Wall Street Expert Says $100 XRP Price Prediction Has Expired, What Does This Mean?
07 Mars 2024 - 11:00PM
NEWSBTC
Wall Street veteran Shannon Thorp has publicly admitted that her
earlier bullish price projections for the XRP price have expired.
The forecast, which had previously been a source of speculation and
expectation within the XRP community, has fallen short of
realization, leading market observers to further reflect on XRP’s
price dynamics. XRP Price Prediction Falls Flat On
Friday, March 1, Thorp took to X (formerly Twitter) to announce
that her earlier ambitious forecast of XRP had come to an end. The
Wall Street veteran acknowledged that her predictions had fallen
flat, describing the unfortunate outcome as a “bittersweet”
situation. Related Reading: Why Did Bitcoin Price Crash 10% After
Reaching $69,000 All-Time High? Previously, in July 2023, Thorp had
made a bold prediction of XRP, projecting that the price of the
cryptocurrency would surge between $100 to $500 in four to seven
months. The Wall Street expert had provided critical analysis and
statistics to back her projections, highlighting XRP’s potential
for gaining more liquidity strength and achieving widespread
adoption in the financial sector. Now in March 2024, almost
seven months after Thorp’s price prediction and analysis, XRP has
failed to attain the projected $100 price mark. At the time of
writing, the cryptocurrency is trading below $1 at $0.62, according
to CoinMarketCap. Since last year, the price of XRP has
struggled to keep up with the market’s bullish trends and has been
consolidating around the price of $0.50 for months. However,
recently, the cryptocurrency witnessed a surge in its value after
breaking through crucial resistance levels around the $0.6 price
mark. The unexpected price gain has heightened anticipation for a
significant price movement, suggesting a potential uptrend during
this bullish period. Wall Street Expert Remains Optimistic After
acknowledging the unmet $100 XRP price prediction, Thorp
highlighted XRP’s accomplishments, underscoring the
cryptocurrency’s resilience in overcoming challenges that could
have severely disrupted other digital currencies under similar
circumstances. Related Reading: Analyst Predicts Massive
Rally For Dogecoin Price With A $1 Target, Here’s How According to
the Wall Street veteran, XRP has shown its immense potential by
enduring an extensive lawsuit filed by the United States Securities
and Exchange Commission (SEC). She revealed that XRP has continued
to prevail, holding its title as one of the top 10 cryptocurrencies
despite facing multiple adversaries and regulatory hurdles during
its developmental and advancement stages. “Are we really to
believe that XRP will fail? Well, I refuse to believe that because
still to this day, I know what I hold,” Thorp stated. Despite
her predictions not coming to fruition, the Wall Street veteran has
remained optimistic about XRP’s prospects, staying consistent with
her support for the cryptocurrency and its development team. XRP at
$0.62 | Source: XRPUSDT on Tradingview.com Featured image from
Crypto News, chart from Tradingview.com
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