Rob Cunningham, the charismatic host of the Kuwl Show, maintains that XRP’s functionality remains steadfast in the face of financial challenges, drawing parallels between its value proposition and enduring principles such as truth and mathematics.
Pointing out XRP’s capacity to transform global finance by streamlining payment processes and eradicating inefficiencies, Cunningham remains undeterred by recent market fluctuations.
In a recent discourse on X, Cunningham confidently asserted that not even an expenditure of $1 trillion could diminish or invalidate XRP’s inherent value proposition. He likened the unique advantages of XRP to unchanging principles like truth, law, and mathematics, emphasizing their resilience to financial influences.
Highlighting how XRP significantly reduces global payment friction, fraud, fees, and foreign exchange costs, Cunningham also addressed the inefficiencies of nostro/vostro accounts by showcasing its rapid settlement times of 3-5 seconds.
The distinguished researcher underscored how these attributes signal XRP’s potential to revolutionize the global financial landscape, suggesting that external resistance can only marginally influence its utility.
XRP’s Long-term Value Demonstrated Through Its Robust Technology
Rob Cunningham asserts that no other financial system or digital asset can rival the utility provided by XRP. He stressed that the true value of XRP lies in its protocol and technology, prophesying that as the market acknowledges this value, XRP’s pricing will mirror it.
Presently, XRP is trading at $0.4311, marking a 0.33% decrease over the last day due to prevailing bearish market pressures. The wider market sell-off has further depressed XRP prices by 10% over the past week, as per Crypto News Flash reports.
Cunningham’s insights illuminate the increasing recognition of XRP as a transformative catalyst in global finance. Financial institutions such as Ripple leverage XRP to facilitate swift, cost-effective transactions for multinational corporations.
Renowned institutions like JPMorgan recognize the potential of XRP and Ripple in unlocking the $120 billion value confined in traditional cross-border payments.
Given the expansive global payment landscape that XRP caters to, pundits like Cunningham envision a substantial price surge. While conservative estimates place XRP’s future value between $5 and $10, some speculate it could soar as high as $10,000, albeit such projections carry an air of optimism.
Ripple vs. SEC
The looming $2 billion penalty imposed by the Securities and Exchange Commission (SEC) on Ripple Labs Inc. remains a focal point amidst ongoing legal proceedings, according to the latest CNF report. The SEC recently countered Ripple’s Notice of Supplemental Authority, dismissing Ripple’s analogy to a favorable ruling involving Binance.
As per defense attorney James Filan’s update, the SEC responded following Ripple’s submission challenging strict liability violations. Ripple drew parallels between its case and a recent favorable court ruling concerning Binance, where the SEC’s claims regarding Binance Coin (BNB) as securities were rejected, Crypto News Flash reported.
Ripple contends that this ruling could influence the interpretation of the Howey Test in its own XRP case, potentially impacting the court’s decisions on penalties, including the proposed $2 billion fine.