlier this week, Jones stated that XRP was selling for a discount at $0.60. She urged investors to “scoop” the coin at the $0.60 price level. Although Jones believes XRP’s price could go lower, she said the coin will soar higher in the next few years.