Ripple (XRPUSD)

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XRP $100-$500 4-7 MOS. SHORT TERM
Shannon Thorp, a renowned Wells Fargo Analyst, recently shared a bold forecast for XRP, the native digital asset of the Ripple network, on Twitter. XRP has been in testing with several middle eastern oil nations and could well be adopted as an alternative trading method for BRICS.

Drawing on her meticulous calculations and considering various factors, Thorp presented a conservative short-term price prediction for XRP, suggesting that its value could range between $100 and $500 in the near short term (the next four to seven months).

To arrive at this prediction, Thorp considered several key variables that could influence XRP’s future, including an analysis of the cryptocurrency’s circulation and adoption by banks, liquidity providers, and governments. By evaluating these aspects, she projected the potential liquidity strength (LS) of XRP, suggesting it could reach trillions of dollars if widely utilized across various financial institutions.

The pundit also took into account the recent ruling in the SEC vs. Ripple lawsuit, the recent FedNow announcement, and the proposed crypto regulation bill currently under Senate consideration, which according to her, are a step in the right direction for XRP and other cryptocurrencies. Additionally, she emphasized the importance of XRP’s application in messaging and settling as crucial in determining its trajectory.

Thorp’s prediction wasn’t solely based on charts and technical analysis; she underscored the significance of considering XRP’s potential utility and widespread adoption. According to Thorp, XRP’s rapid settlement times and low transaction fees make it a promising candidate for cross-border transactions and various other financial applications.