The world of cryptocurrencies is rarely short on bold predictions and heated debates. One recent exchange between two prominent figures in the XRP community, Shannon Thorp and JD has reignited the discussion surrounding future price projections and the way the crypto world and XRP community should value XRP.
Thorp, a former banking expert and XRP enthusiast, grabbed headlines six months ago with a jaw-dropping forecast that XRP could reach between $100 and $500 within four to seven months.
Read Also: XRP Price Prediction: Top Analyst Reiterates Prices Between $8 and $13
This optimism fueled by the U.S. court deeming XRP a non-security, sent ripples through the community. However, with February around the corner, XRP is trading at $0.5253, significantly lower than its price of $0.69 when Thorp made her predictions.
Understanding XRP’s Value
JD, a prominent XRP supporter and skilled technical analyst, stepped in to question the validity of her earlier claims. This debate was not just a friendly disagreement, it was a clash of two fundamental approaches to understanding XRP’s potential.
So what's up w/this $100-500 in 7 months theory you posted last July 2023?
Saying charts dont work? We are literally still w/in my orange box posted months ago.. 🤔🧐🤦♂️🤦
Charts WINS over these NONSENSE🤦🤦♂️$XRP #XRParmy #XRPCommunity https://t.co/v9upVaYEtm
— JD 🇵🇭 (@jaydee_757) January 28, 2024
Thorp, a staunch critic of conventional technical analysis, challenged the very notion of relying solely on historical charts. In her view, such methods fall short of capturing the essence of XRP, a token whose future, she argues, is now tethered to its real-world utility. For Thorp, charts might suit speculative tokens like Bitcoin, but XRP demands a different lens.
“Current charts for XRP utility do not exist,” she asserted, highlighting the missing piece in traditional analyses. She believes that past trends and market sentiment don’t paint the full picture, and XRP predictions require utility-driven metrics.
This stance emphasizes the need to shift focus from the speculative past to a different future, where XRP’s role in facilitating cross-border payments could unlock its true potential. Thorp asked, “How do you solve a multi-trillion dollar problem with a $0.50 XRP? That’s a rhetorical question…because you can’t.”
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Ripple CTO Explains Why He Abstained From XRP Price Discussions
However, comparing both predictions, XRP is not close to Thorp’s target, but JD points out that XRP is still trading within the orange box he predicted in his technical analysis months ago. In his words, “Charts WINS over these NONSENSE.”
Yet, Thorp’s emphasis on utility carries significant weight. If the global cross-border payment market reaches the predicted $250 trillion by 2027, XRP’s potential appreciation hinges on adoption by major players.
Thorp has predicted that XRP at $500 will not be enough for the growing cross-border payment industry. With Ripple trying to work its way into the cross-border payment space, we could see her prediction become reality.
Follow us on Twitter, Facebook, Telegram, and Google News
