A prominent XRP community member, UnknowDLT, has argued that traditional technical analysis is ineffective in predicting XRP's price within a utility-driven market. He highlighted that XRP's value is more closely linked to its function in global financial systems, particularly in cross-border payments, rather than speculative market trends. UnknowDLT also shared a long-term vision of a 70-year blockchain-based financial transformation, positioning XRP as a key player.
Despite this perspective, some XRP enthusiasts, including Tyler Bolli, maintain that technical analysis remains valuable for short-term trading strategies. This ongoing debate reflects differing views on the role of technical analysis in the evolving cryptocurrency landscape.
XRP Analyst Challenges Technical Analysis in Utility-Driven Market
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