The Crypto Basic

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.

Jake Claver, CEO of Digital Ascension Group, argues that most XRP holders still underestimate what they own. 

In a tweet, he describes XRP as foundational infrastructure rather than a speculative asset. According to him, XRP represents the “most pristine collateral” the world has ever seen. Claver added that XRP will act as “the oxygen the new financial system needs to breathe.”

However, by his own assessment, “99% of people” holding XRP “have no clue” what they really own.

Key Points

• Digital Ascension CEO Jake Claver calls XRP “the most pristine collateral”.

• He argues says 99% of holders “have no clue” about XRP’s real potential.

• XRPL now hosts $1.14B in tokenized commodities, boosting real-world adoption.

• XRP rebounds 35% as institutions show renewed confidence in the token.

XRP as Collateral, Not a Trade

Claver’s comments come as XRP’s narrative shifts from short-term price swings to real-world use and institutional appeal. Supporters see XRP acting as neutral, liquid collateral for settlement, liquidity, and credit in regulated markets.

Instead of competing with traditional assets, XRP could help move value, unlock collateral, and improve balance sheets in a tokenized financial system.

Ripple’s Institutional DeFi Roadmap Reinforces the Thesis

This perspective gained traction amid Ripple’s recent Institutional DeFi blueprint, which shows how the XRP Ledger is moving beyond payments into a full institutional financial layer. It supports FX trading, tokenized assets, collateral management, and on-chain credit.

XRP sits at the center, powering settlement, network fees, reserve requirements, FX bridging, and collateral flows. Features like Permissioned Domains and Credentials allow institutions to operate in compliant, KYC-ready setups. Stablecoins like RLUSD now settle on XRPL with XRP as a liquidity bridge.

Native Lending

Moreover, Ripple’s roadmap highlights upcoming upgrades, including a native lending protocol (XLS-65/66) for fixed-term on-chain loans backed by Single Asset Vaults, with off-chain underwriting for institutions. XRP will be a borrowable asset, settlement layer, and FX bridge.

Early institutional participants, such as Evernorth, plan to deploy capital to boost yield and liquidity, embedding XRP into real financial workflows.

Additional upgrades, including smart escrow, confidential transfers, and a permissioned DEX, aim to make XRPL more regulated, programmable, and institution-ready.

XRP Ledger Surpasses $1B in Tokenized Commodities

Beyond infrastructure announcements, on-chain data shows real-world adoption is accelerating. XRPL now hosts more than $1.14 billion in tokenized commodities. This makes it the biggest tokenized asset type on the network, accounting for more than half of all tokenized real-world assets on XRPL.

Notably, these assets include energy-backed tokens, diamonds, and other commodity-linked products, placing XRPL second only to Ethereum in total tokenized commodity value. This growing base of real-world assets supports the narrative that XRP is used as settlement and collateral in tokenized markets.

Market Responds as XRP Rebounds Over 30%

XRP’s price reacted positively to these developments. After falling to $1.11 amid broader market liquidations, the token rebounded to $1.53 on February 7, a rally of over 35% from recent lows.

Although XRP has since cooled slightly, analysts attribute the rebound to renewed institutional confidence, whale accumulation, and the expanding role of XRP within XRPL’s evolving financial architecture.

Despite the recent recovery push, XRP still trades within “murky waters” until it rebounds above the pivotal $1.8 mark with conviction. 

The crypto market suffered a devastating blow on Thursday, Feb. 5, in what industry leaders now regard as the most turbulent day in the crypto scene since Oct. 10, 2025. Notably, Bitcoin (BTC) collapsed below $70,000, leading to $840 million in liquidations, with the crypto market losing $311 billion in a single day. 

XRP did not escape the market rout, dipping to a 15-month floor of $1.11 by Feb. 6 after a 19.62% crash on Thursday. Now, while XRP has since recovered most of the losses from the Thursday crash, its price remains in a delicate position. Notably, XRP must decisively push above the critical $1.8 level to flip its trend bullish.

Key Points

• The broader market crash capitalized on a downtrend that has kept momentum muted since Q4 2025, leading to an intraday loss of $311 billion in the crypto market.
• XRP was one of the hardest-hit tokens, collapsing 19.6% on Thursday and dipping further to $1.11 the next day.
• While XRP has staged a rebound effort, up more than 8% over the past 24 hours to trade above $1.4, it remains in a delicate position.
• XRP currently still trades within murky waters and would need to decisively recover above the important $1.8 price level to flip bullish.

XRP Suffers Intense Downturn

This suggestion came from Chart Nerd, a well-known market commentator, as the crypto market looks to recoup some of the losses from the Thursday crash. Notably, the collapse pushed Bitcoin to a local floor of $59,930, marking its lowest price since October 2024.

As the impact reverberated across the market, XRP slumped to $1.11, a low last seen in November 2024. This price marked a 69% decline from XRP’s peak price of $3.66 in July 2025 and a 39% drop from its opening price for this year, leading to extremely oversold RSI levels across multiple timeframes.

XRP Rebounds but Remains in “Murky Waters”

Interestingly, a sharp rebound emerged almost immediately on Friday. Specifically, XRP recovered by more than 21%, closing at $1.46. 

Despite this recovery effort, Chart Nerd stressed that XRP remains in “murky waters,” indicating that the overall trend has not convincingly flipped bullish. According to the market analyst, XRP would have to breach the $1.8 level with conviction to escape the ongoing downward trend. 

In a subsequent commentary, Chart Nerd insisted that XRP would need to push above $1.8 before its price action could “tickle” his fancy. He stressed that this $1.8 level acted as a support block for 13 months before XRP recently broke below it and turned it into resistance. Now, this area acts as a major roadblock in its journey to reclaim the $3.66 peak.

Why the $1.8 Level is Important

Market data confirms this, indicating that $1.8 had served as XRP’s last support area following the November 2024 rally. Notably, XRP broke above this level on Nov. 30, 2024, flipped it to support, and then leveraged it as the last cushion against steep price declines.

Each time the bears knocked on this area, XRP recovered. This happened in April 2025, October 2024, November 2025, December 2025, and January 2026, as highlighted in the accompanying chart. 

However, as bearish pressure mounted, XRP lost the $1.8 support on Jan. 29, 2026, and now faces resistance at this mark. Chart Nerd believes the crypto asset must push above this level decisively before its trend can start turning bullish. From the current price of $1.41, XRP would need to rise 27% to recover $1.8.

Popular crypto YouTuber Mason Versluis has addressed XRP’s recent slump, framing the pullback as a long-term buying opportunity rather than a reason for panic. 

He made this assertion recently, while pointing to the psychological strain of extended XRP downturns. Nonetheless, he argued that short-term weakness often presents opportunities for patient investors to accumulate. 

Key Points 

• Crypto YouTuber Mason Versluis describes XRP’s recent price slump as a long-term buying opportunity rather than a reason for panic. 
• Despite the frustration with XRP’s failure to reach ambitious price targets, Versluis urged XRP holders to remain steadfast. 
• His stance aligns with broader XRP community sentiment and Ripple CEO Brad Garlinghouse’s long-term outlook. 
• XRP has already rallied over 20% from its recent lows, reinforcing Versluis’ argument. 

Versluis’ Candid Assessment 

Following XRP’s recent sharp drop, Versluis offered a candid assessment of the token’s recent price action. In his commentary, he acknowledged the emotional toll of long-term holding, especially after over seven years of waiting for a decisive price breakout to around $5. However, he emphasized that he remains confident in XRP’s long-term value. 

His comments followed a sharp downturn across the broader cryptocurrency market on February 5, during which XRP plunged to a low of $1.13. While the drop unsettled many investors, Versluis viewed it through a different lens, describing the dip as a “discount on one of the best digital assets in the world.” 

Recent Dip Offers Discount on XRP

Versluis attributed his confidence to his early entry, having accumulated XRP between $0.17 and $0.50. As a result, he remains in profit, which helps him weather downturns and reinforces his view that the recent dip presents a long-term buying opportunity.

His stance aligns with other XRP community voices and Ripple CEO Brad Garlinghouse. Amid volatility-driven panic, Garlinghouse echoed Warren Buffett’s advice to be greedy when others are fearful and cautious when others are greedy, signaling that sell-offs can create attractive entry points. 

Similarly, Nick, founder of The Web3 Alert, observed that many investors tend to chase momentum by buying near market tops at $2-$3.5, yet hesitate when XRP presents attractive entry opportunities around $1.20. As a result, emotional decision-making often prevents them from capitalizing on favorable price zones.

Risk-Takers Already in Gains 

Meanwhile, XRP has already staged a notable rebound from its February 5 low. After briefly slipping below $1.20, the token quickly surged to approximately $1.53 before easing slightly to around $1.46. Consequently, investors who accumulated XRP near $1.20 are now sitting on gains of about 21.66%. 

This swift recovery reinforces Versluis’ argument that the pullback represented a genuine discount, offering a strategic buying opportunity for “one of the best digital assets in the world.” This characterization is likely driven by XRP’s utility in cross-border payments, its potential role as a reserve asset, and its growing relevance in real-world asset tokenization. 

Pumpius, a crypto influencer who has been in the space since 2013, has revealed that he was allegedly offered $25,000 in USDT to publicly attack Ripple and XRP.

He disclosed that the proposal came through a private message. It included a detailed script instructing him to label Ripple a scam, claim he had sold all his XRP, and accuse Ripple and prominent influencers of causing “wealth destruction.”

The offer also reportedly promised to pay half of the funds upfront, with the remainder after the posting. Meanwhile, Pumpius rejected the offer and chose to make it public instead.

Key Points

• A media personality claims he was offered $25,000 to publicly defame Ripple and XRP.

• The alleged offer included a script accusing Ripple of scams and “wealth destruction.”

• It promised to pay half upfront, with the rest after publishing the attack.

• The commentator rejected the offer and exposed the smear effort.

Allegations of Scripted Smear XRP Campaigns

In his post, Pumpius suggested the offer was part of a coordinated effort to shape negative narratives around XRP. He questioned who might be funding such campaigns, who stands to benefit from XRP being discredited, and how many daily attacks against Ripple are genuinely organic opinions versus paid messaging.

He argued that repeated talking points and similar language used across multiple accounts could indicate the use of paid proxies rather than independent critics. According to Pumpius, the timing of such efforts suggests desperation on the part of parties attempting to suppress XRP.

Notably, the screenshot shared alongside the post outlined specific requirements for the paid promotion, including mandatory accusations and tagging Ripple directly. The message framed the task as “easy” and emphasized flexibility in wording, as long as all required claims were included.

Industry Figures Echo Similar Experiences

EasyA co-founder Dom Kwok responded, stating that many people had reached out to him with similar offers. In some cases, they offered even larger sums.

Kwok described the situation as evidence of a “serious, concerted effort” by an anti-XRP lobby aimed at discrediting the asset.

He urged the community to remain focused on its mission and resist attempts to manipulate public perception through paid attacks.

many people have dm’d me with similar offers, in many cases even more money.

there exists a serious, concerted effort by the anti-XRP lobby to discredit $XRP.

we must stand strong and stay true to our mission!

— Dom Kwok | EasyA (@dom_kwok) February 6, 2026

Attacks on XRP

Meanwhile, the XRP community continues to battle negative campaigns from rival projects, particularly the Bitcoin and Chainlink communities. While allegations alone do not prove a coordinated campaign, the consistency of reported offers is raising concerns about how narratives around major crypto assets are shaped.

To XRP supporters, it echoes long-held beliefs that the project faces outsized opposition. It also serves as a reminder to approach viral negative narratives with skepticism.

XRP has recovered nearly all the losses from the recent Thursday market crash, as whale accumulation and a unique address spike drive positive momentum.

The broader crypto market suffered another disastrous day on Thursday, Feb. 5, leading to losses comparable to the 10/10 crash. Specifically, the global crypto market lost $311 billion on Feb. 5, dropping 12.69% in its largest intraday decline since the FTX-inspired crash on Nov. 9, 2022.

Being one of the most liquid altcoins in the market, XRP witnessed some of the largest losses, crashing by a whooping 19.62% to $1.21 by the close of the day. However, it appears XRP has now recovered nearly all these losses, with the rebound driven by whale accumulation and a unique address spike.

Key Points

• The crypto market witnessed a disastrous day on Thursday, Feb. 5, losing $311 billion in a single day amid a 12.69% decline.
• XRP, being one of the most liquid tokens in the market, suffered some of the biggest losses, declining by 19.62% to $1.21.
• Now, XRP seems to have recouped nearly all the losses suffered on Feb. 5, up more than 10.4% over the past 24 hours to $1.4.
• The recent recovery effort comes from a combination of whale accumulation and a unique address surge.
• XRP still trades within a bearish position, down 16.48% in the past week, but holding up better than Bitcoin, Ethereum, and the rest of the top 5 assets.

XRP Collapses in the Feb 5 Market Crash

Santiment, a leading blockchain analytics resource, spotlighted the recent development as the crypto market tries to recover from the Feb. 5 turbulence. For context, the crash, which led to $311 billion in global crypto valuation, pushed the total crypto market cap to a low of $2.05 trillion for the first time since October 2024.

While Bitcoin contributed the most to this loss, amounting to $205 billion in lost valuation, XRP also suffered a sizable decline worth $18.12 billion, the third-largest in the market, despite only being the fourth-largest token. Michaël van de Poppe suggested that XRP’s harder collapse was due to its drop into an air pocket.

A Rebound Effort

However, market data confirms that XRP appears to be recovering better than the rest of the market as the rebound campaign begins. Notably, on Feb. 6, XRP surged by 21% close above the $1.46 price. In comparison, this outpaces the gains recorded by the other top 5 assets: Bitcoin (+12%), Ethereum (+13%), BNB (+8%), and Solana (+11.67%).

XRP is now holding up better than these tokens, recording lower losses in the past week. As a result, Santiment suggested in its latest commentary that XRP’s price action has been on a “huge tear.”

What is Driving This XRP Rebound?

The platform called attention to two factors contributing to the rebound: massive whale accumulation and a surge in unique addresses. According to Santiment, those who panic-sold their tokens during the drop should have watched out for a rise in bullish activity on the XRP Ledger despite the downtrend.

Specifically, as the dip played out, whale accumulation picked up, with transactions worth $100,000 and above soaring to a 4-month peak of 1,389. Besides this, unique active addresses on the network rose to 78,727 within 8 hours, marking the highest reading since September 2025.

XRP has posted double-digit gains as Ripple revealed how the XRP Ledger (XRPL) is rapidly evolving into an institutional-grade financial infrastructure. 

Following the release of Ripple’s Institutional DeFi roadmap for XRPL this week, XRP has rebounded over 30%. The announcement revived bullish sentiment, triggering heavy whale accumulation and reversing recent market losses. 

Key Points 

• XRP rebounded over 30% after recent losses, signaling renewed bullish sentiment. 
• The rally followed Ripple’s DeFi roadmap, which positions XRPL as institutional-grade financial infrastructure. 
• XRP sits at the center of this ecosystem, powering settlement, fees, reserves, FX bridging, collateral flows, and lending. 
• Ripple’s Senior Exec Reece Merrick stresses that XRP is gradually emerging as the backbone for real-world financial infrastructure.  

Ripple Outlines Institutional DeFi Blueprint for XRPL

The institutional DeFi roadmap positions XRPL as a next-generation infrastructure layer that extends beyond payments to support regulated markets, tokenized assets, FX trading, collateral management, and on-chain credit. 

Notably, XRP sits at the center of this shift. It underpins settlement, fees, reserves, FX bridging, collateral flows, and lending, reinforcing its role as a core utility token rather than a speculative asset.

Meanwhile, new features such as Permissioned Domains and Credentials enable compliant, KYC-ready environments for institutions. Stablecoins like RLUSD now settle natively on XRPL, while XRP bridges FX transactions with fast, low-cost liquidity across settlement pairs.

Moreover, tools such as token escrow, batch transactions, and Multi-Purpose Tokens enable institutions to tokenize funds and bonds in compliance with regulatory controls. Throughout these workflows, XRP supports fees, reserves, and protocol-level operations, anchoring institutional activity on the XRPL. 

Upcoming Features 

The roadmap also highlighted some upcoming features for the ledger. Notably, XRPL’s upcoming native lending framework marks a major institutional upgrade. The Lending Protocol, detailed in the XLS-65/66 specification, will enable fixed-term on-chain loans backed by Single Asset Vaults and supported by off-chain underwriting. 

Within this framework, XRP will serve as a borrowable asset, a settlement layer, and an FX bridge, with early adopters such as Evernorth planning to deploy capital to drive yield generation and liquidity efficiency.

In parallel, features including confidential transfers, smart escrow, a permissioned DEX, and institutional developer tools will further enhance XRPL’s regulated, scalable, and programmable on-chain financial ecosystem.

XRP Emerges as Backbone of Real-World Financial Infrastructure

Reacting, Ripple’s Managing Director for the Middle East and Africa, Reece Merrick, said XRP is rapidly becoming the backbone of real-world financial infrastructure. 

He noted that the roadmap highlights XRPL’s shift to a daily-use institutional layer, with XRP powering settlement, FX, collateral management, and on-chain credit. As a result, he said the foundation is now firmly in place for the next phase of institutional adoption.

XRP Rallies Over 30% on Roadmap Catalyst 

Meanwhile, XRP responded positively to the announcement. After dropping to $1.13 on February 5 amid broad market liquidations, the token rebounded sharply, hitting an intraday high of $1.535, reflecting a 35.39% surge from its recent low. 

Although XRP has since corrected to around $1.49, it remains up 14.29% over the past 24 hours. Analysts attributed the rally to the Institutional DeFi roadmap, while whale accumulation reinforced the move, with on-chain data showing more than 1,000 large transactions during the volatility. 

The XRP Ledger now hosts over $1 billion worth of tokenized commodities, making these financial products the largest tokenized asset class on the network.

While the XRP price has struggled, reflecting the broader crypto market turbulence, the XRP ecosystem has continued to reach new milestones in the areas of tokenization and on-ledger technical improvements. Specifically, the XRP Ledger (XRPL) now boasts $1.14 billion in tokenized commodities.

Interestingly, these commodities represent the single-largest tokenized asset class on the XRPL, making up 52.6% of the total tokenized real-world assets (RWA) on the network worth $2.173 billion. The largest of these tokenized commodity products is Justoken’s JMWH.

Key Points

• While the XRP price has struggled in recent times, down 15.56% over the past week, the XRP ecosystem has continued to hit new milestones.
• One such milestone involves tokenized commodities on the XRP Ledger, which recently crossed the $1 billion mark.
• At $1.14 billion, tokenized commodities make up 52% of the total tokenized RWA on the XRPL, worth $2.173 billion.
• Stablecoins ($422.8 million) and private credit ($322.3 million) contribute the next biggest shares to the XRPL’s total tokenized RWA.
• Justoken’s JMWH product accounts for most of the tokenized commodities worth, valued at a whopping $861 million, with 12 holders.

Tokenized Commodities on the XRPL Cross $1B

This is according to on-chain data provided by RWA.xyz, a leading data analytics resource for real-world assets tokenization. Notably, the XRP Ledger hosts $2.173 billion worth of tokenized real-world assets, per RWA.xyz, including stablecoins. This comes two weeks after The Crypto Basic confirmed that the ledger had crossed the $1 billion milestone.

Further data indicates that tokenized commodities contribute the largest share to this $2.173 billion figure. For the uninitiated, tokenized commodities refer to digital tokens that represent real-world commodities, securities tied to commodities, or investment funds that track raw materials and natural resources. Examples include tokenized gold, silver, platinum, copper, oil, corn, and wheat.

The XRPL currently hosts $1.141 billion worth of these products, representing 52.6% of all hosted real-world assets on the network. Interestingly, this also places the XRPL second on the list of chains with the largest worth of tokenized commodities, only behind Ethereum with $5 billion. The XRPL outpaces Polygon, Arbitrum, and BNB Chain.

Which Tokenized Commodities Exist on the XRPL?

While Tether’s gold token represents the largest tokenized commodity on Ethereum, the XRPL hosts the JMWH asset from Justoken. Notably, JWMH is a digital token where each unit equals one real megawatt-hour (MWh) of energy from energy companies. It helps handle payments and allows users to track green energy directly through real-world energy production.

Justoken, a B2B platform for RWA tokenization, has deployed $861 million worth of the JMWH asset on the XRPL, making it the biggest contributor to the $1.14 billion in commodities. This represents all of the JMWH value, as Justoken only hosts the asset on the XRPL.

Interestingly, the rest of the commodities on the XRPL come from Ctrl Alt’s diamond collections. Specifically, the Diamonds: AD Collection from Ctrl Alt accounts for $105 million. Meanwhile, the Diamonds: SD Collection makes up for $46 million, with the L Collection boasting $38.5 million. Also, the FS Collection has a value of $35 million.

Other Tokenized Assets Classes on the XRPL

Besides commodities, the XRPL also hosts other tokenized asset classes worth millions as adoption continues to rise. Specifically, the network boasts $422 million worth of stablecoins, with the Ripple stablecoin, RLUSD, contributing the most, about $347 million. 

Moreover, the XRPL is also home to $298 million worth of private credit. Meanwhile, as part of the distributed assets, multiple platforms have tokenized $180 million worth of U.S. Treasury Debt on the XRP Ledger. The Crypto Basic confirmed this growing value of tokenized Treasury Debt in a report last month.