- Rob Cunningham, host of the Kuwl Show, asserts that XRP’s utility remains resilient against financial pressures, comparing its value proposition to immutable principles like truth and mathematics.
- He highlights XRP’s potential to revolutionize global finance through reduced friction in payments and elimination of inefficiencies, despite recent market fluctuations.
Rob Cunningham, a researcher and host of the Kuwl Show, asserts that XRP’s inherent utility remains impervious to even the most significant financial attempts to undermine it.
In a recent post on X, Cunningham confidently stated that even an expenditure of $1 trillion could not diminish or invalidate XRP’s value proposition. He likened XRP’s unique advantages to immutable principles such as truth, law, and mathematics, which remain constant regardless of financial influence.
Cunningham elaborated on how XRP drastically reduces global payment friction, fraud, fees, and foreign exchange costs. Additionally, it addresses the inefficiencies of nostro/vostro accounts with its rapid 3-5 second settlement times.
The researcher emphasized that these features underscore XRP’s potential to revolutionize the global financial system, suggesting that external resistance can only have a limited impact on its utility.
XRP Liong Term Value Reflects In Its Robust Technology
Rob Cunningham asserts that no other financial system or digital asset can match the utility offered by XRP. He emphasized that XRP’s true value lies in its protocol and technology, predicting that as the market recognizes this value, XRP’s price will reflect it.
As of now, XRP is trading at $0.4311, a 0.33% decrease over the past day due to widespread bearish market pressure. The broader market sell-off has further pushed down the XRP price by 10% over the past week, reported Crypto News Flash.
Cunningham’s insights highlight the growing recognition of XRP as a transformative force in global finance. Financial institutions like Ripple use XRP to facilitate instantaneous, low-cost transactions for global firms.
Notably, institutions such as JPMorgan acknowledge XRP and Ripple’s potential to unlock the $120 billion value trapped in traditional cross-border payments.
Given the vast global payment market that XRP serves, commentators like Cunningham foresee a significant price increase. While conservative estimates place XRP’s future value between $5 and $10, some speculate it could reach as high as $10,000, although such a projection remains highly optimistic.
Ripple vs SEC
The impending $2 billion penalty imposed by the Securities and Exchange Commission (SEC) on Ripple Labs Inc. remains a focal point amid ongoing legal proceedings, per the CNF update. The SEC recently responded to Ripple’s Notice of Supplemental Authority, rebuffing Ripple’s comparison to a favorable ruling involving Binance.
According to defense lawyer James Filan’s update, the SEC filed its response following Ripple’s submission arguing against strict liability violations. Ripple drew parallels between its situation and a recent court decision favoring Binance, where the SEC’s claims regarding Binance Coin (BNB) as securities were dismissed, reported Crypto News Flash.
Ripple contends that this ruling could impact the application of the Howey Test in their own case involving XRP, potentially influencing the court’s determination regarding penalties, including the proposed $2 billion fine
