TLDR
- A recent poll showed that 53 percent of XRP community members do not believe the coin can reach $10.
- Over 7,000 participants took part in the poll conducted by crypto analyst Dennis of Virtual Bacon.
- Ripple releases one billion XRP monthly from escrow and re-locks up to 800 million of those tokens.
- Community members believe the ongoing token releases are limiting XRP’s price potential.
- Reaching a $10 price would require XRP’s market cap to rise to approximately $588 billion.
A recent poll conducted by Dennis of Virtual Bacon revealed growing skepticism among XRP holders about a $10 target. Over 7,000 community members participated in the survey on X, expressing mixed sentiment on XRP’s long-term potential. Most respondents believe the coin may not achieve a double-digit valuation at any point in its lifespan.
The poll recorded 7,114 responses, with 53% indicating that $10 is not a realistic goal for XRP. In contrast, 47% expressed confidence that XRP could eventually reach that level. The split underscores a divided outlook within one of the most active crypto communities.
The ongoing debate comes amid consistent market behavior and supply trends that influence XRP’s valuation. Ripple’s scheduled token release from escrow adds millions of coins monthly, affecting perceived scarcity. This pattern continues to fuel concern about long-term price suppression.
Escrow Release Fuels Doubts Over XRP Growth
Ripple locked 55% of XRP’s supply in escrow in 2017 to manage long-term distribution. Every month, the company releases one billion XRP and returns 800 million, increasing the circulating supply by up to 300 million. This practice contributes to fears about inflationary pressure on the token’s price.
Community members point to the steady release as a limiting factor in XRP’s price movement. While the price usually remains steady after each release, critics argue it restrains bullish momentum. Consequently, the coin’s ability to reach higher valuations remains in question among many holders.
One user raised concerns about XRP’s pre-mined nature, suggesting it affects the coin’s market appeal and price action. Ripple’s steady selling into the market also draws criticism from long-term participants. These issues continue to shape the broader market sentiment toward XRP.
Market Cap Requirement Hinders XRP Price Expectations
At the time of the poll, XRP traded at $2.12 and had a circulating supply of 58.82 billion. Reaching $10 would require a 371.69% price increase and a $588 billion market cap. Such a figure would place XRP among the most valuable digital assets globally.
Is $10 a realistic long-term price target for $XRP?
— VirtualBacon (@VirtualBacon0x) May 25, 2025
Despite the poll’s bearish views, some analysts still predict a sharp rise in XRP’s price. One market watcher, DK64Trades, compared current metrics to XRP’s 2018 rally, when it peaked at $3.84. Another prediction from George Tung, based on historical price trends, predicts a climb to $10.
Skeptics highlight the poll’s origin, noting Dennis’s known criticism of XRP and his pro-Bitcoin stance. The potential influence of Bitcoin supporters participating in the poll remains a concern for XRP advocates. Nonetheless, the result presents a clear picture of current community sentiment around the token’s price ceiling.
