Former XRP Enthusiast Insists XRP Not Meant to Be Cheap
Renowned YouTuber Jenna X, a former XRP enthusiast, recently expressed optimism regarding the future of XRP, highlighting the cryptocurrency’s fundamental value propositions. She emphasized that XRP’s core strengths in revolutionizing cross-border payments and enabling quick, cost-effective, and transparent fund transfers for multinational corporations should not be overlooked. Jenna firmly believes that XRP’s trading value, currently below $1, does not align with its inherent potential.
Factors that Can Surge XRP Price
She referenced the successful adoption of Ripple’s XRP-based payment solution by Tranglo, which substantially increased transaction volume. This example demonstrates the real-world impact of XRP’s utility in the financial industry.
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In a parallel discourse, community figure Shannon Thorp has also advocated for a higher valuation for XRP based on its strong fundamentals. Thorp’s analysis considers a potential future valuation of XRP between $100 and $500, buoyed by the anticipated growth of the cross-border payment market, estimated to reach $250 trillion in the coming years.
Future Outlook
Despite this bullish outlook, XRP is currently trading at $0.5689, showing an 18% decrease in value over the past year. Jenna’s positive sentiment about XRP’s potential received mixed reactions within the community, with some expressing skepticism about its ability to rise significantly in the current market.
However, XRP has demonstrated improved performance in recent months, with a notable 70% increase in value from $0.38 to $0.65 in July. Analysts suggest that reclaiming the $0.93 price point could serve as a catalyst for further growth, potentially reaching values up to $10.
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