XRP's price dropped to $1.75 amidst a general downturn in the cryptocurrency market, with significant liquidations in Bitcoin and other assets. Despite the decline, some pundits have made very optimistic predictions, suggesting XRP could reach $10,000, though this is viewed as highly speculative. Analysts consider a more realistic long-term target for XRP to be between $4 and $5, especially given Ripple's ongoing IPO plans.