Citi banker Shannon Thorp, who gained prominence in the crypto sphere for a daring projection about $XRP reaching triple-digit value within seven months, has finally owned up to her unfulfilled price prediction.
In a recent post on X, Thorp remarked on her bold forecast that XRP could be worth $500 in under seven months as the set timeline elapsed.Â
Recall that on July 30, 2023, Shannon Thorp proclaimed that XRP was poised to reach a market value of $100 and $500 within four to seven months from the time of the commentary. The tweet exploded to become one of her most famous statements on X, as it has been viewed over 1.8 million times.Â
Notably, the main factor that guided the daring forecast was the multi-trillion-dollar size of the cross-border payment market. Considering its supply, Thorp believes a low-priced XRP cannot fit into such a market.
At the time of the claim, XRP traded at $0.712. The banker expected XRP to have grown by 70,124% by February 29âinstead, the asset dipped by at least 15%.
With the seven-month window expiring, Thorp took to X to admit the failure after enduring severe backlashes in recent weeks.
