Wall Street veteran Shannon Thorp recently publicly acknowledged that her previous bullish XRP price projections have not come to fruition. This realization has sparked discussions within the XRP community, prompting further analysis of XRP’s price dynamics.
XRP Price Prediction Update
On March 1, Thorp took to social media to announce that her earlier optimistic forecast for XRP had fallen short. Her initial projection in July 2023 suggested a potential surge in XRP’s price to between $100 and $500 within four to seven months. Despite her thorough analysis and justification for these predictions, XRP is currently trading below $1 at $0.62 according to CoinMarketCap.
Despite this setback, there have been recent price movements indicating a potential uptrend for XRP after breaking past key resistance levels. This unexpected price surge has reignited anticipation for significant price movements in the cryptocurrency, hinting at bullish sentiments in the market.
Resilience of XRP
Although the $100 price prediction has not materialized, Thorp emphasized XRP’s resilience in the face of challenges, particularly in the midst of a lawsuit by the SEC. Despite regulatory hurdles and adversities, XRP has maintained its position as one of the top 10 cryptocurrencies, showcasing its potential for long-term success and growth.
Thorp remains optimistic about XRP’s future, expressing unwavering support for the cryptocurrency and its development team. While the initial forecast may not have been met, the industry expert’s confidence in XRP’s potential remains steadfast.
XRP at $0.62 | Source: XRPUSDT on Tradingview.com
Featured image from Crypto News, chart from Tradingview.com
Disclaimer: This article is for educational purposes only and does not reflect the opinions of NewsBTC regarding investment decisions. Investors are advised to conduct their own research and understand the risks involved in cryptocurrency investments.
