Q: Given what seems to be a market bent on devouring risk assets what are your thought on XRP? I keep a small portion of our portfolio for moon shots and just place a small limit order.
5i Research Answer:
We have a few thoughts on XRP (Ripple) here.
Momentum for digital assets in general has been strong recently, and XRP is nearing an all-time high. It is possible that XRP could rise in price supported by a better regulatory environment and risk-on appetite, but there are a few other high-quality digital assets that we would prefer in the space, most notably BTC, ETH, SOL, and some crypto-related equities.