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- Early Bitcoin investor sets a $1M $XRP buy order at $1 as the market sells off
- Pumpius’ $1M Bitcoin order filled at $66.5K, while the $XRP order remains open
- $XRP plunges nearly 70% from its peak, reigniting debate over a $1 retest
- Some analysts see the dip as brief, while others warn of further downside
A well-known early Bitcoin investor is making a bold bet on $XRP as the market reels from one of its steepest corrections in months.
Pumpius, an investor who has publicly disclosed buying Bitcoin as early as 2013, revealed that he has placed a $1 million buy order for $XRP at exactly $1. The move suggests he is positioning for a deeper $XRP price flush.
Key Points
$1M Bitcoin and $XRP Orders
In a post shared today on X, Pumpius stated that he placed two aggressive limit orders: one for Bitcoin and another for $XRP.
According to his tweet, he set orders to buy $1 million worth of Bitcoin at $66,500 and $1 million worth of $XRP at $1.00. He even urged his followers to bookmark the call.
Shortly after, he confirmed that his Bitcoin order had already filled as BTC dipped sharply over the past day, briefly touching $60,000. The $XRP order, however, remains unfilled for now.
DONE. ☑️
— Pumpius (@pumpius) February 5, 2026
Notably, Pumpius first disclosed placing a $1 million $XRP buy order in December 2025, when $XRP was trading above $2. Today, $XRP is much closer to the $1 level.
$XRP Slides to $1.11 as Sell-Off Accelerates
Over the past 24 hours, $XRP dropped to around $1.11, marking a 26% daily decline and extending losses to 32% over the past week.
From its July peak of $3.66, $XRP is now down roughly 70%, placing it in what many traders are calling a historic correction. The sudden weakness has reignited debate over whether $XRP could briefly revisit the psychologically important $1 level.
Zach Rector: A Dip Below $1 May Be Brief
$XRP YouTuber and community commentator Zach Rector weighed in on the decline. He believes $XRP could momentarily fall below $1, but argues such a move may not last long.
Rector revealed that he is already preparing buy orders through brokerage firm Caleb & Brown. This suggests some market participants are treating the ongoing drop as an accumulation opportunity ahead of the next uptrend.
$XRP could go below $1 but I don’t expect it to last long. I’m setting up my order on Caleb and Brown now ✅
— Zach Rector (@ZachRector7) February 5, 2026
Past Crashes Shape Trader Strategy
Experienced traders are drawing confidence from $XRP’s history of sharp but brief crashes. In previous sell-offs, such as one in October 2025, $XRP dumped heavily before rebounding quickly, rewarding traders who had deep limit orders in place.
This appears to be the strategy Pumpius is positioning for early. The move comes as broader market fear grows, with the crypto fear index now sitting at just 5, highlighting extreme fear across the market.
As volatility rises, traders remain divided between expecting another leg down and quietly preparing for a rebound.
Will $XRP Actually Print $1?
At the time of writing, $XRP remains above $1 and has rebounded to around $1.30, while Bitcoin trades near $65,000. Meanwhile, some analysts believe a deeper dip to $0.50 remains on the table for $XRP.