I've had good fortune converting some family and friends to use XMPP.
People always mention fragmentation, and while there is some truth to it, it can be massively minimised by choosing blessed clients and servers for them to use.
In my case, I run my own server, and thoroughly test the clients (especially the onboarding flow) that I expect them to use, so that any question they have, I can help them out with quickly. Since we're all on identically configured servers, it minimises one whole class of incompatibilities.
There is still unfortunately a bit of a usability gap compared to Signal - particularly on the iOS clients. But they have come a long way and are consistently improving.
As a note of caution, I used Oracle's free tier to run a personal Matrix server, and it got deleted without any advance warning after a few months. I migrated to another provider and haven't had any issues for 2+ years now.