XRP’s price has experienced significant fluctuations in recent weeks. The asset dropped to a 2024 low of $1.76 on February 3, before rebounding above $2. Despite this recovery, XRP is trading at $2.31, down over 26% from last week.
The market turbulence has raised concerns among investors, but well-known analysts like Steph Is Crypto (@Steph_iscrypto) maintain that the correction is a temporary setback.
All #XRP holders will become millionaires.
No exceptions. pic.twitter.com/zoLebdj8um
— STEPH IS CRYPTO (@Steph_iscrypto) February 5, 2025
Analyst Draws Comparison to XRP’s 2017 Bull Run
Steph recently presented a case for XRP’s continued bullish trajectory, highlighting a historical pattern from the 2017/2018 market cycle, in which XRP initially underperformed before experiencing an exponential increase in value.
In late 2016, XRP struggled to gain momentum at the beginning of a broader market uptrend. However, by early 2017, it surged dramatically, recording three consecutive months of price increases from March to May. During this period, the token’s value skyrocketed by more than 800%.
Steph suggests that XRP is currently following a similar trajectory. Between November 2024 and January 2025, the asset’s price climbed from $0.5089 to $3.4, representing a 568% increase. Despite this substantial gain, he suggests that XRP has not yet reached its full potential and expects another surge that mirrors 2017.
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Can XRP’s Growth Make Every Holder a Millionaire?
Steph wrote in his post, “All #XRP holders will become millionaires. No exceptions.” While Steph and many others are confident that XRP will make millionaires, the feasibility of this claim depends on the scale of the anticipated price increase.
According to data from the XRP Rich List, most investors hold between 20 and 500 XRP. If the price reaches $50,000 per token, a 20 XRP holding would be valued at $1 million. Alternatively, at $2,000 per token, a 500 XRP portfolio would reach the million-dollar threshold.
While these figures illustrate the potential impact of a major rally, the extent of such an extreme price surge remains uncertain. Many analysts agree that XRP has room for further growth, but reaching such high valuations would require unprecedented market conditions.
Problems With the 2017 Pattern
Despite the similarities between the current market cycle and the 2017 run, some analysts believe XRP’s trajectory no longer aligns with its historical movement. A recent correction saw XRP fall below $3, and a prominent crypto analyst showed that this decline broke the 2017 fractal.
He believes the digital asset is following a different path, and confidently stated that comparisons to 2017 no longer apply to the chart. However, a swift recovery could put XRP back in a position to repeat the 2017 performance, and its trajectory over the next few days will be crucial.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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