Rob Cunningham, the affable host of the Kuwl Show, maintains that XRP’s intrinsic utility remains steadfast against financial pressures, drawing parallels between its value proposition and immutable principles like truth and mathematics.
He underscores XRP’s potential to revolutionize global finance by reducing payment friction and eliminating inefficiencies, undeterred by recent market fluctuations.
In a recent statement, Cunningham boldly declared that not even a $1 trillion expenditure could diminish or invalidate XRP’s value proposition. He likened XRP’s unique advantages to timeless principles such as truth, law, and mathematics, which endure despite financial volatility.
Cunningham elaborated on XRP’s ability to significantly reduce global payment friction, fraud, fees, and foreign exchange costs. He highlighted its swift settlement times of 3-5 seconds, which address inefficiencies associated with nostro/vostro accounts.
The researcher emphasized that these attributes highlight XRP’s potential to transform the global financial landscape, suggesting that external resistance would only minimally impact its utility.
Regarding XRP’s long-term value, Cunningham asserts that no other financial system or digital asset can rival the utility provided by XRP. He stressed that its genuine worth lies in its protocol and technology, predicting that as the market acknowledges this value, XRP’s price will reflect its true potential.
Presently, XRP is trading at $0.4311, reflecting a 0.33% decline over the past day amidst prevailing bearish market conditions. The broader market downturn has further pushed down XRP’s price by 10% over the past week, as reported by Crypto News Flash.
Cunningham’s insights underscore the growing acknowledgment of XRP as a transformative force in global finance. Institutions like Ripple utilize XRP to facilitate instant, cost-effective transactions for multinational corporations.
Significantly, institutions such as JPMorgan recognize the potential of XRP and Ripple in unlocking the $120 billion trapped in traditional cross-border payments.
Given the expansive global payment market that XRP serves, commentators like Cunningham anticipate a substantial price appreciation. While conservative estimates place XRP’s future value between $5 and $10, some speculate it could soar as high as $10,000, although such projections remain highly optimistic.
The ongoing legal battle between Ripple Labs Inc. and the Securities and Exchange Commission (SEC), particularly the impending $2 billion penalty, remains a pivotal issue. According to Crypto News Flash, the SEC recently responded to Ripple’s Notice of Supplemental Authority, rejecting Ripple’s comparison to a recent favorable ruling involving Binance.
Legal experts, including James Filan, noted the SEC’s response following Ripple’s argument against strict liability violations. Ripple drew parallels between its case and a court decision favoring Binance, where the SEC’s claims regarding Binance Coin (BNB) as securities were dismissed.
Ripple argues that this ruling could influence the application of the Howey Test in their own case involving XRP, potentially impacting the court’s decision on penalties, including the proposed $2 billion fine.
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