Shannon Thorp, a Treasury Management specialist at a leading global bank, has spoken out openly about the divided opinion within the XRP community.
Thorp took to her Twitter account, highlighting that while some rely on charts and trends associated with Bitcoin for short-term price predictions, others who believe in XRP’s usefulness anticipate partnerships to drive the price higher.
Crucially, she pointed out that XRP is not a security, which challenges the logic of basing price predictions on “securities” in the crypto space. Thorp suggested that clinging to such ideas hinders Ripple’s team’s original mission years ago.
She said, “I’ve been asked to give my price forecast — with no time frame, no clear understanding of the circulating supply, or a fixed dollar amount that equates to a start.”
When asked about her own price forecast, Thorp highlighted the uncertainty surrounding factors such as time frame, circulating supply and specific dollar amounts. She referred to several recent developments, including the SEC vs. Ripple ruling, the FedNow announcement and the proposed crypto regulation bill.
While giving her near-term price forecast, Thorp suggested a range between $100 and $500. She based this estimate on LS calculations, where higher prices provide ample room for growth and prevent single entities from monopolizing XRP for day-to-day operations. She also pointed out the problem of setting a price range for XRP, such as $1 to $5
However, she raises a hypothetical scenario where a large transaction of $750 million should be executed with an LS of $1. This would make up about 10% of all XRP held by banks. Thorp argues that executing such large transactions could be problematic because it would require the $750 million to be broken down into numerous smaller transactions (each with a burn rate), which may not be practical or desirable for the parties involved.