XRP's value remains robust, it's free from speculative pressures. That's what one market expert claims.
Most digital assets have bubble traits, their value stability is uncertain. But XRP might be different.
Crypto enthusiast SMQKE weighed in recently. He highlighted XRP's durability.
SMQKE shared a document to back his claims. It stated: "Macroeconomic and financial developments did not significantly affect XRP's value. Bitcoin price changes didn't influence XRP."
The document also mentioned a study, that found bubbles in Bitcoin and Ethereum. Meanwhile XRP showed no bubble.
What's a speculative bubble? It's when prices are driven by hype, rather than by fundamental worth.
SMQKE dropped a bombshell. He said Bitcoin and Ethereum have been in a bubble since 2017. He blamed price manipulation and dodgy centralized strategies.
XRP's different, apparently. Its value isn't speculative, and SMQKE credits "technological security" for this.
What does this mean? XRP's price can't be hyped up like other cryptos. Its value comes from real-world use. Think cross-border transactions and institutional finance.
SMQKE's not done yet. He also claims Bitcoin and Ethereum aren't as decentralized as people think. This, he says, makes XRP even more solid.
But wait, there's more. Some analysts are bullish on XRP. Crypto expert Pharaoh predicts a 2017-style breakout this year.
Pharaoh's logic? It's all about Bitcoin halving. Eight months after the 2016 halving, XRP soared. He thinks history might repeat itself.
There's a catch, though. Pharaoh says XRP needs to clear its legal hurdles first, because Ripple's ongoing lawsuit with the SEC is a big deal.
If that gets sorted, Pharaoh's optimistic. He sees "tons of fundamental and technical momentum" for XRP in 2025.
So, is XRP really bubble-proof? Or is this just clever marketing? The jury's still out. But one thing's for sure – XRP's got people talking.