Possible but it would be that hard for a newbie to pass up the challenge. It will really be requiring up 0.5% risks and having that 5% drawdown as i have based on experienced.
10% will be that needed up on phase 1 and 5% on phase 2 gain. This is on forex trading prop firms and you can test out some challenge on 10k account for the price of $100.
You would definitely be able to pass up if you do have that good trading experience and skills on which it will be that recommended that before you do try to have that challenge then make it sure that you will be knowing that risks management because prop firms will really be that strict when it comes to terms and conditions.

You can check out their objectives sample:
https://ftmo.com/en/#trading-objectives-table

I havent tested out on cryptocurrency exchange platforms if ever there's some prop firms that handles out crypto trades or challenges.
So far based up on experienced then i do only been wary about on forex prop firms.