This is an interesting, fundamental question! You most propably have read this compact writing from Baez. Which take's the step closer to more generel case; $p$ and $q$;
The reason is this: by the Stone-von Neumann uniqueness theorem, any pair of operators satisfying the canonical commutation relations [H,T] = i ℏ can only be a slightly disguised version of the familiar operators p and q. These operators p and q are unbounded below - i.e., their spectra extend all the way down to negative infinity. But a physically realistic Hamiltonian must be bounded below!
This physical reality actually should just be accepted; The realistic physics is bounded from below. The linked wiki-page related to the Stone-von Neumann phrases this;
the left-hand side is zero, the right-hand side is non-zero. Further analysis2 shows that, in fact, any two self-adjoint operators satisfying the above commutation relation cannot be both bounded. For notational convenience, the nonvanishing square root of ℏ may be absorbed into the normalization of $p$ and $x$, so that, effectively, it is replaced by 1.
It should also not be forgotten that this $px=1$ is describing a vector which has a wave character, and these $p$ and $x$ are thus Conjugate variables, also pairs of variables mathematically defined in such a way that they become Fourier transform duals.
So the $p$ is describing a momentum of a wave, while $x$ is describing the position of that same wave. Now, measuring a position of a wave is impossible, if the exact timing of the cycle is not defined. This is the "uncertainty principle". For impulse, the whole cycle must be measured, which makes impossible to measure some timing of that cycle, leaving position "undefined" within this cycle.
Further, it can be noted that though $xp \not= px$ is also purely a character of matrix calculations of these both vectors, and thus basically $xp=-px$ where this minus simply means an opposite direction. This further concludes that the Canonical commutation relation $xp-px=i \hbar=1$ must mean that a one full cycle is described from one single point heading on opposite directions.
So this all just concludes that this Realistic physic is (must be) bounded below. I have approached this idea with this question. And I agree with the original Question, that this provides insights to Quantum Gravity, though they might be quite different than expected today, as it turns out that the very first idea of Gravity might have been correct.
So, to conclude your Question; I consider the Uncertainty principle not only works well when bounded, it also defines that these bounds must exist. I don't have link for proper references, but here is more of my own original ideas about this.