XRP Still a Smart Buy Despite Surge, Says Expert

XRP continues to capture the crypto spotlight, with one expert urging investors not to fear buying in after its recent surge, emphasizing that the digital asset’s biggest growth may still lie ahead.

Earlier this week, XRP experienced a dramatic upswing, reaching a multi-year peak of $3.65 on July 18. The rally was driven by a confluence of factors, notably the U.S. House advancing three landmark crypto bills and circulating speculation that the prolonged legal battle involving Ripple might soon reach a resolution.

Though there has been a slight pullback, XRP has maintained strong momentum, trading above the $3 mark at the time of writing. This price action has sparked mixed feelings in the community. Notably, crypto voice Six8Jay argued that the recent rally has made it more difficult for everyday investors to acquire meaningful amounts of the token.

But not everyone agrees. A well-known XRP advocate, JackTheRippler, recently posted on X (formerly Twitter), offering a more optimistic take. According to him, it’s never too late to purchase XRP, even at current valuations, as the token still holds substantial upside potential.

He believes that XRP still has room to grow, asserting that even those purchasing at over $3 today could see significant future profits. His viewpoint stems from confidence in XRP’s broader potential, especially amid increasing regulatory clarity and anticipation of new financial products tied to the asset.

One possible game-changer could be the U.S. Securities and Exchange Commission (SEC) approving 11 spot-based Exchange Traded Funds (ETFs) linked exclusively to XRP. If greenlit, these ETFs could boost investor sentiment, attract institutional players, and push the token’s demand—and price—even higher.

Resist the Urge to Sell XRP Early

While JackTheRippler is bullish on buying XRP at today’s prices, he’s even more emphatic about holding the asset long term. He cautions against selling XRP too soon, as doing so could mean missing out on greater returns that might unfold as the market matures.

This point is underscored by the recent admission of regret by Barstool Sports founder Dave Portnoy, who revealed on X that he sold his XRP stash just two weeks ago—prior to the massive price jump. His early exit reportedly cost him gains of up to 60%, which would have netted him over $1 million in profits.

Portnoy’s experience serves as a cautionary tale for investors who may be too quick to lock in profits. JackTheRippler’s message echoes this sentiment, emphasizing patience and long-term thinking as key strategies in navigating the volatile crypto landscape.

The recent performance of XRP certainly supports a bullish outlook. As of the latest update, XRP is priced at $3.47—marking a 23.93% gain over the past week and a whopping 59.24% surge in the last 30 days.

Related: XRP Price: $12M Max Pain for Bears

In summary, while XRP has already impressed investors with its recent gains, experts like JackTheRippler are confident that more growth lies ahead. His advice comes down to this: don’t worry about being late to the party, and avoid cashing out too soon—especially with promising developments potentially on the horizon.