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<ul> 
 <li>Thorp questions XRP’s price reliance on utility, emphasizing qualitative assessment.</li> 
 <li>XRP’s growth relies on business efforts, not speculation, unlike Bitcoin.</li> 
 <li>XRP’s future value is tied to adoption by major financial entities, signaling a bullish outlook.</li> 
</ul> 
<p>Financial expert Shannon Thorp predicts that XRP’s value will be primarily influenced by major financial groups, diverging from the conventional emphasis on utility metrics. Thorp’s insights challenge the prevailing belief that utility alone will be the driving factor behind XRP’s price.</p> 
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   <p lang="en" dir="ltr">Continuation of <a href="https://t.co/1BD2B2cw6S" rel="noopener noreferrer nofollow">https://t.co/1BD2B2cw6S</a><br><br>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.…</p>— Shannon Thorp (@thorpshannon87) <a href="https://twitter.com/thorpshannon87/status/1699481528869208528?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 6, 2023</a> 
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<p>Thorp stressed moving beyond numbers and exploring deeper dynamics. She posed a scenario with two banks using XRP for payments, challenging the common belief that increased utility equals a price surge.</p> 
<p>She believes XRP’s value growth relies more on business efforts than utility alone, distinguishing it from Bitcoin’s speculative price fluctuations, which are often linked to retail investor sentiment.&nbsp;</p> 
<p>Moreover, Thorp firmly rejected the notion that XRP’s destiny should be intertwined with Bitcoin’s performance. She pointed to Bitcoin’s lack of utility and its primary reliance on speculative value, in stark contrast to XRP’s potential.</p> 
<p>Rather than utility, Thorp redirected attention to Ripple’s extensive involvement with major financial organizations worldwide, implying that XRP’s value would be significantly impacted by influential financial groups that represent the backbone of the global economy.&nbsp;</p> 
<p>In Thorp’s vision, if Ripple’s activities involve the organizations cited in a recent <a href="https://www.federalreserve.gov/financial-stability/cooperation-on-financial-stability.htm" rel="noopener noreferrer nofollow">industry report</a>, such as the World Bank, the International Monetary Fund (IMF), and the Federal Reserve System, this could pave the way for a positive outlook for XRP. This development would further establish XRP as a symbol of global economic freedom and stability.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/banking-expert-foresees-rising-xrp-prices-retail-investors-warned/" rel="noopener noreferrer nofollow">Banking Expert Foresees Rising XRP Prices, Retail Investors Warned</a></li> 
 <li><a href="https://cryptonewsland.com/ripple-ceo-says-coins-without-utility-will-disappear/" rel="noopener noreferrer nofollow">Ripple CEO Says Coins Without Utility Will Disappear</a></li> 
 <li><a href="https://cryptonewsland.com/ethereum-is-driven-by-utility-and-functionality/" rel="noopener noreferrer nofollow">Ethereum Is Driven by Utility and Functionality</a></li> 
 <li><a href="https://cryptonewsland.com/xrp-unleashing-trillions/" rel="noopener noreferrer nofollow">XRP Unleashing Trillions: Tokenizing Value Beyond Limits</a></li> 
 <li><a href="https://cryptonewsland.com/algo-bullish-on-projects-that-deliver-real-world-utilities/" rel="noopener noreferrer nofollow">ALGO Bullish on Projects That Deliver Real-World Utilities</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/expert-claims-financial-groups-will-drive-xrp-price-not-utility/">Expert Claims Financial Groups Will Drive XRP Price, Not Utility</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Expert Claims Financial Groups Will Drive XRP Price, Not Utility

Crypto News Land

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