Shannon Thorp, a Treasury Management expert from a prominent global bank, recently provided an intriguing perspective on the future of XRP, suggesting that the digital asset will not remain cheap in the long term. While acknowledging the uncertainty of price predictions, Thorp emphasized the prevailing belief that XRP’s value will inevitably increase.
Let's talk $XRP! A few of you have asked about price prediction, time frames, etc. While no one can predict price, I will say (and I think we all know this) the price of XRP cannot be cheap. What's more, Retail will be priced out of XRP at some point. I see a lot of non-sense…
— Shannon Thorp (@thorpshannon87) July 18, 2023
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Pricing Out Retail Investors
Thorp raised the crucial point that retail investors may eventually find themselves priced out of the XRP market. She dismissed the notion that price fluctuations caused by retail investors’ actions would heavily impact XRP, citing that retail participants only make up approximately 1% of the XRP space.
With significant players such as the Federal Reserve, banks, and businesses increasingly allocating funds to XRP, Thorp argued that the retail segment would be overshadowed, akin to a minnow in a vast ocean. Therefore, she predicted that institutional investments would have a more significant influence on XRP’s price, driving its value upwards and enabling higher transaction volumes.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
Potential for XRP Adoption
Thorp drew comparisons to the unchanged cash management system she encountered throughout her extensive career, highlighting how banks tend to align their operations with the Federal Reserve.
She suggested that a similar pattern might emerge in the realm of cryptocurrencies. Taking into account the recent launch of FedNow, an instant payments service developed by the Federal Reserve, Thorp anticipated that other banks would follow suit with similar technology. This potential alignment could amplify the adoption of XRP as a preferred method for conducting financial transactions.
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A Bullish Outlook for XRP
Thorp’s analysis presents a compelling argument for a bullish XRP future. As adoption and integration by major financial players continue to grow, XRP’s price is expected to experience substantial growth. However, as with any investment, it is essential to conduct thorough research and consider various perspectives before making any decisions.
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