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<div class="watcher-guru"> 
 <p>According to Shannon Thorp, Treasury Manager at Wells Fargo, XRP could reach somewhere between $100 and $500 in the next four to seven months. If the asset reaches $100, it would translate to a growth of 14088.52 %. On the other hand, if it reaches $500, it would mean a growth of 70842.61 %. </p> 
 <p>According to Thorp, the XRP community is divided. One faction looks only at XRP’s chart patterns, while the other only looks at the asset’s utility. However, Thorp says that relying on conventional securities logic to predict prices goes against Ripple’s fundamental vision.</p> 
 <p>Thorp introduces Liquidity Strength (LS) as a crucial metric for predicting the token’s future value. For this, she considers the total supply, including circulating and burnt tokens, owned by various entities like banks, governments, and individuals. Moreover, she assumes that Ripple has released all their XRP from escrow to determine a price range for the token.</p> 
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 <p><strong>Also Read: XRP: Analyst Predicts You Can Become a Millionaire with 500 Tokens</strong></p> 
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">People have long asked what will be the price of $XRP, when will this “utility” come? In my opinion, now more than ever I see a divided #XRPArmy! One side looking at only charts, taking cues from the past and trends that follow Bitcoin to draw short term price predictions. Whilst…</p>— Shannon Thorp (@thorpshannon87) July 29, 2023 
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 <p>Thorp suggests that if a single company were to hold all 100 billion tokens, their Liquidity Strength (LS), in the price range of $1.00 to $5.00, would range from $100 billion to $500 billion. However, she pointed out that this calculation does not consider the potential economic growth and ongoing benefits derived from utilizing XRP.</p> 
 <h3 class="wp-block-heading" id="h-can-xrp-really-reach-500">Can XRP really reach $500?</h3> 
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  <img decoding="async" width="1024" height="576" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="XRP Ledger Witnesses Unprecedented Spike in Account Deletions" class="wp-image-96296 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp.webp 300w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp.webp 768w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp.webp 1536w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp.webp 380w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp.webp 550w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp.webp 800w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp.webp 1160w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp.webp 1600w" data-srcset-img="https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp 1024w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp 300w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp 768w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp 1536w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp 380w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp 550w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp 800w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp 1160w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp 1600w" data-eio="j"> 
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   <img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp" alt="XRP Ledger Witnesses Unprecedented Spike in Account Deletions" class="wp-image-96296" srcset="https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp 1024w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp 300w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp 768w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp 1536w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp 380w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp 550w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp 800w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp 1160w, https://cdn.thebittimes.com/images/2023/07/31/d329da50c4477ca598a27019541c3902.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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    Source: Binance Academy 
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 <p>Thorp draws a comparison between the token’s potential and SWIFT’s operations, handling around 44.8 million transactions daily. If Ripple captures just 30% of SWIFT’s daily value (estimated at $7 trillion), it would yield an impressive $2.1 trillion daily value (about 13.2 million transactions) for XRP. However, she noted the difficulty of conducting substantial transactions with limited Liquidity Strength, which could require a considerable portion of a bank’s XRP holdings. </p> 
 <p>Thorp approximated that there might be 50 to 75 billion XRP supporting Liquidity Strength (LS) at any given time, distributed among around 300 to 1000 different institutions, providing about $75 million XRP/dollars per institution.</p> 
 <p><strong>Also Read: New York Post Takes Jab at Ripple-XRP Ruling, Lawyer Hits Back</strong></p> 
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 <p>Thorp considers J.P. Morgan as a leading bank with a daily transaction volume exceeding $8 trillion. She speculates that if Ripple captured just 10% of this market (amounting to $800 billion), the existing 75 billion XRP in circulation wouldn’t be sufficient to efficiently handle such large sums. However, this estimation only applies to cross-border transactions and doesn’t include derivatives, real estate, CBDCs, technical parallels, and NFTs.</p> 
 <p>Based on her LS example, Thorp predicts XRP’s price to be between $100 and $500 in the short term. If the supply is 50 billion XRP, a token price of $100 would yield an LS of $5 trillion. Meanwhile, $500 would result in an LS of $25 trillion. According to Thorp, this value provides breathing room for the market. Moreover, this allows for growth and ensures that no single entity needs to hold billions of XRP for daily operations.</p> 
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<div class="cs-entry__tags"> 
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  <li>xrp</li> 
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XRP to Reach $500 in 7 Months: Wells Fargo Treasury Manager

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