Shannon Thorp, a Treasury Management specialist at a leading global bank, recently offered an intriguing insight into the future of XRP. by presentingargued that the digital asset will not stay cheap in the long run. With this statement that caught the attention of the financial world, Thorp discussed the potential of the cryptocurrency.
Cryptocurrencies have experienced a rapid rise in recent years, making a serious impact in the traditional financial world. Among these digital assets, XRP is especially popular with its transaction speed and low cost. However, uncertainties about price forecasts cause investors and experts to be unsure of what to expect in the future.
In his assessment, Thorp offered an ambitious perspective that the value of XRP will not stay cheap. Thorp brought up the critical point in his analysis that individual investors may eventually find themselves excluded from the XRP market. He claimed that retail investors only make up about 1% of the XRP space. So, according to Thorp, the idea that price fluctuations caused by the actions of individual investors will greatly affect XRP is not true. Instead, the influx of institutional investments will likely increase the value of XRP while providing higher trading volumes.
XRP Adoption Potential
In addition, Thorp suggested that a similar model could emerge in the field of cryptocurrencies. Considering the recent launch of FedNow, an instant payment service developed by the Federal Reserve, Thorp predicted that other banks would follow suit with similar technology. This potential alignment could increase the adoption of XRP as a preferred method for conducting financial transactions.
While the expert believes that future value increase is inevitable, he did not specify a precise time frame or price target. This reflects the fact that the price of XRP will be shaped by market conditions and demand/cyclicality.
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