Jenna X, a renowned YouTuber and retired XRP maxi, recently expressed her conviction that XRP is not meant to remain at low prices.
She emphasized that XRP’s fundamental value propositions, particularly its use case in the financial industry, warrant a higher price outlook.
This sentiment is shared by other community figures, who argue that XRP’s unique features and applications make it an attractive asset for investors.
XRP’s Use Case in Cross-Border Payments
XRP enables multinational corporations to transfer funds quickly, inexpensively, and with transparency. The adoption of Ripple’s XRP-based payment solution by Tranglo, for instance, resulted in a remarkable increase in transaction volume.
This demonstrates the potential for XRP to revolutionize the cross-border payment market, which is expected to be worth $250 trillion in the coming years. As more institutions adopt XRP for their payment needs, its value could increase.
Shannon Thorp, a community figure, also highlighted XRP’s strong use case in the payment industry, suggesting that the ideal target for the asset is to be valued between $100 and $500.
Although her bold projection has not been fulfilled, it underscores the potential for XRP to increase in value. Jenna X, however, did not provide a specific price outlook but expressed her belief that XRP’s value will not remain low. Other analysts expect XRP to recapture its previous highs, with some predicting a price point of up to $10.
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Current Market Performance and Community Sentiment
At press time, XRP is trading at $0.5651. It has lost almost 18% of its value over the past year. However, XRP has improved performance since last month, with its value increasing by over 70% from $0.38 to $0.65 in July.
This surge in price has renewed optimism among investors, who believe that XRP is positioned for further growth. Community members reacting to Jenna’s sentiment expressed disagreement, with some arguing that XRP would remain cheap due to its lagging performance behind rivals in the first quarter of the year.
XRP’s fundamental value propositions, particularly its use case in cross-border payments, suggest that it is not meant to remain at low prices.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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