Analysts Confirm XRP’s Potential to Reach $499.98 by Q1 2024

In a recent tweet on September 11 via the X platform (formerly Twitter), Shannon Thorp, a Business Development Manager at Wells Fargo, shared an optimistic outlook for XRP. Thorp’s post suggests that XRP’s price might soar to $500. Supporting her prediction, Thorp refers to the Bank of England’s ‘Cross Border Payments’ report from 2023, projecting the cross-border payments market to reach $250 trillion by 2027.

Thorp argues that such a substantial valuation could propel the XRP price beyond $500. “A $500 XRP price just doesn’t seem like enough to facilitate that amount,” she explains.

Notably, Thorp isn’t the sole analyst envisioning a triple-digit future for XRP. Another analyst, known as XRP Captain on X, predicts that the altcoin could achieve $130 in 2024, attributing it to a triangle pattern observed in the XRP chart.

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