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Rob Cunningham, a researcher and host of the Kuwl Show, boldly asserts that the inherent utility of XRP is immune to any enormous external financial attempts to undermine it.
XRP Utility Immune to External Forces
In a recent post on X, Cunningham voiced the audacious sentiment that expending as much as $1 trillion cannot negate or invalidate the value proposition of XRP. According to him, XRP’s unique value propositions are akin to fundamental principles like truth, law, and mathematics that cannot change by even the largest financial sums.
Cunningham explained that XRP significantly reduces global payment friction, fraud, fees, and foreign exchange costs. In addition to solving these, it addresses the inefficiencies of nostro/vostro accounts with its rapid 3-5 second settlement times.
The researcher believes these features highlight XRP’s ability to revolutionize the global financial system, but resistant forces can only do so much about it.
XRP’s Robust Technology Will Drive Long-term Value
Cunningham says no other financial system or digital asset comes close to matching the level of utility offered by XRP. He stressed that the true value of XRP lies in its protocol and technology. According to him, as the market recognizes this value, XRP’s price is expected to follow suit.
At press time, XRP trades at $0.3911, down by 12.54% over the past day amid the market-wide bearish pressure.
Even if one were to spend $1 Trillion, it can’t negate or invalidate Truth, Law or Math. Law is Law, Utility is Utility. Period. #XRP radically reduces global payment “friction”, fraud, fees, Fx fat, & nostro/vostro “dead money” opportunity costs with 3-5 second settlement.…
— Rob Cunningham | KUWL.show (@KuwlShow) July 5, 2024
Cunningham’s insights reinforce the growing recognition of XRP as a transformative force in global finance. Prominent financial institutions like Ripple leverage XRP to accelerate the ease of doing business for global firms, providing instantaneous transactions at reduced costs.
Financial institutions like JPMorgan have recognized XRP and Ripple as significant players in unlocking the $120 billion value trapped in cross-border payments under the traditional system.
Considering the size of the global payment market that XRP serves, ambitious commentators like Cunningham do not see the asset remaining as low-priced as it is today.
More conservative voices hope for a value between $5 and $10. Meanwhile, some others anticipate a future where XRP could be worth as much as $10,000, even though such a prospect is unlikely.