XRP Slips To $1.65, But History Whispers: Millionaires Were Made This Way
Major cryptocurrencies fell to multi-month lows, with XRP dropping 20% to $1.65, Bitcoin declining to $74,100, and Ethereum crashing to $1,390. XRP's decline marks its worst trading day since November 2024. Bitcoin's price is at a five-month low, while Ethereum has decreased by 60% over the past 90 days, returning to early 2023 levels. Some market veterans suggest that past downturns have led to significant recoveries, citing the 2019 COVID-19 crash when Bitcoin fell to $3,850 and later surged to $69,000. Analysts believe the current downtrend may present buying opportunities. If XRP mirrors its historic growth, investors holding 22,500 tokens could see their value reach $1 million if the price hits $50 per token. XRP has previously shown substantial growth since its March 2020 low of $0.11, reaching $1.96 in 2021 and $3.40 in the current cycle.
