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Cryptocurrency News Articles
XRP Might Make All Holders Millionaires, Claims Market Expert
Feb 06, 2025 at 11:30 pm
Based on a historical study of XRP's price movement in 2017, this assertion makes the implication that the altcoin is set for a similar bull run.
A market expert has boldly proclaimed that all XRP holders might ultimately become millionaires. Based on a historical study of XRP’s price movement in 2017, this assertion makes the implication that the altcoin is set for a similar bull run. For many XRP community members, crypto analyst Steph’s viewpoint offers a ray of hope despite current turbulence.
However, this positive view is challenged by present market dynamics—including the asset’s recent 22% weekly decline. Let’s delve deeper into Steph’s analysis and examine the likelihood of XRP reaching new all-time highs.
XRP: Historical Parallels With 2017 Surge
Steph’s optimistic predictions are largely based on the performance of XRP during the 2017-2018 bull run. In that period, the altcoin saw a meteoric rise, increasing by 802% from March to May 2017. This surge followed a relatively quiet period, with the coin initially lagging behind other cryptocurrencies.
Fast forward to 2024, and XRP has once more exhibited a remarkable increase. Surging nearly 570% from November 2024 to a top of $3.4 in January 2025, the altcoin’s price movement is indeed showing some parallels to the 2017 bull run.
If we were to use the 2017 price fractal as a guide, Steph argues that XRP is only about halfway through its expected ascent. The analyst’s examination of the 2017 price chart reveals that, after the first leg of the surge, the asset consolidated before beginning a second climb.
According to Steph’s analysis, XRP’s first ascent in 2024 ended around January, and the consolidation period is now coming to a close. This analysis suggests that a second ascent may drive the asset considerably higher, maybe reflecting the price movement registered in 2017.
The Road To $50,000 Per Token
Steph’s analysis has sparked excitement among XRP holders, who are now wondering if such a rally will turn them into millionaires. The study indicates that, although still rather hypothetical, there is a big possibility.
For instance, the price per token would have to be $50,000 if one wanted a 20 XRP ownership to be worth $1 million. In the same vein, a 500 XRP-holder would need the price to reach $2,000 to make their holdings worth $1 million.
Although these figures are staggering, they show the significant influence a large surge could have on portfolios of holders. However, whether such price levels are realistic is still uncertain.
Deviation From 2017 Path: A New Fractal?
Not every researcher shares Steph’s hope. Examining XRP’s present price movement closely reveals some variations from the 2017 trend. XRP dropped significantly from its January high of $3.4, lately falling below $3.
Analyst Dom has claimed that XRP might not go the same route as it did in 2017, suggesting a fractured fractal. Should this be the case, the cryptocurrency may be on a fresh path where future expansion is not correlated with historical price trends.
Dom’s analysis suggests that XRP might be forming a new fractal, which could lead to a different price pattern compared to 2017. This analysis adds another layer of complexity to XRP’s price projections.
Market Volatility: Change In Trend Or A Regular Setback?
In spite of these anomalies, XRP has a long-term bright future. Recent price swings of the asset are considered as normal ebb and flow of the market. Correction times are expected, as with any high-growth asset.
At $2.44 right now, XRP dropped almost 4% over the past 24 hours. Still, experts remain optimistic since the asset has great room for expansion.
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