Pundit Warns XRP Investors to Stop Calling $10,000, Shares ‘Realistic’ Price Objectives
A famous crypto analyst known as Mason Versluis has issued a significant warning to XRP investors, pointing out that parts of the discussions around it. XRP on higher price target up to $10,000 is far from the truth and risks misleading investors.
Pundit Pushes Back Against $10,000 XRP Predictions
Bullish price predictions around XRP they have been arriving at an extraordinary pace in recent months, especially as spot exchange funds and institutional participation they are now a major part of investor conversations.
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Social media is now full of rising targets, ranging from triple digit ratings to four-figure extreme calls even five values at $10,000. A few years ago, you wouldn’t have believed that XRP price prediction could be as prevalent as this.
In a latest video clip circling the crypto community, Mason Versluis provided an unusually vague assessment of the $10,000 altcoin predictions. He dismissed the figure, noting that such target values should not be part of the current negotiations.
According to Versluis, anyone who aggressively promotes those numbers is underestimating and misleading investors. His argument is based on the fact that XRP has not shown the ability to break through the lowest price levels, making five digits different from the current conditions.
A closer look at the cyclical supply of XRP explains why the prediction of $10,000 raises doubts. XRP currently has a circulating supply of 66 billion tokens with a market cap of 141.9 billion. Therefore, calculations based on the current circulating supply will mean a market cap of approximately $660 trillion if the altcoin reaches $10,000, much larger than it is now. top 100 properties with market cap is included.
To put this in context, gold currently has a market cap of approximately $31 trillion. The most logical way that the token could reach $10,000 is for the circulating supply to drop significantly.
Bullish Bias Exists, But It’s Constantly Built
According to Versias, XRP reaching $10,000 is not impossible. However, the world has it only about 2% are seen of the changes that will be needed for XRP to reach the $10,000 level.
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XRP has yet to reach $10, let alone maintain it. For any outstanding price levels to materialize, XRP will first need to break double digits at $10, and then hold above. From here, negotiations around $50, $100, or more become meaningful only after XRP has proven strength at each previous level.
Despite the criticism, Versluis has made it clear that his vision for XRP is not limited. He admitted that his situation has improved due to optimism developments such as ETF momentum, DeFi activity, and institutional interactions surrounding XRP and the XRP ledgercontinuing to improve.
Featured image from Adobe Stock, chart from Tradingview.com
