Okay, thanks. 5V does not sound as much, I mean what about 9V or even 12V, or what about a tube amplifier at 700V, you can use a 10:1 probe, but does that not change what you are able to detect?
The voltage limit specified for the oscilloscope input refers to DC current.
For AC current, the voltage limit drops very quickly with increasing frequency.
Usually oscilloscope has 5 Vrms max limit for AC current at 50 Ω input and about 40 Vrms at 1 MΩ input. Exact limit value depends on specific oscilloscope model.
Regarding 10:1 probe, it is the same, it's voltage rating specified for DC current. The voltage limit of 10:1 probe for AC is about 25-50 V.
If you apply 700 V AC to 10:1 probe it will be burned out and can damage your oscilloscope! Usually it release magic smoke at much lower voltage, for example 100 V AC is enough to burn out your 10:1 probe.
Also, 700 V AC is very dangerous. 700 V at 50 Ω load equals to 4900 W power. This is much more than microwave oven.