**XRP Price Prediction Falls Short: Wall Street Expert Admits Forecast Failure**
On Friday, March 1, Shannon Thorp, a Wall Street veteran, publicly acknowledged that her previous bullish price predictions for XRP had fallen flat. The forecast had generated speculation and anticipation within the XRP community but failed to materialize. This has led market observers to reflect on the dynamics of XRP’s price.
Thorp had made a bold prediction in July 2023, projecting that the price of XRP would surge between $100 to $500 within four to seven months. She provided critical analysis and statistics to support her projections, emphasizing XRP’s potential for gaining liquidity strength and widespread adoption in the financial sector.
However, in March 2024, almost seven months after Thorp’s prediction, XRP has failed to reach the projected $100 mark. At the time of writing, the cryptocurrency is trading below $1 at $0.62 according to CoinMarketCap. XRP has struggled to keep up with the market’s bullish trends and has been consolidating around $0.50 for months.
Recently, there was a surge in XRP’s value after breaking through crucial resistance levels around the $0.6 mark. This unexpected price gain has raised expectations for a significant price movement, suggesting a potential uptrend during this bullish period.
**Wall Street Expert Remains Optimistic**
While acknowledging that her $100 XRP price prediction did not come true, Thorp remains optimistic about XRP’s accomplishments and resilience in the face of challenges. She highlights that XRP has endured an extensive lawsuit filed by the United States Securities and Exchange Commission (SEC) and continues to hold its position as one of the top 10 cryptocurrencies.
Thorp refuses to believe that XRP will fail and expresses confidence in what she holds. Despite her predictions not coming to fruition, she remains supportive of XRP and its development team.
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