Banking Giant Wells Fargo Joins the XRP Bullish Choir - $500 Prediction Revealed! đ¤
Shannon Thorp, a Business Development Manager for the American banking behemoth, Wells Fargo, recently shared her optimistic views on XRP.
She took to the X platform (formerly known as Twitter) to predict a whopping $500 price for XRP. That's right, folks â three zeros after the five!
But Why So Bullish? đ¤
Thorp's prediction isn't just a random number. She refers to the Bank of Englandâs 2023 'Cross Border Payments' report, which anticipates the cross-border payments domain booming to a staggering $250 trillion by 2027.
Considering such a valuation, Thorp believes XRP is undervalued. She remarks, "A $500 XRP price just doesnât seem like enough to facilitate that amount."
Interestingly, Thorp isn't the only one riding the XRP bullish wave. An analyst known as XRP Captain on X has also projected that the digital asset could hit $130 in 2024, thanks to a triangle pattern thatâs emerged on the XRP chart.
A Repeated Prediction? đ
For those who've been following Thorp, this isn't the first time she's made such a bold prediction. Back in July 2023, she shared her insights on why XRP could soar to $500.
Thorp then emphasized Ripple's potential to snatch even a small slice (like 10%) of the cross-border transactions pie currently dominated by giants like J.P. Morgan.
Such a market share could translate to a massive $800 billion in transactions. As Thorp cleverly pointed out, â$1.00 is not enough to move that kind of money.â
She further breaks down her analysis, emphasizing that a $500 XRP price could result in an LS (Liquidity Solution) of $25T, providing ample space for market growth and daily operations.
The Future Is Near! đ
Thorp's recent tweet reinforces her earlier prediction. Only this time, she's provided a timeline, expecting XRP to reach the $500 mark by 2027.
Whether you're an XRP holder or a crypto observer, these are exciting times indeed!
