XRP Potential Goes Beyond The Charts, Look Further Than Recent Decline

Republished By Plato

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3 hours ago 2 mins read category : News

Black Swan Capitalist Founder says XRP’s intrinsic value transcends charts.
The CEO of Real Vision supports XRP’s true value despite recent decline.
XRP’s pivotal role in CBDC development is further emphasized by these experts.

Black Swan Capitalist founder, Versan Aljarrah, remains steadfast in his belief in the true value of XRP. Specifically, he asserts his opinion of XRP’s value having an intrinsic worth beyond charts.

Despite the recent decline to $0.7, Aljarrah is confident in XRP’s potential. In particular, he goes on to share a video by Raoul Pal, CEO of Real Vision, supporting his conviction that XRP holds more value than the current market price suggests.

Recently, XRP price went through a dip below $0.7 following Judge Analisa Torres’ ruling that it is not a security. Despite a brief surge to $0.85 after the favorable Ripple lawsuit ruling, XRP faced a downward trajectory.

Furthermore, the volatility in Bitcoin’s price impacted XRP. In turn, leading to a drop to $0.67 before settling at $0.68, marking a 6% decrease in the past 24 hours. Pal emphasizes that XRP’s value goes beyond speculation.

He highlights how this is evident from its temporary delisting from US-based exchanges like Coinbase and Kraken during the SEC’s lawsuit against Ripple. A significant volume of XRP transactions reflects its utility and importance within the XRP Ledger (XRPL).

Regarding the Ripple lawsuit conclusion, Pal speculates a potential significant boost in XRP’s value. While Judge Analisa Torres ruled in favor of Ripple, there is speculation that the SEC may appeal the decision, which could impact XRP’s trajectory.

Pal also highlights the pivotal role of the XRP Ledger (XRPL) in central bank digital currencies (CBDCs) development. As the world moves towards adopting CBDCs, XRPL is poised to play a central position in this transformative shift.

Ripple’s partnerships with central banks, such as the Central Bank of Montenegro, further its involvement in CBDC initiatives. To strengthen its position in this domain, Ripple unveiled a platform allowing central banks, financial institutions, and governments to create their blockchain-based digital currencies powered by XRPL.

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