Coin Edition -
- Shannon Thorp challenges traditional chart-based analysis, emphasizing the importance of XRP’s utility in determining its value.
- XRP’s shift from speculation to real-world applications post-non-security status prompts a paradigm shift in valuation.
- Thorp’s bold projection of a $500 per XRP underscores the potential impact of the cross-border payment market’s growth.
The debate over the value of XRP has taken a new turn with financial expert Shannon Thorp challenging traditional market analysis methods. While many have relied on charts and historical trends to predict the future of XRP, Thorp argues that these methods are no longer adequate in the post-non-security era of XRP.
Thorp’s bold stance centers on the idea that XRP’s value is now intrinsically linked to its utility in various business sectors rather than mere speculation and market sentiment. She questions the dismissal of utility in the quantifiable approach to XRP, highlighting the inadequacy of relying solely on charts that fail to account for this critical factor.
Current charts for XRP UTILITY do not exist! In fact, what you are doing is a true injustice to the #XRPCommunity. The premise of your argument is based solely on what “was” the speculative nature of XRP founded from market sentiment and buy/sell pressure. Do you know how… https://t.co/YjBvmWuvO8 pic.twitter.com/Ge1Gk2hsrk— Shannon Thorp (@thorpshannon87) January 28, 2024
In a recent exchange with a renowned technical analyst called “JD,” Thorp challenged the assertion that charts alone can dictate XRP’s trajectory. She pointed out that XRP’s status as a non-security has fundamentally changed the game, shifting the focus from speculative trading patterns to the coin’s real-world applications.
So what's up w/this $100-500 in 7 months theory you posted last July 2023? Saying charts dont work? We are literally still w/in my orange box posted months ago..