A notable author has advised investors against selling their XRP in the latest dip, drawing from his experience with Bitcoin.
Notably, XRP has run into price trouble after finishing its strongest four-week rally of the year. From June 23 to July 20, the token surged 59%, rising from $2.01 to $3.45. However, this week, XRP has dropped 10.13% and returned to the $3 support zone, as the broader crypto market also dipped.
Nonetheless, while the pullback shook some holders, others in the community, including author Steve Shultz, are now telling investors to stay calm and avoid panic selling.
Shultz Advises Against Panic Selling
Shultz, who founded the Elijah List, revealed a personal mistake to make his point. According to him, he previously sold his Bitcoin holdings in a panic, and the decision cost him what would now be close to $2 million, even though he had only invested a few thousand dollars.
He said this mistake taught him the lesson of not letting fear dictate investment decisions. Using that example, he warned XRP holders not to repeat the same error.
Shultz also talked about an XRP “guru” who had urged his followers to keep buying, only to secretly sell his own tokens after listening to friends. Shortly after he sold, XRP surged, leaving him full of regret. According to Shultz, XRP will continue to swing in both directions, and investors should prepare for that kind of movement.
Interestingly, John Squire, an XRP community commentator, shared similar advice last week. He compared XRP’s current position to where Apple stock stood in 2007 before the iPhone launch. Back then, Apple traded for about $3 per share.
Notably, after the iPhone hit the market, the stock climbed over the years, eventually hitting $260 by December 2024. This represented an 8,566% gain in seventeen years. Squire’s commentary suggested that XRP could follow a similar path. If XRP hit $260 one day, a $15,000 investment today (roughly 4,838 tokens) could grow into $1.26 million.
Analysts Confirm Recent XRP Correction is Healthy
Given this prospect, market commentators have urged investors not to allow short-term dips like the recent one to shake them off. Moreover, most analysts have continued to back the idea that XRP’s recent correction doesn’t mean trouble.
For instance, market watcher XRPJunkie pointed out that XRP jumped 92% over 30 days, moving from $1.95 to $3.66. He described the 16% drop as a routine correction, not a cause for concern. Further, he encouraged holders to relax and wait for the market to settle, noting that XRP still has the potential to reach between $10 and $15.
Meanwhile, analyst Dom noted that when XRP spiked to $3.66, the spot‑perpetual premium surged, which signaled overuse of leverage and warned of an incoming purge. After the recent correction, the premium has since stabilized, which is a healthy sign for the market.
The spot‑perp premium is a potent signal
When it spiked on $XRP near its ATH, it warned that leverage was overstretched and a purge was likely 🤝
After the flush, the premium has briefly turned positive again
Check the quoted post to add it to your charts https://t.co/DfGbinmpYy pic.twitter.com/KhwNppYIGz
— Dom (@traderview2) July 24, 2025
In another disclosure, Dom confirmed that the correction cleared out multiple leveraged positions, wiping out 30% of XRP’s open interest, around $1.3 billion. Dom explained that this kind of reset often helps build a healthier market structure.
$XRP update
The overall market saw a healthy flushout to wipe some of the leverage that built up over the last 2 weeks
This pullback wiped out nearly 30% of all open interest on XRP (1.3B)
This chart from last week shows a perfect retest of the "last major level to flip"
As… pic.twitter.com/3nu8oAunvu
— Dom (@traderview2) July 24, 2025
He also pointed to a key support level XRP recently retested. To him, this retest confirmed the strength of the trend. Unless XRP drops below $2.80, he believes the overall outlook remains positive.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
