Digital Ascension CEO Predicts No More 90% Drops for XRP

In a recent analysis, investment strategist Clover has put forth a compelling case for XRP, suggesting that it could be a strategic move for investors to buy a little more when there is extra liquidity, rather than waiting for the remnants of an old regime.

Clover's outlook for XRP is bolstered by a suite of prospective macro and market-structure tailwinds. These include the potential for a "reverse carry trade," increased adoption for the backend settlement of the stock market, and ETF flows.

Clover maintains that the current XRP tape serves as a testament to XRP's resilience, as it has not experienced the sharp retracements seen in other crypto assets. This, he argues, indicates that XRP has already passed a significant hurdle.

Investors, according to Clover, should prioritise disciplined accumulation over market timing. He advocates for dollar cost averaging, stating that it is the best bet 99.9% of the time.

At the time of press, XRP was trading at $2.87. However, Clover asserts that future price levels, such as $100, $200, or $500, will not matter for investors who bought at any price within that range.

It's important to note that the probability of the SEC approving XRP-based yield security funds within the next five years remains uncertain. This depends on regulatory developments, ongoing legal outcomes, and changes in SEC policies.

Clover also emphasises the importance of avoiding debt or leverage that compromises basic obligations in order to chase upside. Instead, he suggests that small, regular allocations made only from surplus cash are the appropriate way to express conviction while surviving the volatility of the asset class.

Moreover, Clover asserts that support for XRP has repeatedly asserted itself on the cross with Bitcoin, indicating a potential correlation between the two cryptocurrencies.

In conclusion, Clover's bullish outlook on XRP presents a strategic approach for investors, emphasising disciplined accumulation and careful allocation over market timing. As with any investment, it's crucial to conduct thorough research and consider seeking advice from a financial advisor.