Digital Ascension CEO Predicts XRP Will Not Experience 90% Crash Again
Jake Clover, CEO of Digital Ascension Group, stated in a September 3 video that he does not anticipate a 90% drop in XRP prices. Key points from his message include:
- The market provided opportunities to buy XRP during prolonged periods below $1.
- Clover believes structural changes in XRP's market microstructure and increased demand from institutional liquidity providers will prevent significant price drops.
- Approval odds for spot exchange-traded products are high, contributing to sustained demand.
- XRP's performance has remained stable compared to other cryptocurrencies that have seen sharp retracements.
- Clover links XRP's potential growth to Bitcoin's performance and broader market trends.
- He emphasizes the importance of dollar cost averaging as a strategy over market timing.
- Risk management is crucial; he advises against leveraging debt for investments.
- Clover suggests making small, regular investments from surplus cash to manage volatility.
As of now, XRP is priced at $2.87.
