- Banking expert Shannon Thorp shares her thoughts on XRP.
- She believes XRP won’t be affordable to retail investors soon.
- It’s likely best to stock up on XRP now before it’s too late.
In a recent analysis of the digital asset market, Shannon Thorp, a Treasury Management expert from a prominent global bank, shares an intriguing perspective on the future of XRP. According to Thorp, the digital asset may not remain affordable for retail investors in the long term. This is because its value will most likely increase significantly.
While acknowledging the inherent uncertainty of price predictions in the crypto market, Thorp says the prevailing belief that XRP’s value will inevitably surge in the coming years.
Thorp raised a critical point regarding the potential pricing out of retail investors in the XRP market. She dismissed the notion that price fluctuations caused by retail participants would heavily impact XRP, stating that they only make up approximately 1% of the XRP space.
To highlight, major players like the Federal Reserve, banks, and businesses are increasingly allocating funds to XRP. Thus, Thorp argues that the influence of retail investors would be overshadowed. This makes them akin to a minnow in a vast ocean. She predicts institutional investments will play a more significant role in driving XRP’s price upwards and enabling higher transaction volumes.
Thorp drew comparisons to the traditional cash management system she encountered throughout her long career in banking. Banks tend to align their operations with the Federal Reserve, and she believes a similar pattern might emerge in the realm of cryptos.
With the recent launch of FedNow, an instant payments service developed by the Federal Reserve, Thorp anticipated that other banks would follow suit with similar technology. This potential alignment could lead to an increase in the adoption of XRP as a preferred method for conducting financial transactions.
Overall, Thorp’s analysis paints a bullish outlook for XRP’s future. She says XRP’s price will experience substantial growth. This is because adoption and integration by major financial players will continue to grow. However, potential investors are reminded to conduct deep research and consider various perspectives before making any investment decisions in the volatile crypto market.
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