Wells Fargo analyst predicts XRP price will hit $100-$500 XRP WellsFargo SWIFT
- Eye-poping price predictions are common once bullish energy returns to the cryptocurrency market, and the current cycle is no exception, as one analyst from Wells Fargo predicts that XRP could skyrocket as high as $500 over the next four to seven months.
Speaking directly about the XRP ruling, Thorpe said, “Why would we continue to pretend it is and make price predictions based on ‘Securities’ in the crypto space? This logic seems counterintuitive.” “If you set a range for XRP, say $1.00 - $5.00, you are ultimately saying that if one company owned ALL the XRP, YES, all 100 billion, they would have a Liquidity Strength from $100B to $500B,” she said. “This LS does not account for any growth in the economy, the action of messaging and settling, nor the 24/7 365 benefits we receive using XRP.”
“If I had to guess, [there are] 50 – 75B XRP at any one-time supporting LS,” Thorpe said. “Now spread that across, say 300 – 1000 different banks, liquidity providers and governments. $1.00 * 75B=$75B. $75B / 1,000 =$75M XRP/dollars for each bank and/or liquidity provider.” Based on these facts, Thorpe said her “price prediction is anywhere from $100 - $500 near short term .”
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