Even some XRP bulls have begun to distance themselves from forecasts of $10,000 for the token. They argue that the current market structure and technical trend make it difficult to justify reaching $1,000, let alone $10,000.

On Feb. 24, blockchain outlet The Crypto Basic reported that crypto analyst CryptoBull said in a recent post, "There is nothing you can chart that would justify a $10,000 or $1,000 price for #XRP at this moment in time." He added that based on the long-term chart structure, a rise to $28, and even to around $70, is technically possible. XRP is trading at around $1.4.

Under his analysis, if XRP reaches $28, its market capitalisation would be about $1.7 trillion. If it rises to $70, it would reach about $4.27 trillion. The figures are still aggressive, but are seen as more realistic than the $10,000 scenario.

The $10,000 forecast has been raised several times since last year. Jake Claver of Digital Ascension Group has argued that XRP is designed (programmed) so that network efficiency is maximised at high prices. The logic is that the higher the token price, the more useful it becomes because institutions can move large sums with fewer tokens.

Critics, however, point to the market-capitalisation problem. If XRP reaches $10,000, its total market value would exceed $600 trillion, far surpassing the current size of the global crypto market. Alex Caraco (알렉스 카라코), a former chief executive of the Australian stock exchange, warned that such excessive forecasts could mislead new investors, and said the market must go through a process of step-by-step adoption and growth.

This has set up a clash within the XRP community between setting realistic targets based on technical analysis and the view that structural expansion in adoption could lead to an exponential revaluation. Experts advise that breaking through key resistance zones such as $3, $5 and $10 should come first, and say there is a need to focus on achievable milestones rather than five-digit price targets.

There is nothing you can chart that would justify a $10,000 or $1,000 price for #XRP at this moment in time. However, a $28 and $70 price is in the charts!