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A recent publication from FOX Business has triggered excitement in the XRP community, with discussions highlighting XRP as the token to watch in the expanding crypto market.
Ripple XRP news today: This unfolded on Monday when a FOX Business correspondent, along with David Stryzewski, CEO of Sound Planning Group, discussed the crypto market, particularly as Bitcoin reclaims the $100K mark.
Stryzewski told FOX Business that, in this expanding market, XRP is the cryptocurrency to watch. He went on to provide a detailed explanation for his viewpoint.
Why XRP Is the Coin to Watch Right Now
First, Stryzewski pointed out that XRP was once the second-largest coin before the SEC’s investigation. He argued that XRP is now poised for future growth and widespread adoption, as the SEC’s inquiry into the altcoin has concluded.
Notably, XRP ranked behind Bitcoin in the first week of 2018 but lost that position shortly after. This occurred years before the SEC filed a lawsuit against Ripple in late 2020.
According to Stryzewski, with XRP’s victory in the SEC lawsuit, XRP is set to play a crucial role in global payment transactions. He highlighted Ripple, the major company using XRP for payment transactions, as making significant strides in blockchain technology and payment solutions.
In particular, he emphasized Ripple’s launch of its stablecoin, RLUSD, which occurred last month. He also cited Ripple’s ongoing collaborations with financial giants to use XRP for internal transactions.
Stryzewski believes XRP’s role in the digital economy will only grow thanks to Ripple’s expanding patent portfolio and its focus on redefining the financial sector. “There’s some incredible stuff coming out of this,” he told FOX Business.
Essentially, while XRP faced challenges in the past that impacted its price, Stryzewski is confident in its long-term potential. XRP is trading at $2.43, significantly improving from the $0.50 range it sold for over the past few years.
Notably, Stryzewski’s statement to FOX Business News concerning XRP has sparked significant excitement within the XRP Army.
Stryzewski’s Caution for Investing in Crypto
While advising viewers to consider XRP, Stryzewski also offered a cautious take on cryptocurrency investments.
He echoed the sentiment that crypto markets can feel speculative. Nonetheless, he recommended that investors only put in what they are willing to lose, drawing an analogy to spending money on a weekend getaway.
According to Stryzewski, in the next 3 to 5 years, investors may either see substantial returns or simply lose a few days’ worth of discretionary spending. It’s a calculated risk but one with significant upside potential if approached thoughtfully, in his view.