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 <h2 id="strong-the-divided-xrp-army-strong"><strong>The Divided XRP Army</strong></h2> 
 <p><span style="font-weight: 400">The XRP Army, a passionate community of XRP enthusiasts, has been an influential force in promoting the cryptocurrency’s use case and potential. However, Thorp highlights a growing division within the community concerning the basis of price predictions for XRP. She noted that two distinct groups have emerged, the chart followers and utility believers.</span></p>  
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 <p><span style="font-weight: 400">The chart followers are those who heavily relies on technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, studying historical price patterns and trends, particularly in relation to </span><span style="font-weight: 400">Bitcoin</span><span style="font-weight: 400"> (BTC), to forecast short-term price movements of <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>.&nbsp;</span></p> 
 <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> 
  <p>— Shannon Thorp (@thorpshannon87) July 29, 2023</p>  
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 </blockquote> 
 <p></p> 
 <p><span style="font-weight: 400">On the other hand, the second group known as utility believers is composed of individuals who emphasize XRP’s utility and the partnerships around Ripple, the company behind XRP, established over the years.</span></p> 
 <p><span style="font-weight: 400">The Wells Fargo analyst expresses skepticism about both sides of the XRP Army’s divided approach to price predictions. According to her, neither the chart followers nor the utility believers have been consistently accurate in their forecasts, leading to uncertainties within the XRP community.</span></p> 
 <p><span style="font-weight: 400">Additionally, the analyst argues against making price predictions based on XRP’s classification as a security. She contends that such an approach is counterintuitive and fails to align with the original vision of Ripple.&nbsp;</span></p> 
 <h2 id="strong-comprehensive-approach-to-price-forecast-strong"><strong>Comprehensive Approach to Price Forecast</strong></h2>  
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 <p><span style="font-weight: 400">Thorp acknowledged many variables which come into play when predicting <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>’s price including circulating supply, the rate of <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> burn (destruction of <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> tokens after transactions), and the expansion of <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>’s use cases over time.&nbsp;</span></p> 
 <p><span style="font-weight: 400">The analyst provides a distinct perspective by taking into consideration multiple elements in <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>’s price estimate. The projection seeks to offer a more comprehensive perspective of <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>’s worth by taking into account all <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> held by banks, liquidity providers, governments, and individuals.&nbsp;</span></p> 
 <p><span style="font-weight: 400">The analyst predicts price ranges from $100 to $500 in the near term (within 4 – 7 months).</span></p> 
 <p><span style="font-weight: 400">Thorp believes that a pivotal moment will trigger a significant change in the evaluation and pricing of <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>, potentially likening it to the status of gold. This, coupled with global bank adoption and partnerships, could lead to the predicted price range for the coin.</span></p> 
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Wells Fargo Analyst Slams XRP Army’s Divisive Price Predictions

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