A bold statement from the team behind First Ledger suggests the market may be undervaluing XRP.
In a post on X, First Ledger claimed traders are selling what it considers a “$10 coin” for about $1.34. This implies the asset is significantly undervalued at current prices.
The comment comes as XRP trades around $1.38 at press time, reflecting a 2.2% gain over the past 24 hours. Despite the short-term recovery, the token remains under pressure on a broader timeframe.
Over the past two months, XRP has fallen roughly 35%, and it sits more than 60% below its 2025 peak of $3.66.
Key Points
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First Ledger claims investors are selling what could be a $10 XRP for about $1.34, suggesting the asset may be undervalued.
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XRP trades near $1.38, up 2.2% in 24 hours, but remains over 60% below its 2025 peak of $3.66.
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The claim sparked debate, with some predicting $10+ for XRP while critics question its tokenomics and supply growth.
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Despite skepticism, some analysts believe XRP could be nearing the end of its bearish phase after a steep decline.
Community Divided Over XRP’s True Value
The claim drew mixed reactions from the crypto community. Some users agreed with the sentiment that XRP’s current valuation does not reflect its long-term potential.
Specifically, X user Justin Dudley suggested the asset could be worth far more than $10. In response, First Ledger said it was simply trying to remain modest with its estimate.
im trying to stay modest
— First Ledger (@First_Ledger) March 9, 2026
Others, however, pushed back against the optimistic outlook. A few critics argued that even if XRP were to reach the $10 level, the move could be followed by a swift correction based on the asset’s historical price behavior.
Some skeptics issue bearish projections suggesting the price could drop further. One X user specifically predicted a move toward the $0.50 range, citing similar declines in previous market cycles.
“XRP Has Been Trading for 12 Years”
Meanwhile, X user @bingo_smalls took the criticism even further. He pointed out that “XRP has been trading for over 12 years,” stressing that despite more than a decade of market presence, “it has never even reached $4,” the commenter lamented.
He argued that all the spot ETFs investing in XRP and the incoming Clarity Act cannot change what he considers “bad tokenomics.”
The X user went on to point out that XRP had a circulating supply of 43 billion tokens in 2019. But by 2026, the figure had increased to 61 billion. In his view, this “dilutes the price.”
buddy! come on! $XRP has been trading over 12 years!, thats right over 12 years! and has never even reached 4 bucks! All the ETFs and the Clarity Act cant change bad tokenomics! $XRP CS was 43B in 2019 now its 61B and grows with every unlock which in turn dilutes the price!
— cryptos_smalls (@bingo_smalls) March 9, 2026
It is worth mentioning that while XRP has indeed been trading for over a decade, the coin actually started with two zeros in its price. For instance, it had an all-time low of $0.0028, which, relative to its present price, represents a 49,188.24% gain.
However, many continue to criticize XRP’s price as it has remained below its $3.84 peak for more than eight years and counting.
Market Watches for a Rebound
Despite the divided opinions, many investors believe XRP could be approaching the end of its current bearish phase. After losing more than half its value from last year’s high, analysts are watching for signs of a rebound.
Ultimately, whether XRP can recover toward previous highs, or even approach the $10 level suggested by First Ledger, will depend on Bitcoin’s momentum and renewed demand for the asset in the months ahead.