An XRP community pundit has challenged critics who insist XRP cannot reach $10 within a month, citing data from the most recent explosive run.
While XRP has struggled over the past few days, down 14% in the last week, on the back of a broader market correction, community members remain optimistic in the token’s long-term fundamentals, arguing that a rebound to greater heights could ensue once market conditions improve.
The XRP to $10 Chants
One target some analysts have been eyeing is $10. For instance, last month, market commentator Zach Rector suggested that it would turn into a riot when XRP eventually pushes toward $10. Analyst CryptoBull also claimed that those who sold their holdings would likely come back when XRP surpasses the $10 mark.
Interestingly, Baron Dominus, a market watcher, also predicted a possible XRP run to $10 in October, but claimed it could happen within a month. Responding, “Scam Detective,” an XRP critic, expressed strong pessimism, even insisting that they place a bet on the outcome.
Can XRP Hit $10 Within a Month?
While Dominus’ projection did fail to materialize, as XRP faced difficulties on its path to the $10 mark last month, some XRP proponents have kicked against the idea that the token is not capable of reaching $10 within a month.
For instance, Fefe, an XRP community commentator, took a jab at the individuals who argue against this possibility. Fefe cited historical data showing XRP had, in the recent past, engineered the sort of upsurge necessary for it to reach the $10 price level. However, even his data underestimated XRP’s run.
Specifically, after Donald Trump’s election victory on Nov. 4, 2024, XRP, which traded for $0.50, experienced an impressive surge on the back of a market run. By Dec. 3, 2024, XRP had reached a peak of $2.9, its highest price in seven years at the time. Interestingly, this marked an impressive 480% increase within a month.
Notably, this upsurge happened just a year ago, confirming that, amid current market conditions, XRP does have the capacity to rally 480% within a month. With XRP currently trading for $2.3 at press time, if the altcoin replicated a similar 480% rise from here, its price would increase to $13.34.
However, it is important to note that a 480% increase from $2.3 to $13.34 would be more challenging than a 480% rise from $0.5 to $2.9. This is largely due to market cap constraints, as the former uptick would demand more capital inflows due to XRP’s larger valuation. Nonetheless, a rally to $13 within a month remains a possibility for XRP despite it being uncertain at this point.