The debate over how high the XRP price can climb has been ongoing amongst members of the crypto community. Recently, a prediction of the cryptocurrency reaching as high as $10,000 was made, but its validity is still heavily debated. To weigh in on the matter, Zach Rector has explained why he doesn’t believe this is possible.

In his post on X (formerly Twitter), Rector stated that a Currency Reset and Debt Restructuring would need to occur before the altcoin can even reach a much lower price point of $50. He suggests that, instead of making price predictions, the question to be asked is, “How high will XRP go before we have a RESET?”

One user responded to Rector’s tweet to say that it is in fact possible for XRP to reach $10,000, but only if the current high inflation rates are maintained. However, they gave the cryptocurrency only a 5% chance of doing so.

The bullishness for the XRP price began following Ripple’s victory over the United States Securities and Exchange Commission (SEC) in July. The coin’s rally has since slowed, but crypto analysts remain optimistic, with some claiming the price could reach $130 or even $500.

XRP’s trading volumes, consistently above $1 billion, show that investors are heavily involved in the coin. Additionally, Ripple’s progress in the payments sector, as well as its work with countries on Central Bank Digital Currencies (CBDCs), further fuel the sustained bullishness.

Featured image from Yahoo Finance, chart from Tradingview.com.