Expert Advises XRP Investors to Avoid Unrealistic $10,000 Price Estimates

A well-known figure in the crypto space, Mason Versluis, has issued a significant warning to XRP investors, cautioning that discussions around lofty price expectations—like the $10,000 mark—have strayed too far from reality and may mislead potential investors.

Key Takeaways

Mason Versluis warns against unrealistic predictions of XRP hitting $10,000.
Current market conditions suggest that such targets are misleading and detached from reality.
XRP needs to achieve more significant milestones, starting with breaking the $10 mark, for higher valuations to become viable.
Optimistic sentiment remains due to ETF traction, DeFi growth, and increased institutional engagement with XRP.

XRP

Critique of $10,000 XRP Predictions

In recent months, optimistic price projections for XRP have been proliferating at an alarming rate, especially with the growing influence of spot exchange-traded funds (ETFs) and institutional investment.

Social media platforms are buzzing with increasingly ambitious price targets, some reaching into four-figure and even five-figure ranges, including the notorious $10,000. Just a few years ago, such predictions would have seemed unfathomable.

In a recent video sharing his insights with the crypto community, Mason Versluis provided a no-nonsense take on these $10,000 price predictions. He outright dismissed the figure, arguing that such targets shouldn't even be part of current discussions. According to him, anyone fervently promoting these unrealistic numbers is doing investors a disservice and could potentially mislead them.

His reasoning stems from the fact that XRP has not shown the capacity to surpass much lower price levels, rendering five-figure predictions excessively optimistic.

To shed light on why the $10,000 price target is questionable, consider XRP's current circulating supply, which is approximately 66 billion tokens with a market capitalization of $141.9 billion. If XRP were to hit $10,000, the implied market capitalization would balloon to around $660 trillion—far surpassing the total of the current top 100 assets combined in terms of market cap. For comparison, gold has a market cap of about $31 trillion. For XRP to realistically attain $10,000, a significant reduction in circulating supply would be necessary.

Optimism Remains, but Based on Real Growth

Mason Versluis acknowledges that while reaching $10,000 is not outright impossible, the crypto industry has only seen about 2% of the changes needed for XRP to approach such a valuation.

Currently, XRP hasn't even reached $10, let alone maintained it consistently. For any significant price increases to occur, XRP needs to first break the crucial $10 barrier and maintain it. Only then can discussions around $50, $100, or higher become relevant as XRP demonstrates its strength at each level.

Despite his critical stance, Versluis made it clear that he remains optimistic about XRP's potential. He highlighted the positive influence of developments such as ETF momentum, growing decentralized finance (DeFi) activities, and increased institutional interest in XRP and its ledger.

XRP XRP trading at $2.34 on the 1D chart | Source: XRPUSDT on Tradingview.com