Wall Street Veteran Identifies Altcoin Value: XRP, ALGO, and XLM at Discount

Respected Wall Street figure Linda P. Jones has shared her optimistic outlook on select altcoins, suggesting that XRP, Algorand (ALGO), and Stellar (XLM) are currently trading at significant discounts.

Timeline of Stellar, Xrp

BIT, a leading cryptocurrency exchange specializing in options trading, has unveiled its latest offering—options trading for XRP, the native token of the decentralized XRP Ledger (XRPL). XRP now joins the ranks of BTC, ETH, ADA, TON, and LADYS as the sixth token available for options trading on the BIT platform.

In a surprising move, Ripple CEO Brad Garlinghouse and executive director Chris Larsen have intensified the ongoing legal battle with the Securities and Exchange Commission (SEC) by filing a strong opposition to the regulator's request for an interlocutory appeal.

Story Highlights XLM's price could reach a maximum of $0.186 by the end of 2023. Stellar price could cross the $1 mark with a potential high of $1.289 by the end of 2030. The current price of Stellar is .

Ripple Labs has responded to the Security and Exchange Commission's filing of an interlocutory review of the court ruling in July. The legal team claims that no “extraordinary circumstance” exists to warrant an appeal.

Blockchain-based payment network Stellar has introduced the open-source “Stellar Disbursement Platform,” aimed at facilitating faster, cost-effective, and transparent digital disbursements worldwide. Developed by the Stellar Development Foundation (SDF) over the past year, the platform enables individuals and organizations to execute bulk disbursements using digital assets for various purposes, including gig worker payments and digital aid delivery.

Ripple submitted a filing on Aug. 16 expressing opposition to an interlocutory appeal expected from the U.S. Securities and Exchange Commission (SEC). The SEC accused Ripple and two of its members in December 2020 of breaking security regulations through the sale of the XRP token.

Popular Wall Street executive Linda P. Jones has recently revealed she believes that several altcoins, including $XRP, Algorand ($ALGO) and Stellar ($XLM) are trading at a “deep discount,” and told her followers she believes they could move up higher over the next two years.

In a move that is anticipated by keen observers in the digital currency ecosystem, blockchain payments firm Ripple Labs Inc has filed its opposition to the anticipated motion for leave to file an interlocutory appeal submitted earlier by the United States Securities and Exchange Commission (SEC) in the duo's ongoing legal brawl. #XRPCommunity #SECGov v.

In the weekly time frame chart, the XRP price shows the formation of a cup and handle pattern. The chart setup often spotted at the bottom indicates a high probability of bullish reversal.

Some members of the XRP army shared the announcement by an influencer who teased the addition of XRP cryptocurrency to the list of coins supported by PayPal. However, fact-checkers failed to find proof of this listing.