Crypto exchange Bitrue made a bold statement on Tuesday, claiming that XRP is trading far below its true value. With the token priced around $1.42, Bitrue estimates its fair value at $10—over seven times higher, which would give it a market cap exceeding $610 billion.
Derivatives Data Tells a Different Story Than the Price Chart
Activity in the futures market is drawing attention. According to CoinGlass, XRP’s open interest rose to $2.60 billion, a 7% increase in just one day. This kind of movement during a price decline typically signals that traders are opening new positions, and they appear to be leaning long.
Analysts have noted the pattern. Short positions aren’t accumulating as they usually do in a bearish market. Instead, traders seem to be buying during the dip, suggesting many anticipate a price recovery rather than a continued drop. XRP has fallen nearly 4% over the past week, but the futures market isn’t acting as if it expects more downside pressure.
What the Charts Say About Possible Downside
Not all analysts believe the bottom is in. One technical analysis suggests XRP may still be in a corrective phase—what Elliott Wave traders refer to as a Wave 2/5 retracement. Under this view, the price could briefly rise toward $1.51 before pulling back more sharply.
Key support levels to watch include $1.12, where a double-bottom pattern could form, and $0.87, which many see as a strong long-term accumulation zone. Some interpret the current price action as a late-stage shakeout—a test of investor resolve before a larger upward move.
This tension lies at the heart of XRP’s current situation: the short-term and long-term outlooks are not aligned.
XRP: Long-Term Targets Remain in Play Despite Recent Weakness
Long-term forecasts for XRP haven’t changed. Price targets of $5 and above—including Bitrue’s $10 figure—continue to circulate among analysts and the community. These targets are linked to broader narratives like growing institutional interest, Ripple’s resolved legal battle with the SEC, and expanding adoption of blockchain-based payment infrastructure.
Missouri recently moved to recognize XRP as an official reserve asset, adding a layer of institutional credibility the token lacked a few years ago.
Skeptics remain, however. XRP has a history of slow gains interrupted by sharp pullbacks, and even those who believe in a $10 target acknowledge that significant volatility could accompany any move toward that level.
For now, XRP is trading in a narrow range, down for the week but holding steady. The derivatives market suggests traders aren’t exiting—they’re waiting.
Frequently Asked Questions
Frequently Asked Questions About Bitrues 10 XRP Prediction
Basics Background
Q What is Bitrue and why are they talking about XRP
A Bitrue is a cryptocurrency exchange that has been a strong supporter of XRP They often share market analysis and opinions and recently stated they believe XRP is significantly undervalued and should already be worth 10
Q What does XRP should be valued at 10 mean
A It means analysts at Bitrue believe the current market price of XRP is far too low based on its utility adoption and potential They think its fair value based on their analysis is around 10 per token compared to its current price of a few dollars
Q Is this an official price prediction or guarantee
A No This is an opinion and analysis from Bitrue not a guarantee Cryptocurrency prices are highly volatile and influenced by many unpredictable factors
Market Trading Context
Q Why do they think XRP is worth 10 Whats their reasoning
A While Bitrue hasnt published a full detailed report common arguments for a much higher XRP valuation typically include massive potential use in crossborder payments by banks and financial institutions resolution of its major legal case with the SEC and its high speed and low cost compared to other assets
Q What does traders are placing bets mean
A This refers to traders using financial instruments like futures contracts options or simply buying large amounts of XRP in anticipation of the price rising to 10 They are betting their money on this outcome
Q Are other experts or exchanges saying the same thing
A Opinions vary widely in crypto Some analysts and community members are very bullish on XRPs longterm potential while others are skeptical about it reaching 10 in the near future Its important to research multiple sources
Risks Considerations
Q What are the main risks of betting on XRP reaching 10
A Major risks include regulatory uncertainty competition from other cryptocurrencies slowerthanexpected adoption by institutions and overall crypto market downturns that can drag all prices down