• Industry experts agree that selling XRP now is like selling Apple, Microsoft, and Amazon stock in the early days.
• XRP has lost around 16 percent in the last 7 days as retail investors panic after the SEC’s latest move in its case against Ripple Labs.
• Linda Jones, a pro-XRP financial expert expects XRP to reach $10,000 as $14.5 trillion is entering the digital assets market.
XRP on a Discount
Industry experts agree that XRP is on a discount and investors selling at the current price are like those who sold Amazon, Microsoft, and Amazon stock in the early days. XRP has lost around 16 percent in the last 7 days as retail investors panic after the SEC’s latest move in its case against Ripple Labs.
Selling Early Stock
Retail investors are easily rattled and can quickly give up their position on crypto or even the stock market. By all indications, it is the same panic selling that has hit XRP investors in the last couple of days. In the last 7 days, XRP has lost nearly 20 percent and is at the time of press exchanging for $0.52. But industry experts and in particular Wall Street financial analysts are warning that selling at current levels is like selling Apple, Microsoft, and Amazon in the early days. Obviously, these companies have grown to be multi-billion companies and made investors who bought and held shares a lot of wealth.
Linda Jones Predictions
Linda Jones, a pro-XRP financial expert is one of those who expects XRP to have the same impact. Both Microsoft and Apple went public with a value of $22 per share and are now valued at $300 and $175 respectively. According to Jones, by holding a digital asset, investors are not wrong but are early: “Yes,the numbers are that big ($14.5 T). The money will flow digitally and you own a very valuable asset; you are early not wrong” said Linda Jones during an online interview recently conducted by eToro traders network .
Crypto Industry Infancy
Crypto proponents often point out that the industry is still young with its strength yet to be achieved fully soon . Holders of digital assets such as XRP are considered to be among those who embraced this new technology which proved to be resilient despite all regulatory pressure from traditional markets . Like some other technological advancements , people usually reject them due to fear of change from traditional ways . This was also experienced by crypto market but change remains constant according to some reports .