Citi banker Shannon Thorp, who gained prominence in the crypto sphere for a daring projection about XRP reaching triple-digit value within seven months, has finally owned up to her unfulfilled price prediction.
In a recent post on X, Thorp remarked on her bold forecast that XRP could be worth $500 in under seven months as the set timeline elapsed.
Recall that on July 30, 2023, Shannon Thorp proclaimed that XRP was poised to reach a market value of $100 and $500 within four to seven months from the time of the commentary. The tweet exploded to become one of her most famous statements on X, as it has been viewed over 1.8 million times.
Notably, the main factor that guided the daring forecast was the multi-trillion-dollar size of the cross-border payment market. Considering its supply, Thorp believes a low-priced XRP cannot fit into such a market.
At the time of the claim, XRP traded at $0.712. The banker expected XRP to have grown by 70,124% by February 29—instead, the asset dipped by at least 15%.
With the seven-month window expiring, Thorp took to X to admit the failure after enduring severe backlashes in recent weeks.
A “Bittersweet” Loss
“Well, if you’re still with me today, then you’ll know my XRP price opinion expired as of midnight last night,” Thorp confessed.
Well, if you’re still with me today then you’ll know my $XRP price opinion expired as of midnight last night. It’s honestly bittersweet but look how far we’ve come and everything that has transpired since clarity. We’ve endured with what feels like a never-ending lawsuit at the…
— Shannon Thorp (@thorpshannon87) March 1, 2024
Reflecting on the outcome, Shannon Thorp described the experience as “bittersweet.”
Furthermore, Thorp reflected on various factors that have shaped the XRP landscape through the past few months since XRP secured regulatory clarity.
Specifically, she highlighted several significant events, including digital asset and banking conferences, the Ripple Proper Party, new partnerships, and the exposure of ETHGATE.
She expressed gratitude to attorney Steven Nerayoff and other prominent figures within the XRP community for their roles in these developments.
In light of these occurrences, the banker remarked, “Are we really to believe that XRP will fail?”
Thorp underscored her unwavering faith in XRP. She remains optimistic about XRP’s future amid its resilience in the face of adversity.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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