XRP Surges 500% in 2024, Wall Street Veteran Predicts 2025 Breakout

Linda P. Jones, a seasoned Wall Street veteran and author, recently shared her insights on the potential trajectory of XRP for 2025. She asserted that this year will be pivotal for Bitcoin maximalists who have not invested in XRP, as they may come to regret their decision. Her comments were sparked by an investor who revealed that he had converted his Bitcoin holdings to XRP last year, just before its significant rise.

XRP has shown remarkable performance over the past two months of 2024. The cryptocurrency surged from around $0.55 in early November to a multi-year high of $3.39, marking an impressive increase of over 500%. This surge has bolstered the confidence of XRP holders, who now anticipate that 2025 could be the year it surpasses its all-time high of $3.84 and potentially reaches double digits.

Jones highlighted the increasing interest in XRP, citing recent filings for XRP exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC). She argued that financial companies only file for ETFs when they foresee demand and potential profitability. This trend suggests that investors, who have traditionally been limited to Bitcoin and Ethereum ETFs, may now diversify their holdings by shifting to XRP.

Another factor contributing to XRP’s potential growth is the possibility of preferential tax treatment in the U.S. If President Donald Trump chooses to remove taxes on U.S.-based cryptocurrencies, XRP, being the largest in this category, could attract many investors. This could lead to a shift from other ETF products, further boosting XRP’s market position.

Jones also noted that XRP’s inclusion in the U.S. government’s Digital Asset Stockpile adds to its legitimacy. This acknowledgment by Trump could enhance both institutional and retail investor confidence in the asset. Many investors prefer to invest in digital assets through ETFs rather than direct purchases, as ETFs provide an easier entry point, especially for those with retirement accounts like IRAs. This accessibility could drive further adoption of XRP, reinforcing Jones’s belief that demand will grow significantly.

Jones’s perspective aligns with the broader trend of increasing institutional interest in XRP. If the SEC approves XRP ETFs and potential tax advantages come into play, this could mark a significant turning point for the digital asset, potentially helping it dominate the market.