thecryptobasic.com 
A bold statement from the team behind First Ledger suggests the market may be undervaluing $XRP.
In a post on X, First Ledger claimed traders are selling what it considers a “$10 coin” for about $1.34. This implies the asset is significantly undervalued at current prices.
The comment comes as $XRP trades around $1.38 at press time, reflecting a 2.2% gain over the past 24 hours. Despite the short-term recovery, the token remains under pressure on a broader timeframe.
Over the past two months, $XRP has fallen roughly 35%, and it sits more than 60% below its 2025 peak of $3.66.
Key Points
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First Ledger claims investors are selling what could be a $10 $XRP for about $1.34, suggesting the asset may be undervalued.
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$XRP trades near $1.38, up 2.2% in 24 hours, but remains over 60% below its 2025 peak of $3.66.
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The claim sparked debate, with some predicting $10+ for $XRP while critics question its tokenomics and supply growth.
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Despite skepticism, some analysts believe $XRP could be nearing the end of its bearish phase after a steep decline.
Community Divided Over $XRP’s True Value
The claim drew mixed reactions from the crypto community. Some users agreed with the sentiment that $XRP’s current valuation does not reflect its long-term potential.
Specifically, X user Justin Dudley suggested the asset could be worth far more than $10. In response, First Ledger said it was simply trying to remain modest with its estimate.
im trying to stay modest
— First Ledger (@First_Ledger) March 9, 2026
Others, however, pushed back against the optimistic outlook. A few critics argued that even if $XRP were to reach the $10 level, the move could be followed by a swift correction based on the asset’s historical price behavior.
Some skeptics issue bearish projections suggesting the price could drop further. One X user specifically predicted a move toward the $0.50 range, citing similar declines in previous market cycles.
“$XRP Has Been Trading for 12 Years”
Meanwhile, X user @bingo_smalls took the criticism even further. He pointed out that “$XRP has been trading for over 12 years,” stressing that despite more than a decade of market presence, “it has never even reached $4,” the commenter lamented.
He argued that all the spot ETFs investing in $XRP and the incoming Clarity Act cannot change what he considers “bad tokenomics.”
The X user went on to point out that $XRP had a circulating supply of 43 billion tokens in 2019. But by 2026, the figure had increased to 61 billion. In his view, this “dilutes the price.”
buddy! come on! $XRP has been trading over 12 years!, thats right over 12 years! and has never even reached 4 bucks! All the ETFs and the Clarity Act cant change bad tokenomics! $XRP CS was 43B in 2019 now its 61B and grows with every unlock which in turn dilutes the price!
— cryptos_smalls (@bingo_smalls) March 9, 2026
It is worth mentioning that while $XRP has indeed been trading for over a decade, the coin actually started with two zeros in its price. For instance, it had an all-time low of $0.0028, which, relative to its present price, represents a 49,188.24% gain.
However, many continue to criticize $XRP’s price as it has remained below its $3.84 peak for more than eight years and counting.
Market Watches for a Rebound
Despite the divided opinions, many investors believe $XRP could be approaching the end of its current bearish phase. After losing more than half its value from last year’s high, analysts are watching for signs of a rebound.
Ultimately, whether $XRP can recover toward previous highs, or even approach the $10 level suggested by First Ledger, will depend on Bitcoin’s momentum and renewed demand for the asset in the months ahead.
