Pundit Warns XRP Investors Against Unrealistic $10,000 Price Predictions

Mason Versluis, a crypto commentator, warns XRP investors against unrealistic price predictions of $10,000, citing them as detached from reality and potentially misleading.

Key Points

XRP price predictions have been increasingly optimistic, with some speculating values as high as $10,000.
Versluis argues that such predictions are unfounded given XRP has not surpassed significantly lower price levels.
The current XRP circulating supply is about 66 billion tokens, translating to a market cap of $141.9 billion. A $10,000 price would imply a market cap of roughly $660 trillion, far exceeding the combined value of the top 100 assets by market cap.
For XRP to reach such heights, significant changes in its circulating supply or market dynamics would be necessary.
Versluis believes discussions on higher price levels should be grounded in current performance and realistic progression.

Current Outlook

While skeptical of extreme predictions, Versluis maintains an optimistic view on XRP due to factors like ETF momentum, DeFi activity, and institutional engagement.
XRP's potential growth hinges on establishing and maintaining price levels beyond $10 before considering higher targets.

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