Continuation of x.com/thorpshannon87… There has been some chatter on X as it relates to the price prediction I made and its timeframe. In a later post I will address the timeframe in greater detail. Let's take a look at the price qualitatively rather than a quantitative view. I want to look at how value will be derived, it has been stated there will be a “flip of the switch” moment and utility will drive $XRP price. Let’s just pump the brakes for a moment! Let’s talk “utility”. Say you have 2 banks and both are going to utilize their own XRP. Hypothetically, if bank 1 starts to utilize its XRP it will by default engage in “Utility” thus by our definition causing the price to go up. Since the value of XRP plays a role in LS (Liquidity Strength) Bank 2 is thus rewarded with a higher evaluation which directly impacts the amount of XRP needed for transactions. This model of growth would be indicative of steady growth upwards. Though this model is positive it relies on the efforts of business for growth. Remember, the higher the price of XRP the fewer tokens needed to facilitate transactions. I am going to go out on a limb here and state the creators/founders of XRP did not have it planned to rely on the efforts of others to drive price. Meaning, they had no intention that XRP’s value would come from everyday people buying XRP. Additionally, (so getting some hate for this one) I highly doubt that these high-level executives thought that XRP’s value should come from what #Bitcoin is doing. Bitcoin is a representation of a token with no utility, rather speculative value. Thus, due to that lack of utility, BTC is more volatile as its market is supported by ONLY retail investors. Its price moves with the retail market causing buy-sell pressure. It is this buy-sell pressure that Chart Analyst track and why they can’t see a higher evaluation for XRP. I want to direct your attention to this Federal Reserve link. federalreserve.gov/financial-stab… Take a look at some of these entities, if you have been in this space for some time, you have probably come across them before. I am sure many of you know who sits on these various Financial Stability Boards and we all know Ripple has spoken to every one of them in some capacity. If XRP is truly to do what Ripple set out for it to do, price will not come from speculation or a meme token, rather these various groups that represent the global economy and are promoting financial stability. In a Ripple New Value report for 2023 it stated: “The vast majority of global finance decision makers (upwards of 88%) believe that crypto and blockchain will have either a significant or massive impact on business finance, and society over the next three years.” The report goes on to say that “Over half of the global respondents cite already having a cryptocurrency solution in place at their company or are in the process of implementing one.” Now if you Google how many countries there are in the world you get 195, the World Bank represents 189 of those countries. IF, @Ripple is referencing the “global finance decision makers” from those various countries and they state that over HALF have a cryptocurrency solution in place, entities like the World Bank, #IMF, #BIS, and the Federal Reserve System have a set price for XRP! The use case for XRP will continue to grow as it will represent economic freedom and stability across the globe. It is my belief there would be too much volatility if XRP went up gradually. That is why a “Flip of the switch” will happen and it won’t be by Ripple! So, to recap XRP will not rely on the efforts of others, utility will not be the driving factor to XRP’s price and XRP is NOT tied to the success of Bitcoin! It is tied to the economic needs of the world’s financial system and will be systemically vital to how we transact and represent value going forward. Again, these are MY opinions only and are based on the research I have done! #DYOR Link to Ripple's 2023 New Value Report: x.com/ripple/status/… #Ripple #TheWorldBank #xrpisnotasecurity
