"Wow that's a lot, but John Deaton has bought all that crypto?"
Several analysts and cryptocurrency experts believe that the digital asset market will see a significant rise in 2024 following the Bitcoin (BTC) halving event and the possible approval of the spot BTC ETF in the United States (US).
That streak, John Deaton who is a pro-Ripple (XRP) lawyer has listed the top 10 cryptocurrencies that investors should focus on, among them BTC, Ethereum (ETH) and XRP.
Deaton's remaining recommendations are Quant (QNT), Render Network (RNDR), Solana (SOL), Kaspa (KAS), Avalanche (AVAX), Hedera (HBAR), and Casper (CSPR).
Even so, some individuals commenting under his post have argued that Cardano (ADA) and the SOL memecoin called BONK should also be added to an investor's portfolio.
Like to be informed that the momentum of XRP's rise may be triggered if there are certain factors that can push its price higher, for example the full resolution of the legal battle against the Securities and Exchange Commission (SEC).
Other regulatory developments such as the possible approval of a spot BTC ETF in the US could also contribute to the price increase for XRP in 2024, so investors should always be prepared for any eventuality.
Looking at the price chart, XRP needs to maintain its position above $0.61 to continue its rise up to $0.68 and it may try once again to break $0.73, but if it fails then the digital asset can fall back to $0.50.
As of this writing, XRP price has surged by 4.18% to $0.61 in the last 24 hours with the $32 billion market cap still recording a 5.35% decline over the past week.
