đ„ Retired XRP Maxi Says XRP Not Meant to be Cheap
The community pundit argued that XRPâs fundamental value propositions are still much at play and have not changed. As a result, Jenna expressed her firm belief that XRP is not supposed to linger at the cheap trading range below $1.
đž XRP Fundamentals Warranting High Price Outlook
Notably, the XRP fundamentals Jenna referred to involve the assetâs use case in the financial industry. XRP enables multinational corporations to transfer funds quickly, inexpensively, and with significant transparency.
For instance, after Tranglo adopted Rippleâs XRP-based payment solution, the company saw a remarkable increase in transaction volume. It processed approximately 1,800% more in 2022, jumping $53 million from the previous year to $970 million.
Community figure Shannon Thorp has previously used similar arguments regarding XRPâs fundamentals to claim that XRP cannot remain cheap in the long run. In her analysis, Thorp even suggested that retail users will eventually be priced out.
đž How High Will XRP Go?
In subsequent analysis, Thorp argued that, given XRPâs strong use case in the payment industry, the ideal target for the asset is to be valued between $100 and $500. She cited the expectation that the cross-border payment market will be worth $250 trillion in the coming years.
Notably, her bold projection attracted significant attention from the crypto community as the banker set a timeline for XRP to trade between $100 and $500. However, this projection has not been fulfilled, and the financial expert has acknowledged the mistaken estimation.
Meanwhile, in her recent statement, Jenna did not provide a specific outlook for XRP, even though she anticipates its value will not remain low. At press time, XRP is trading at $0.5689, having lost over 18% of its value over the past year.
Notably, community members reacting to Jennaâs sentiment expressed disagreement. Some argued that XRP would continue to remain cheap, even in this bull market.
