Wells Fargo Analyst Predicts Ripple #XRP Price Could Rise to $500 Per Coin…

Wells Fargo Analyst Predicts Ripple #XRP Price Could Rise to $500 Per Coin…

what’s up you guys it’s Matt here welcome back to another video now in this one I want to talk about xrp and what I like to do with my positions that I hold for a long period of time that I hold a massive amount of the largest amount that I hold in my portfolio is xrp which is about 41 42,000 and what I like to do with these positions is go through price predictions because my whole idea as an investor which I mean everybody else should feel the same way is to um buy something at a smaller level and see it through as it goes along and take profit and be able to hold it for the long term right that’s the idea when you buy into let’s say a certain business you believe in that business you believe in the success of that business and because of that success you see a return on your investment and that’s what I expect to see with xrp so this is why I give out so many price predictions I’ll give out my own as well as go through the internet to see what everybody else is thinking because it’s great to understand that you have a second and third and fourth opinion on things and then you can kind of maybe adjust where your range is based on everything else that is said because everybody will have their own reason as to why things will blow up why things will go to the next level I know some people are not fans of going through different price predictions and they just keep claiming that it’s clickbait however if people are talking about it it’s not something that’s that’s clickbait this is something that has been out there and this is resurfacing as of now it’s not something that is more recent of a of a price prediction I mean for some it is but not for this analyst specifically um I want to go through it and talk about this price prediction because $500 is a level that this Wells Fargo analyst believes that you know it can get to so guys if you could make sure you hit that like button hit that subscribe button hit the notification Bell for more of these videos also make sure you check out some of the links that are down below it does help out the channel and if you guys want to follow me on Twitter follow me on patreon those links are in the description so xrp is currently sitting at a 51 Cent price almost 52 it is slightly down on the day we’re seeing it at a 28.5 billion market cap with $1 billion worth of volume um we did see a shift in the overall circulating Supply to where that was at 35 I guess um um you know they they had like an adjustment for coin market cap to bring that down but it’s at uh 55.2 4 instead of 55.3 is what I believe I saw it yesterday um so that’s I guess good I I don’t know how to classify that however you want to but the real reason why we’re here is more about the price prediction um Wells Fargo analyst predicts Ripple xrp price could rise to uh $500 now this was posted back in August of 2023 and the reason why this is resurfacing is because there’s many other uh people that are also saying the same thing uh experts that are saying it can get to$ 100 to $500 and it’s around those ranges and getting to those levels is not unheard of or ridiculous to to get to right so let’s go through a little bit uh if if xrp is not liquid uh it can’t compare with swift or it can’t compare with swift um Thorp argue that the the current price uh model for xrp uh are flawed because they do not uh consider uh external economic conditions uh when making predictions about a wider adoption that could drive xrp’s price Dorp said that the comparison uh with International settlement uh system Swift offers a a sobering or sobering um window into the potential of xrp assuming xrp wins 30% of the $7 trillion uh Swift processes daily um its Everyday Use would spike uh to 2. 1 trillion how did Thorp arrive at the xrp forecast um so to make uh her prediction uh Thorp uh focused on the uh price of xrp would need to reach to ensure significant or sufficient liquidity and uh breathing room in the market she considered Global Banks crypto exchange assets burned xrp as well as tokens given to Banks developers and individual investors her in her estimate estimation between 50 and 75 billion xrp may be available for liquidity assuming 300 to 1,000 Banks hold xrp each firm would need uh about 75 million xrp however this allocation would be insufficient to absorb even 10% of JP Morgan’s Swift volumes um the bank uh proceeds uh processes eight trillion dollar daily without considering real estate uh derivatives Central uh Bank digital currencies and other tokenized assets um on the other hand if the asset reaches $100 to $500 in the next four to seven months uh comes true uh its liquidity strength could surge between 5 trillion uh dollar to $25 trillion assuming a a minimum token supply of 50 billion um this would give the the market room to to breathe um allow allow the the asset to grow and ensure a single entity needs to hold billions of assets so um this honestly says that um$ 100 to $500 could be a thing I mean within that time frame you saw things that were kind of not really fully breaking out at those points uh we started seeing the breakout in October where we saw terala classic and a lot of other things so this was pre- breakout that we saw everything run and now we have kind of that same mindset but more of at an extended Pace because we don’t know exactly what’s going to happen with the case and I think that’s where the uncertainty comes from so once we figure out what happens with the case then we now have a Clear Vision as to how that could be affected and how it can take over um these transactions and see this much volume this much um movement within the position itself um just based on you know the scarcity of of what it is I mean if that’s flowing through different banks not only through the us but also worldwide globally that’s a bigger deal um you know than just seeing it in one country or two countries right you’re seeing it in every country and fully adopted there so in my opinion um $100 is not a ridiculous level to get to um because if we go over to the exit plan and we look at xrp seeing a level of $100 is really a 5.3 uh trillion Doll Market that’s not absurd for something that’s going to have this much of an effect overall um so and then seeing it at a level of $500 obviously is you know 26.9 trillion that’s where it starts to I mean it starts to get iffy when you get above 10 trillion um but you never really know especially something that does have as much or could have as much of an impact as what they’re saying so let me know your opinion of of xrp and how you feel about it do you believe that we can see this at a level of $100 to $500 do you believe that $1,000 is definitely a deal I’ve seen many predictions that state $1,000 at minimum and uh but then there’s also individual investors that are like no $1,000 will never happen but then these experts are claiming you know that these things can happen and they’re giving out these larger ranges um kind of not only hoping for the best but understanding the lower side of it as well so I want to know your opinion I always want to know your opinion um in the comment section below and anything will do it doesn’t matter if you’re negative or positive I read all of them uh only respond to a couple but I read all of them guys hit that like button hit that subscribe button hit that notification Bell for more of these videos and uh I will catch you guys in the next one see you

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