Diep Sanh, an XRP community figure, has suggested that investors would likely panic when XRP drops from $1,200 to $1,000 over 40 years from now.
The XRP community is no stranger to audacious price predictions, and Diep Sanh’s recent disclosure follows this same trend. While presenting a future where XRP could be trading at much higher prices, the market analyst recently pointed out a recurring pattern in how investors react to price fluctuations.
Today, XRP trades for $2.23, down over 10% as the broader crypto market enters a challenging period. Notably, after hitting a new market cap peak of $216.69 billion in July, XRP has lost over $82 billion in valuation, as its market cap drops to $134.33 billion at press time.
Investors Will Still Panic if XRP Drops from $1,200 to $1,000
This bearish price action has triggered panic among investors, with most of them failing to realize that, in hindsight, XRP is actually up 346% since November 2024. Diep Sanh aimed to highlight this reality in his recent commentary on XRP’s future.
Specifically, Sanh jokingly remarked that investors would be “shitting” themselves when XRP collapses from $1,200 to $1,000 — a scenario he believes could unfold around 2070, roughly 45 years from now.
Given XRP’s current price, a $1,000 valuation would appear highly favorable, representing a 44,743% gain. However, Sanh’s disclosure points out that when XRP eventually reaches greater heights and then experiences a decline to the same $1,000, investors are likely to overreact, as they often do, losing sight of how far XRP has come.
Poor Market Sentiment Amid Current Downturn
Notably, this is the exact trend that is playing out amid the ongoing downtrend. For context, after dropping from the $3.31 peak in January 2018, XRP collapsed below $1 and continued to change hands between $0.3 and $0.7 for nearly seven years, with a brief spike to $1.96 in April 2021 and occasional dips below $0.2.
XRP eventually recovered above this zone during the November 2024 rally, soaring to a peak of $3.4 before facing rejection. Since then, XRP has failed to drop below the $1 territory, now changing hands between $2 and $3. This represents a massive improvement from the $0.5 zone just a year ago, but market sentiments remain down.
Essentially, any investor who procured XRP from February 2018 to November 2024 now sits on gains. Nonetheless, some of those who entered the market after the November 2024 rally could be facing losses, and this has contributed to the panic.
Meanwhile, some analysts believe the correction could go deeper, suggesting that investors who could not amass XRP below $2 may soon get another chance to do so. Essentially, most of these analysts insist that the ongoing downtrend is an accumulation opportunity, as XRP could witness a recovery to greater heights. However, this remains speculative.