Crypto
XRP Study Resurfaces Amid US-Iran Conflict
A recent study on Ripple's XRP has resurfaced in light of the escalating US-Iran conflict. The report, from 2021, explores the potential of XRP for cross-border payments and its use as a settlement mechanism.
The research was conducted by an Iranian academic institution and approaches the topic with a quantitative analysis using models such as the Hidden Markov Model (HMM) and the Heston stochastic volatility model. The study also includes '95% VaR and CVaR' to analyze potential downside risk.
The report examines three RippleNet corridors: USD/MXN, EUR/NGN, and JPY/KRW. Additionally, it incorporates '3σ jump detection' to identify large XRP price jumps in extreme market situations.