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Flare Networks co-founder Hugo Philion reveals his assumptions about XRP’s post-legal resolution trajectory, raising debates over its use cases and future challenges. 
In a recent tweet, Hugo Philion, co-founder of Flare Networks (FLR), expressed his insights on the anticipated trajectory of XRP following the resolution of the legal case.&nbsp; 
“I have always assumed that XRP would sell off hard after the case ended,” &nbsp;Philion remarked. 
He elaborated on his assumption, noting that it was because&nbsp; <a class="editor-rtfLink" href="https://thecryptobasic.com/2023/08/03/ripple-partner-forges-new-alliance-to-elevate-cross-border-payouts-in-nepal/" target="_blank" rel="noopener noreferrer nofollow">cross-border transactions </a> were supposedly the primary use case for XRP. According to him, Ripple has predominantly been the key driver of the course. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 I have always assumed that XRP would sell off hard after the case ended. This is because the primary (but not only) usecase for XRP is (and has always been) cross border transactions and the primary force behind developing this market is still Ripple. Since late 2020, Ripple have… 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/HugoPhilion/status/1687841480470069248?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 5, 2023</a> 
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Furthermore, Philion claimed that the regulatory uncertainty surrounding Ripple’s operations hindered its ability to advance the cross-border payments market. 
Despite the&nbsp; <a class="editor-rtfLink" href="https://thecryptobasic.com/2023/07/14/court-rules-xrp-xrp-sales-by-executives-sales-on-exchanges-as-non-security/" target="_blank" rel="noopener noreferrer nofollow">recent regulatory clarity </a>&nbsp;Ripple obtained, he argued the company now faces a substantial setback of nearly years in its developmental endeavors.&nbsp; ... 
<a href="https://thecryptobasic.com/2023/08/07/flare-networks-founder-says-he-expected-massive-xrp-dump-after-lawsuit/" rel="noopener noreferrer nofollow">Read more</a>

Flare Networks Founder Says He Expected Massive XRP Dump After Lawsuit

TheCryptoBasic

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