2024

Bitcoin

when

<p>The post <a href="https://coinpedia.org/news/citi-bankers-xrp-prediction-faces-criticism-over-500-price-target/" rel="noopener noreferrer nofollow">Citi Banker’s XRP Prediction Faces Criticism Over $500 Price Target</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Shannon Thorp, an Operational Specialist at Citi, is under scrutiny from the crypto community after her bold prediction that XRP could surge to $100 to $500 within seven months has not come to fruition.</p>
<h2 class="wp-block-heading" id="h-countdown-to-disappointment">Countdown to Disappointment</h2>
<p>In a recent post, user “Scam Detective” drew attention to Thorp’s ambitious forecast, noting that there’s only about a week left before her projected timeline concludes. Despite the anticipation for XRP to trade between $100 and $500, the cryptocurrency is currently struggling around $0.5369.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Shannon has less than 10 days for her price prediction of $100-$500 near short term (4-7 months). <br>Do you think <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> will pump 18,500% in the next few days?<br><br>This post was seen by more than 1.7 million ppl &amp;the fact that she worked for a bank lent credibly to her poor prediction. <a href="https://t.co/Racyk1d9Zz" rel="noopener noreferrer nofollow">https://t.co/Racyk1d9Zz</a></p>— ⍼ ScamDaddy (@ScamDetective6) <a href="https://twitter.com/ScamDetective6/status/1760723252400267686?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 22, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Scam Detective sarcastically questioned the possibility of <a href="https://coinpedia.org/news/dark-defenders-bullish-prediction-xrp-aims-for-0-91-amid-market-challenges/" rel="noopener noreferrer nofollow">XRP experiencing an 18,500%</a> surge within the next few days to meet Thorp’s prediction.&nbsp;</p>
<p>Despite being viewed by over 1.8 million people, Thorp’s post has let down many in the community. Initially seen as credible because of her association with a major financial institution, her unfulfilled prediction has now raised doubts.</p>
<h2 class="wp-block-heading" id="h-xrp-to-500-doubtful-target">XRP To $500 – Doubtful Target</h2>
<p>Thorp’s analysis challenged the conventional methods of predicting XRP’s future price. She argued against the reliability of historical trends and criticized approaches based on utility and Ripple partnerships.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">People have long asked what will be the price of <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a>, when will this “utility” come? In my opinion, now more than ever I see a divided <a href="https://twitter.com/hashtag/XRPArmy?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRPArmy</a>! 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) <a href="https://twitter.com/thorpshannon87/status/1685427003879522305?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 29, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Instead, Thorp emphasized that XRP’s current supply needs a higher valuation to meet the demands of financial institutions settling cross-border payments effectively, especially considering the multi-trillion dollar valuation of the cross-border payment market.</p>
<p>Although the banker’s forecast of $100 to $500 was grounded in her belief that XRP’s current valuation was insufficient for the demands of the market it aimed to serve. Despite facing criticism, Thorp asserted that her $500 projection was a conservative estimate and stood by her analysis.</p>
<h2 class="wp-block-heading" id="h-a-questionable-surge">A Questionable Surge</h2>
<p>As of now, Thorp has not provided an updated response on her $500 projection. With XRP currently <a href="https://markets.coinpedia.org/xrp/" rel="noopener noreferrer nofollow">trading at $0.5409</a>, achieving a $500 valuation within the next seven days would require an improbable 93,027% surge in the asset’s price.&nbsp;</p>
<p>However, the significant gap between the predicted and actual value has fueled community discussions, questioning the feasibility of such a surge in the given timeframe.</p>

Citi Banker’s XRP Prediction Faces Criticism Over $500 Price Target

目錄

CoinPedia News

在 2024年2月23日發表的其他文章

Bitcoin could reach $63k in March 2024, Matrixport says

Bitcoin Price Prediction: As Reddit IPO Filing Reveals BTC And ETH Investments, Experts Say This ...

Block reveals Bitcoin-boosted earnings in its Q4 2023 report

Turkey’s Crypto Regulation Anticipation and FATF Compliance

Bitcoin and Ethereum Price Analysis and Market Movements

Decentralized Finance Money Market Protocol Aave Launches on BNB Chain

訂閱免費電子報，每天收取加密貨幣最新動態！