Excitement ensues in the XRP saga as Shannon Thorp, a prominent expert from Wells Fargo, emerges with a groundbreaking prediction for Ripple’s token. Thorp’s forecast comes hot on the heels of a monumental court ruling in the Ripple vs SEC case, which has set the stage for a remarkable resurgence of XRP.
Thorp’s unique XRP forecast, tailored for a sufficiently liquid market, envisions an astonishing price range of $100 to $500 within a mere four to seven months. Such a price action could yield investors unprecedented profits, ranging from 14,200% to a jaw-dropping 71,400%, based on the current XRP price.
The renowned expert’s prediction is rooted in meticulous analysis, which raises critical questions about the prevailing models for forecasting XRP’s future. Thorp contends that existing models fail to consider external economic conditions that could drive XRP’s adoption and subsequent price surge.
Drawing a sobering comparison with the renowned international settlement system SWIFT, Thorp sheds light on the immense potential of XRP. Assuming Ripple captures 30% of SWIFT’s staggering $7 trillion daily processes, XRP’s everyday usage could skyrocket to an astonishing $2.1 trillion. However, potential hurdles emerge as banks may lack the liquidity strength to handle large transactions involving the digital asset, preventing broader adoption.
To arrive at her groundbreaking XRP forecast, Thorp meticulously examined several crucial factors, including global bank holdings, crypto exchange assets, burned XRP, and tokens allocated to banks, developers, and individual investors. Based on her estimations, Thorp believes that between 50 and 75 billion XRP could be available for liquidity, with each firm needing approximately 75 million XRP. This level of liquidity could pave the way for an impressive market strength ranging from $5 trillion to an astounding $25 trillion, ensuring that no single entity has to hold billions of assets.
The recent court ruling in the Ripple vs SEC case has sparked an incredible upswing in XRP’s price, underscoring the crypto community’s conviction in Ripple’s potential. The ruling declared that “XRP is not a security,” leading to a surge in trading price by 73%, catapulting from $0.46 to $0.81.
As Ripple regains momentum and the market sentiment grows optimistic, the next four to seven months promise an enthralling journey for XRP. With Shannon Thorp’s audacious forecast and the recent court triumph, the stage is set for XRP to redefine its place in the cryptocurrency landscape, potentially leaving a lasting impact on the financial sector as a whole. Investors and enthusiasts alike eagerly await the unfolding of this captivating narrative, as Ripple’s XRP aims to secure its position as a formidable force in the crypto realm and beyond.