A recent poll among XRP holders has highlighted doubts about the possibility of reaching a price target of $10. This article explores the opinions of community members and the potential reasons behind their discontent.
Poll Results
According to a poll conducted by Dennis from Virtual Bacon, most XRP holders do not see $10 as a realistic target. Out of over 7,100 participants, 53% responded negatively, while 47% still hope to reach that price.
Token Issues
Some users noted issues with the token, particularly the ongoing monthly unlocks by Ripple, perceived as a 'constant dump' on the market. Ripple unlocks 1 billion XRP from escrow each month and typically locks back about 800 million, leaving 200-300 million for circulation.
Hopes and Doubts
Despite the skepticism, some analysts like DK64Trades point to the potential for XRP to reach $10 if it can regain market dominance similar to previous cycles. However, the overall sentiment within the community continues to trend towards pessimism.
The question of whether XRP can reach $10 is causing significant division within the community. While some remain hopeful, others prepare for the possibility of disappointment.
