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- Analyst Steph predicts all XRP holders will become millionaires, citing the 2017 bull run.
- XRP dropped to $1.76 but rebounded, though uncertainty remains.
The cryptocurrency market remains turbulent, with XRP experiencing significant price fluctuations. Market analyst Steph asserts that all XRP holders will become millionaires as they recover from recent price declines. Steph relates the current XRP price movement to the 2017 bull run and predicts additional gains will happen in the near future.
The value of XRP experienced a new yearly minimum point of $1.76 on February 3 but recovered to surpass the $2 mark. However, the price recovery has not prevented the asset from falling 22% during the past week. The most recent market information indicates that XRP maintains a trading price of $2.45, demonstrating a 3.95% downward shift during the last 24 hours.
According to Steph, the recent price correction serves as normal market behavior and does not affect XRP’s future growth outlook. The analyst believes XRP will grow significantly based on historical price trends from the 2017 bull cycle.
Historical Trends and Bull Run Comparisons
During the 2017 market cycle, XRP initially underperformed before entering a strong uptrend in early 2017. Over three months, the asset recorded an 802% price increase from March to May of that year. Steph suggests that XRP is mirroring this pattern in the current bull cycle, citing a similar surge from $0.5089 in November 2024 to $3.4 in January 2025—an increase of 568%.
The analysts add that XRP will probably follow up its existing rally with a subsequent phase of price increase. The projected continued growth path of XRP demonstrates indicators that the cryptocurrency might accomplish amazing market achievements, which will greatly affect investor portfolios.
Despite Steph’s confidence, some market analysts question whether XRP is still following the 2017 fractal. Traders now doubt XRP’s ability to follow its previous performance patterns because the asset dropped below $3. Analyst Dom identified XRP as straying from its traditional price development, which might suggest that present market conditions will generate divergent results.
In my opinion, 2017 is now irrelevant
I see many trying to pinpoint comparison to 2017 still, I think it's a waste of time
The fractal has broken. We are in a new era and game now…
Sometime the rear view helps, but not anymore IMO pic.twitter.com/03ePoONaNV
— Dom (@traderview2) February 4, 2025
Price Projections and Feasibility of Millionaire Status
Within the crypto community, Steph’s prediction that every XRP holder will turn into a millionaire has initiated various points of discussion. Most XRP holders, according to the XRP Rich List, keep their tokens within the range of 20 to 500 units. A $1 million value for a 20 XRP holding demands XRP tokens to reach a price of $50,000 each. The asset needs to rise to $2,000 per token before a 500 XRP balance could achieve 7 digits in the million-dollar range.
While these projections seem ambitious, Steph’s statement is likely a symbolic way of expressing confidence in XRP’s potential upside rather than a literal prediction. Investors remain divided on whether XRP can achieve such extreme valuations, especially given the current market conditions.
