NewsBTC
2024-03-07 22:00:42

Wall Street Expert Says $100 XRP Price Prediction Has Expired, What Does This Mean?

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

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.