Most XRP community members do not believe the coin is capable of rising to a realistic target price of $10 in its lifetime.
The community members expressed this view in a recent X poll conducted by seasoned crypto investor Dennis of Virtual Bacon.
Final Results
The poll, which was created recently, asked XRP community members whether $10 is a realistic long-term target for XRP. Respondents were asked to indicate whether they believed XRP could clinch the target by selecting the ‘Yes’ or ‘No’ option.
The final result showed that about 7,114 XRP community members participated in the poll. Notably, 53% of the total respondents, or 3,770 users, do not think $10 is a realistic long-term target for XRP.
In contrast, the remaining respondents, representing 3,344 users, believe the $10 price is a realistic target. Nonetheless, the poll result signals skepticism in the XRP community regarding the coin’s potential to soar to a double-digit price, like $10.
One user expressed doubt about XRP reaching the target, noting that 100% of its supply was pre-mined, with the coins consistently ‘dumped’ into the market. This commentary refers to Ripple’s continuous release of XRP into the market every month.
Recall that Ripple locked 55% of XRP’s supply in escrow back in 2017. Since then, the company has been releasing 1 billion XRP from escrow and locking back up to 800 million of the released tokens. This practice adds approximately 200-300 million tokens to the supply each month.
While XRP’s price usually remains stable during each escrow release, some community members claim the practice has severely battered the coin’s performance over the years. As a result, most users do not see $10 as a realistic target for XRP.
Analysts Envision XRP Hitting $10 This Year
For context, hitting the $10 target demands a surge of 371.69% from the current price of $2.12. At this target, XRP’s market cap would skyrocket to around $588 billion, assuming no significant changes occur to the coin’s 58.82 billion circulating supply.
Although most X users do not consider the $10 target realistic, as reflected in the recent poll, several analysts are still optimistic about the prediction.
Earlier, popular market commentator “DK64Trades” suggested that XRP would easily surpass the $10 target this year. The expert backed his argument by comparing XRP’s dominance in the current cycle with that of January 2018, when the coin registered an all-time high of $3.84.
According to the expert, despite XRP soaring to around $3.30 in January 2025, its market dominance remained at 5%. However, in January 2018, when XRP reached an all-time high of $3.84, the coin’s dominance rose to 31.33%.
Last month, popular Bitcoin enthusiast George Tung predicted that XRP’s price would rally to the $10 mark this year.
Although the recent poll suggests otherwise, it is worth noting that the poll was created by a Bitcoin proponent who has been a longstanding XRP skeptic. Hence, there is a possibility that some Bitcoin proponents also participated in the poll, which may have impacted the final result.