FOX Business Reports XRP is the coin to watch now

A recent post from FOX Business has sparked excitement in the XRP community, with discussions highlighting XRP as the token to watch in the expanding cryptocurrency market.

Ripple XRP News Today: This was revealed on Monday when a FOX Business reporter, along with David Stryzewski, CEO of Sound Planning Group, discussion Cryptocurrency market, especially as Bitcoin regains the $100,000 mark.

Stryzewski told FOX Business that in this expanding market, XRP is the cryptocurrency to watch. He went on to provide a detailed explanation of his point of view.

Why XRP is the coin to watch now

First, Stryzewski pointed out that XRP was once the second-largest coin before the SEC investigation. He said XRP is now poised for future growth and widespread adoption, as the SEC’s investigation into the altcoin concluded.

Notably, XRP ranked behind Bitcoin in the first week of 2018 but lost that position soon after. This happened years before the SEC filed a lawsuit against Ripple in late 2020.

According to Stryzewski, with XRP wins in SEC lawsuitXRP is set to play a crucial role in global payment transactions. He highlighted Ripple, a major company that uses XRP for payment transactions, as having made great strides in blockchain technology and payment solutions.

In particular, he emphasized the launch of Ripple Its stable currency, RLUSD, Which happened last month. He also pointed to Ripple’s ongoing collaboration with financial giants to use XRP for internal transactions.

Stryzewski believes that 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 are incredible things coming out of this.” He told FOX Business.

Essentially, while XRP has faced challenges in the past that have affected its price, Stryzewski is confident in its long-term potential. XRP is trading at $2.43, which represents a significant improvement from the $0.50 range it was sold at over the past few years.

It is worth noting that Stryzewski’s statement to FOX Business News regarding XRP has sparked great excitement within the XRP army.

Stryzewski’s warning for investing in cryptocurrencies

While he advised viewers to consider XRP, Stryzewski also offered a cautious stance on cryptocurrency investments.

He reiterated the sentiment that cryptocurrency markets can feel speculative. However, he recommended that investors only invest what they are willing to lose, which is similar to spending money on the weekend.

According to Stryzewski, in the next three to five years, investors may see significant returns or simply lose a few days of discretionary spending. It’s a calculated risk but one with significant upside potential if handled thoughtfully, in his view.