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A veteran Bitcoin investor has disclosed plans to invest $1 million in XRP after the founder of PhoenixReborn raised an alarm about an imminent price collapse.
Specifically, in a post on X, the PhoenixReborn founder tweeted that an XRP flash crash is “imminent.”
The post drew significant attention. Dr. John questioned why the warning sounded more enthusiastic than concerned: “Why does it feel like you are more excited about a crash than a moonshot?”
Meanwhile, a remarkable response came from longtime crypto investor Pumpius, who famously bought Bitcoin in 2013. He revealed that he has placed deep limit orders to buy 1 million XRP tokens at $1 each.
At $1 per token, that position would cost $1 million. This suggests a high-profile bet to accumulate XRP cheaply and benefit from a potential market rebound.
Got my limit orders set at $1 for 1,000,000 XRP 😎 https://t.co/2xzcIgdvWW
— Pumpius (@pumpius) December 5, 2025
XRP Still Holds Above $2, No Flash Crash Yet
Despite the chatter, no flash crash has occurred at press time. XRP is currently trading at $2.04, down 2.04% over the past day and 6.3% over the week. The monthly chart shows a 12.33% decline as the market continues to search for stability.
The current price action comes as Bitcoin trades at $89,681 after falling 2.57% over the past day. Notably, an XRP price crash to $1 from here would represent a harrowing 50% decline that could severely damage investor sentiment.
Meanwhile, the projection by the PhoenixReborn founder suggests such a drop could occur in a sudden flash, with the price snapping back almost immediately. Such an outcome would leave unprepared traders with no time to capitalize on the buying opportunity.
However, those with limit orders already set, such as the ones Pumpius hinted at, would benefit from it.
Flashback to XRP’s 56% Flash Crash in October
The outlook for sudden, violent dips has a precedent. On October 10, 2025, XRP experienced one of the wildest trading days in its history. Its price collapsed from $2.83 to $1.25 within hours. Interestingly, it rebounded to $2.45 shortly afterward. That was a classic 56% crash followed by a near 100% recovery.
The catalyst at the time was a shocking announcement from President Donald Trump, who imposed steep new tariffs on China. The news triggered $1.65 trillion in losses from U.S. stocks, $19 billion in crypto liquidations, and Bitcoin falling from $122,550 to $102,000.
Community analyst Vincent Van Code noted that opportunistic traders who had deep limit orders — such as buy orders at $1.30 — walked away with near-instant million-dollar gains.
This historical context makes today’s warnings feel more believable. Accordingly, Pumpius appears eager to benefit from a similar opportunity.
Why Crash Fears Are Rising: Brandt’s Historic 75% Drop Pattern
Concerns of a sudden market-wide correction come amid warnings from legendary trader Peter Brandt, who suggested Bitcoin could plunge as much as 75% before resuming its long-term bull trend.
Brandt highlighted that every Bitcoin bull cycle since 2009 has seen a severe correction between 74% and 86% after breaking its trendline. He stressed that there are “no exceptions.”
Given XRP’s close correlation with Bitcoin’s movement, traders expect that a deeper BTC correction could trigger cascading volatility across altcoins, including the type of flash crash Pumpius hopes to capitalize on.
There have been five major bull market cycles in $BTC since inception. In all previous cycles the violation of the dominant parabolic advance has been followed by a 75%-plus correction — NO EXCEPTIONS!!
You better have a great reason to bet against this pattern. pic.twitter.com/Ca7wBlgmWR— Peter Brandt (@PeterLBrandt) December 1, 2025
Big Buyers Are Already Positioning for Dips
Pumpius is not alone. Major figures have been accumulating XRP during periods of market weakness.
On November 19, Barstool Sports founder Dave Portnoy revealed he bought $1 million worth of XRP during a rapid market downturn. Eric Trump applauded the move, calling it a “smart trade.”
Portnoy described his purchase as classic “blood in the streets” buying.
Will XRP Actually Hit $1 Again?
At present, XRP shows no signs of collapsing toward Pumpius’ target. However, several analysts, including EGRAG, believe a dip to $1 remains possible for XRP in a bear market.