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

Crypto commentator Mason Versluis has cautioned XRP investors against unrealistic price predictions. He believes forecasts of XRP reaching $10,000 are detached from reality and mislead the public. Versluis argues that XRP has not demonstrated the ability to conquer significantly lower price levels, rendering five-figure projections improbable. His reasoning is rooted in XRP's circulating supply of approximately 66 billion tokens. A $10,000 XRP price would result in a market capitalization of roughly $660 trillion. This figure dwarfs the combined market cap of the top 100 crypto assets and significantly exceeds gold's market cap of $31 trillion. Versluis suggests that a drastic reduction in XRP's circulating supply would be necessary for such a valuation. While not outright impossible, he estimates that only about 2% of the required changes have occurred. He emphasizes that XRP must first break and hold above $10, and then progress through higher levels like $50 and $100. Despite his criticism of extreme price targets, Versluis maintains an optimistic outlook on XRP. He highlights positive developments such as ETF momentum and increasing institutional engagement with the XRP ledger.