Prominent U.S.-based wealth advisor Mickle believes it is not too late to buy XRP, arguing the recent gains of XRP are peanuts compared to what is incoming.
XRP has recently rallied over 65% from its early-month bottom price to reclaim a multi-month high above $0.63. The comeback sparked community-wide commendations as it marked a significant turnaround from XRP’s lackluster performance.
The massive rebound convinced ambitious market watchers that XRP was on track for more explosive price gains. Meanwhile, some crypto community members have become regretful that they might have missed a lifetime opportunity to buy XRP at $0.385 when the chance emerged early this month.
However, Mickle believes it is not too late to invest in XRP. At press time, XRP trades at $0.6033, advancing by 2.2% today after a brief retracement.
The American wealth advisor believes buying XRP at around $0.6 is still a lucrative opportunity, especially considering the significant gains he predicts are yet to come for the asset.
Is it Too Late to Invest in XRP? 🚀🤔 pic.twitter.com/3WVKEMCXmd
— mickle (@xrpmickle) July 21, 2024
Why It’s Not Late to Buy XRP
Mickle explained that when considering the vast amounts of money held by large institutions that will adopt XRP and the immense value of assets that will be tokenized on the XRP Ledger, it becomes clear that the current market is just a fraction of what’s to come.
In his view, the current market is “nothing” compared to the potential that lies ahead. Accordingly, Mickle suggested that market participants should worry less about being late to XRP based on speculative price movements.
Instead, he believes one would only be late once Ripple begins to achieve its goals, integrating XRP into various institutions and governments running trial programs.
Ultimately, Mickle is confident that XRP will succeed, gain widespread adoption as a neutral liquidity asset for the financial system, and be used by large institutions and governments.
Furthermore, he anticipates that high-level DeFi protocols will be built on the XRP Ledger, enabling large financial institutions to upgrade their systems using these tools.
Notably, Mickle is one of the most ambitious voices in the XRP community. In a previous analysis, he boldly asserted that investing in XRP was akin to investing in Apple stocks during their early days.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
