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HomeCrypto NewsMarketWill XRP Price See Another Major Dump? Digital Ascension CEO Weighs In

Will XRP Price See Another Major Dump? Digital Ascension CEO Weighs In

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Jake Claver, CEO of Digital Ascension Group, recently addressed the ongoing discussion about whether XRP could revisit lower price levels.

He highlighted that many investors overlooked XRP when it was trading between $0.30 and $0.50, often dismissing it as “garbage”. Now, as XRP edges higher, those same investors are wishing for a chance to re-enter at those lower levels.

Claver stressed that buyers had years to accumulate XRP at those prices. To him, the days of XRP trading below $0.50 are gone for good, suggesting that major corrections are unlikely to push the coin back to those levels.

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ETFs, Volume, and Market Support

Claver pointed out that XRP’s price resilience sets it apart from other tokens, which often experience sharp rallies followed by 90% drops. In contrast, XRP has found consistent support alongside Bitcoin and continues to benefit from strong trading volume.

For context, XRP sees an average daily trading volume of $5 billion and a monthly volume of around $140 billion, ranking it among the top four excluding stablecoins. This highlights significant market participation and interest in the coin.

Beyond volume, Claver highlighted that with ETF products now in play, the market is unlikely to allow XRP to fall back to its previous lows. Spot XRP ETFs are expected to launch next month, with projections of $5 billion in investments flowing in within weeks.

Because of this, many believe XRP is more likely to rise than to experience a major retracement back to the $0.50 range. As of today, XRP is trading at $2.84, maintaining over 400% in gains since November 2024.

Notably, institutional interest is surging. Companies have disclosed over $1 billion to establish XRP treasuries, further supporting the argument that deep corrections back to historic lows are increasingly unlikely.

“What Goes Up Must Come Down”

Meanwhile, some technical analysts believe the adage—what goes up must come down—still applies to XRP and other crypto assets, regardless of bullish fundamentals or institutional backing.

For instance, analyst EGRAG has used historical trends to outline various crash scenarios for XRP, suggesting that a drop to as low as $0.30 is still possible after a blow-off top.

However, he notes that the eventual lows will depend on how high XRP peaks. For example, a peak at $27 could result in a correction below $1, while a peak at $9 might lead to $1.3.

Today’s Price Will Become Significant

Meanwhile, Claver believes XRP is positioned for sustained long-term growth. He noted that if Bitcoin continues its upward trajectory, XRP will follow.

He also pointed to potential catalysts, such as reverse carry trade dynamics and XRP’s use in backend settlement for stock market ETFs. According to Claver, these factors could propel XRP to levels where small differences in entry points—whether $2.50 or $3—will become insignificant once the token reaches triple-digit valuations.

Dollar-Cost Averaging Over Timing the Market

Instead of waiting for an unlikely major price drop, Claver recommends dollar-cost averaging (DCA) as the best strategy for most investors. He suggests investors should buy small amounts when liquidity permits, also warning against using leverage. In his view, XRP’s next major move is more likely to be upward than downward.

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.

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Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a seasoned crypto journalist who has established himself as a trusted voice in the world of blockchain and Web3. His extensive knowledge of the crypto space enables him to break down complex concepts into accessible language.

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