Pundit Warns XRP Investors To Stop Calling For $10,000, Shares ‘Realistic’ Price Targets

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A prominent crypto commentator known as Mason Versluis has issued a notable warning for XRP investors, pointing out that parts of the discussion around XRP to lofty price targetsas high as $10,000 have drifted far away from reality and risk misleading investors. Pundit Pushes Back Against $10,000 XRP Predictions

Bullish price predictions around XRPhave been arriving at an unusually fast pace in recent months, especially as spot exchange-traded funds and institutional participationare now a major part of investor conversations.  Related Reading Pundit Warns XRP Investors To Stop Calling For $10,000, Shares ‘Realistic’ Price Targets 4 hours ago

Social media platforms are now filled with increasingly high targets, ranging from triple-digit valuations to extreme calls for four-figureand even five-figure prices at $10,000. Just a few years ago, you would not have believed such XRP price predictions would be as rampant as this.

In a recent video clipcirculating across the crypto community, Mason Versluis delivered an unusually blunt assessment of the $10,000 predictions for the altcoin. He dismissed the figure outright, noting that such price targets should not even be part of current conversations. 

According to Versluis, anyone aggressively promoting those numbers is doing investors a disservice and misleading them. His argument is based on the fact that XRP has yet to demonstrate the ability to break above far lower price levels, making five-digit projections detached from present conditions. 

A closer look at XRP’s circulating supply explains why the $10,000 prediction raises doubts. XRP currently has a circulating supply of about 66 billion tokens with a market cap of $141.9 billion. Therefore, calculations based on the current circulating supply would imply a market cap of roughly $660 trillion if the altcoin reaches $10,000, which is far greater than the current top 100 assets bymarket cap combined. 

To put this in context, gold currently has a market cap of about $31 trillion. The most realistic way that the token might reach $10,000 is for the circulating supply to decrease significantly. Bullish Bias Exists, But Built Around Progression

According to Versias, XRP reaching $10,000 is not outright impossible. However, the world has only seen roughly 2%of the changes that would be required for XRP to approach a $10,000 valuation.  Related Reading Here’s How Much The XRP Price Will Be If It Overtakes Ethereum In Market Cap 4 days ago

XRP has not even reached $10, let alone maintained it. In order for any outstanding price levels to become a reality, XRP would first need to break above double digits $10, and hold above. From here, discussions about $50, $100, or higher only become meaningful after XRP proves strength at each preceding level.

Despite the criticism, Versluis made it clear that his outlook on XRP is not bearish. He acknowledged that his stance has grown increasingly optimistic due to developments such asETF momentum, DeFi activity, and institutional engagement surrounding XRP and the XRP ledger, continuing to improve. XRP trading at $2.34 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com