According to Versluis, anyone aggressively promoting those numbers is doing investors a disservice and misleading them. His argument is based on the fact that XRP has yet to demonstrate the ability to break above far lower price levels, making five-digit projections detached from present conditions.
To put this in context, gold currently has a market cap of about $31 trillion. The most realistic way that the token might reach $10,000 is for the circulating supply to decrease significantly.
Bullish Bias Exists, But Built Around ProgressionXRP has not even reached $10, let alone maintained it. In order for any outstanding price levels to become a reality, XRP would first need to break above double digits $10, and hold above. From here, discussions about $50, $100, or higher only become meaningful after XRP proves strength at each preceding level.
