Wall Street veteran Shannon Thorp has previously admitted this publicly bullish price projections for the XRP price has expired. The prediction, which was previously a source of speculation and expectation within the XRP community, has not been realized, prompting market observers to move on. reflect on the price dynamics of XRP.
XRP Price Prediction Falls Flat
On Friday, March 1, Thorp took to X (formerly Twitter). to announce that her previous ambitious prediction of XRP had come to an end. The Wall Street veteran acknowledged that her predictions had fell flatin which the unfortunate outcome is described as a “bittersweet” situation.
Previously, in July 2023, Thorp had done the same made a bold prediction of XRP, predicting that the cryptocurrency’s price would rise between $100 and $500 in four to seven months. The Wall Street expert had provided critical analysis and statistics to support her forecasts The potential of XRP to gain greater liquidity power and achieve widespread acceptance in the financial sector.
Now, in March 2024, almost seven months after Thorp’s price forecast and analysis, XRP did not reach the expected price of $100. At the time of writing, the cryptocurrency is trade under $1 according to CoinMarketCap for $0.62.
Since last year the price of XRP has struggled to keep up with the market’s bullish trends and has been consolidating around the $0.50 price for months. However, recently the cryptocurrency witnessed one increase in its value after breaking crucial resistance levels around the $0.6 price. The unexpected price increase has increased expectations for a significant price movement, indicating that potential upward trend during this bullish period.
Wall Street expert remains optimistic
After recognizing the unfulfilled $100 XRP price prediction, Thorp highlighted XRP’s performance, underscoring the cryptocurrency’s resilience in overcoming challenges that could have seriously disrupted other digital currencies under similar circumstances.
According to the Wall Street veteran, XRP has shown its enormous potential by enduring a long history extensive lawsuit filed by the U.S. Securities and Exchange Commission (SEC). She revealed that XRP continues to prevail and maintain its title as one of the top 10 cryptocurrencies despite facing multiple opponents and regulatory hurdles during the development and progress phases.
“Should we really believe that XRP will fail? Well, I refuse to believe that because to this day I still know what I have in my hands,” Thorp stated.
Despite her predictions not coming true, the Wall Street veteran has remained optimistic The prospects of XRPremaining consistent with her support for the cryptocurrency and the development team.
XRP at $0.62 | Source: XRPUSDT on Tradingview.com
Featured image from Crypto News, chart from Tradingview.com
Disclaimer: The article is for educational purposes only. It does not represent NewsBTC’s views on buying, selling or holding investments and of course investing involves risks. You are advised to conduct your own research before making any investment decisions. Use the information on this website entirely at your own risk.