• Written by: Abdulkarim Abdulwahab
  • Mon, 07 Aug 2023
  •   United States

Flare Networks co-founder Hugo Philion reveals his assumptions about XRP’s post-legal resolution trajectory, raising debates over its use cases and future challenges. In a recent tweet, Hugo Philion, co-founder of Flare Networks (FLR), expressed his insights on the anticipated trajectory of XRP following the resolution of the legal case.  “I have always assumed that XRP […] The post Flare Networks Founder Says He Expected Massive XRP Dump After Lawsuit first appeared on The Crypto Basic.

Flare Networks Founder Says He Expected Massive XRP Dump After Lawsuit

Flare Networks co-founder Hugo Philion reveals his assumptions about XRP’s post-legal resolution trajectory, raising debates over its use cases and future challenges.

In a recent tweet, Hugo Philion, co-founder of Flare Networks (FLR), expressed his insights on the anticipated trajectory of XRP following the resolution of the legal case. 

“I have always assumed that XRP would sell off hard after the case ended,”  Philion remarked.

He elaborated on his assumption, noting that it was because  cross-border transactions were supposedly the primary use case for XRP. According to him, Ripple has predominantly been the key driver of the course.

Furthermore, Philion claimed that the regulatory uncertainty surrounding Ripple’s operations hindered its ability to advance the cross-border payments market.

Despite the  recent regulatory clarity  Ripple obtained, he argued the company now faces a substantial setback of nearly years in its developmental endeavors. 

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