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XRP’s Value Debate: Is Utility the Key in a Post-Security Era?

source-logo  coinedition.com 30 January 2024 09:20, UTC

The debate over the value of XRP has taken a new turn with financial expert Shannon Thorp challenging traditional market analysis methods. While many have relied on charts and historical trends to predict the future of XRP, Thorp argues that these methods are no longer adequate in the post-non-security era of XRP.

Thorp’s bold stance centers on the idea that XRP’s value is now intrinsically linked to its utility in various business sectors rather than mere speculation and market sentiment. She questions the dismissal of utility in the quantifiable approach to XRP, highlighting the inadequacy of relying solely on charts that fail to account for this critical factor.

Current charts for XRP UTILITY do not exist! In fact, what you are doing is a true injustice to the #XRPCommunity.

The premise of your argument is based solely on what “was” the speculative nature of XRP founded from market sentiment and buy/sell pressure. Do you know how… https://t.co/YjBvmWuvO8 pic.twitter.com/Ge1Gk2hsrk

— Shannon Thorp (@thorpshannon87) January 28, 2024

In a recent exchange with a renowned technical analyst called “JD,” Thorp challenged the assertion that charts alone can dictate XRP’s trajectory. She pointed out that XRP’s status as a non-security has fundamentally changed the game, shifting the focus from speculative trading patterns to the coin’s real-world applications.

So what's up w/this $100-500 in 7 months theory you posted last July 2023?

Saying charts dont work? We are literally still w/in my orange box posted months ago.. 🤔🧐🤦‍♂️🤦

Charts WINS over these NONSENSE🤦🤦‍♂️$XRP #XRParmy #XRPCommunity https://t.co/v9upVaYEtm

— JD 🇵🇭 (@jaydee_757) January 28, 2024

Thorp’s argument gains strength from her belief that XRP’s utility in the payment landscape is poised to make it more valuable. She contends that the cross-border payment market, projected to reach a staggering $250 trillion in the next three years, will drive XRP’s value higher. Thorp goes as far as to suggest that a $500 per XRP is an undervalued estimate given these circumstances.

The banking expert’s perspective challenges the status quo, emphasizing the need for a paradigm shift in assessing XRP’s worth. While traditional chart-based analyses may suffice for tokens like Bitcoin, Thorp argues that XRP’s unique characteristics require a different approach.

In the wake of the U.S. court’s declaration of XRP as a non-security, Thorp’s call for a transition from speculation to utility-driven valuation metrics is gaining traction. She contends that XRP’s true potential lies in its ability to solve real-world, multi-trillion-dollar problems in the payment industry.

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coinedition.com