Thorp’s Crypto Prediction Under Scrutiny
Shannon Thorp, an Operational Specialist at Citi, is under scrutiny from the crypto community after her bold prediction that XRP could surge to $100 to $500 within seven months has not come to fruition.
Countdown to Disappointment
In a recent post, user “Scam Detective” drew attention to Thorp’s ambitious forecast, noting that there’s only about a week left before her projected timeline concludes. Despite the anticipation for XRP to trade between $100 and $500, the cryptocurrency is currently struggling around $0.5369.
- Thorp emphasized that XRP’s current supply needs a higher valuation to meet the demands of financial institutions settling cross-border payments effectively
- This is especially considering the multi-trillion dollar valuation of the cross-border payment market.
Despite facing criticism, Thorp asserted that her $500 projection was a conservative estimate and stood by her analysis.
A Questionable Surge
As of now, Thorp has not provided an updated response on her $500 projection. With XRP currently trading at $0.5409, achieving a $500 valuation within the next seven days would require an improbable 93,027% surge in the asset’s price.
- The significant gap between the predicted and actual value has fueled community discussions, questioning the feasibility of such a surge in the given timeframe.
Hot Take
It looks like Thorp’s prediction has not panned out as hoped, leaving many to question the feasibility of such a surge in such a short period of time. As a crypto enthusiast, it’s important to critically assess such predictions and consider the market dynamics before banking on ambitious projections.
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