Financial expert Shannon Thorp has wowed the XRP community with a statement that the price of $500 is undervalued.
According to her, the reports of $250 trillion value in cross-border transactions by 2027 should propel the asset to trade at an unimaginable level.
Ripple’s XRP has been on a downward trend since hitting $0.93 immediately after the court ruling. Several reports of the US Securities and Exchange Commission filing a motion for interlocutory appeal have created a sense of uncertainty among investors who have considered exiting their investment positions. As of press time, XRP had broken a crucial support level to hit $0.474726. Interestingly, experts including Shannon Thorp have predicted a huge run for the asset, adding that its value is massively undervalued.
According to Thorp, it may sound outrageous to predict XRP to hit $500. However, that price point is conservative. The reason stems from the sentiment surrounding Ripple’s 2023 New Value Report as well as th
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