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The concept of $XRP creating more millionaires has sprung up among investors as the latest drop to 15-month lows opens up dip-buying opportunities.
$XRP suffered some of the most devastating blows during the Thursday, Feb. 5 market crash. Specifically, the crypto asset dropped 19.62% that day before correcting further to a floor price of $1.11, marking its lowest value in 15 months. For context, the last time $XRP saw $1.11 was during the November 2024 rally.
However, despite the psychological impact of the crash on investor sentiment, some saw the drop to $1.11 only as another opportunity to purchase more $XRP tokens for lower prices. Notably, Santiment found that multiple whales accumulated $XRP during this dip. Nonetheless, the question remains: could $XRP make more millionaires by recovering from the recent dump?
Key Points
- $XRP suffered a devastating blow on Thursday, Feb. 5, crashing 19% in what was its most bearish day since May 2021.
- The sudden collapse pushed $XRP from the $1.5 price to $1.13 on Feb. 5, and it eventually slipped to a 15-month low of $1.11 the next day.
- While this downturn impacted investor sentiment, leading to a fearful environment, some regarded it as an opportunity to purchase $XRP cheaper.
- Santiment data shows that $XRP saw a surge in whale accumulation as well as active addresses during the collapse.
- However, whether $XRP could actually make millionaires out of everyday investors with a recovery from this crash remains uncertain.
- An investor would need to have invested $300K at the $1.11 low to become a millionaire if $XRP reclaims the $3.66 peak.
$XRP Collapses to 15-Month Low
Notably, as the Q4 2025 downturn persisted until the end of 2025, $XRP closed the year at $1.84. After an initial push to $2.41 in early January 2026, the market slipped back into a downward trend, and the latest Feb. 5 crash built on the selling pressure from this downtrend.
Specifically, $XRP dropped 19.6% on Feb. 5. This marked its biggest intraday decline since May 19, 2021, when it collapsed 33.43%. Interestingly, the 19.6% drop on Feb. 5 was steeper than the Terra-inspired crash of 19.19% on May 11, 2022, and the FTX-led drop of 18.43% on Nov. 9, 2022.
After dropping 19.6% on Feb. 5, $XRP saw further declines the next day, dropping to $1.11 before recovering immediately. For context, the last time $XRP saw the $1.11 price was during the November 2024 rally, when it pushed past the price area. It hadn’t revisited this price till now.
A “Buy-the-dip” Opportunity?
Despite the prevalent bearishness, some market commentators have revealed that they regarded the latest drop as an opportunity to “buy the dip.” Interestingly, Santiment also confirmed that large whales accumulated more $XRP tokens during the drop in what seemed like a “buy-the-dip” campaign.
Shortly after the drop to $1.11, $XRP staged a recovery push that took it above the $1.4 level. While $XRP has faced a roadblock to this recovery, it remains up over the past 24 hours. Amid this effort, we recently assessed how much an investor would have had to invest in the $XRP dip to become a millionaire if $XRP recovered to $3.66.
Can $XRP Make More Millionaires?
Indeed, the dip to $1.11 brought an opportunity to purchase $XRP cheaper, but whether such a decision would yield much higher gains remains speculative. For instance, a $50,000 investment would have procured 16,666 $XRP at $3. When it dropped to $1.11, the same amount would have amassed 45,000. Today, as $XRP trades for $1.39, it will purchase 35,971 $XRP.
Meanwhile, should $XRP recover to its peak price of $3.66, an investor would need to hold 273,224 $XRP tokens to become a millionaire. At the $1.11 price, these 273,224 tokens would have gone for $303K. Today, investors can procure these tokens for $379K. However, there is no guarantee $XRP can reclaim $3.66, so this should not pass as investment advice.