Expert Says No Technical Analysis Can Predict XRP Price in a Utility Market

A well-known figure in the XRP community, UnknowDLT, recently shared his views on the future of XRP in the growing financial scene.

“Technical Analysis Doesn’t Work for XRP”

UnknowDLT believes that the price of XRP does not follow the same market forces as other cryptocurrencies. Instead, he argues that its value is tied to its role in global finance.

Holding XRP, he suggests, is about positioning oneself for long-term change in how money moves across borders and economies.

XRP as the Future of Global Finance

He believes XRP will play a central role in creating a more efficient and cost-effective financial system, especially for cross-border payments and remittances.

Ripple has already partnered with several banks and financial institutions to improve global transactions. Prominent names include Santander, Japan’s SBI, Onafriq, and Tranglo.

When asked about the future of the financial system beyond his 70-year outlook, UnknowDLT acknowledged that we may not witness the full impact in our lifetimes. However, he sees owning XRP as an investment in a long-term vision that will unfold over decades alongside advances in technology, such as quantum computing and new consensus mechanisms.

TA to Know When to Take Profits, Then Reinvest

Even though UnknowDLT dismisses the role of technical analysis in predicting XRP’s long-term potential, some in the XRP community believe it still has merit for short-term price movements.

He added that those who are already wealthy can ignore XRP technical analysis, as they can choose to hold for the long term.

In other words, this approach encourages a more practical investment strategy of balancing short-term actions with long-term goals.