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XRP is experiencing a fresh wave of volatility following a strong price rally, prompting warnings and lessons from seasoned investors. One notable voice, author Steve Shultz, is urging holders to remain calm during the recent dip, citing a costly mistake he made during Bitcoin’s early days that ultimately led to millions in missed profits.
Between June 23 and July 20, XRP witnessed a remarkable 59% surge, rising from $2.01 to $3.45 in just four weeks. This bullish move marked its strongest rally of the year. However, this momentum was short-lived, as the token declined over 10% in the following days, falling back toward the $3 mark amid a broader market pullback. This correction has caused concern among some investors, especially those new to XRP’s volatile nature.
In response to growing fear among the XRP community, author Steve Shultz, founder of the Elijah List, stepped forward to share a cautionary tale. Shultz revealed that years ago, he sold his Bitcoin holdings prematurely out of fear—an action he now regrets deeply. According to him, that early exit cost him nearly $2 million in potential gains, even though his initial investment had only been a few thousand dollars.
He explained that panic selling often leads to long-term regret, especially when investors allow short-term price swings to influence their decisions. Using his own experience as an example, Shultz warned XRP holders not to make the same mistake. He believes XRP’s path forward, like Bitcoin’s earlier journey, will involve dramatic ups and downs, and those who can weather these swings may ultimately benefit.
Shultz also recounted a story about an XRP influencer who told his followers to keep accumulating the token, only to privately sell his own XRP holdings after listening to friends. Ironically, XRP rallied shortly after, leaving him regretting his decision. For Shultz, this further reinforces the point that investors must stay committed to their own research and not be swayed by emotion or peer pressure.
This sentiment echoes recent comments by XRP supporter John Squire, who compared XRP’s current positioning to that of Apple’s stock back in 2007, just before the start of the first iPhone. At that time, Apple shares traded around $3. Over the next 17 years, Apple stock climbed to over $260—a staggering 8,566% increase. Squire suggested that XRP could potentially follow a similar growth trajectory. If XRP were to reach $260, a $15,000 investment today could become worth over $1.2 million.
While these predictions may sound ambitious, technical analysts have also chimed in to support the idea that the recent correction in XRP is not a sign of collapse, but rather a healthy development. Analyst XRPJunkie noted that XRP surged 92% in just one month, climbing from $1.95 to $3.66. He described the current decline as a normal market correction rather than a cause for alarm, urging holders to avoid panic and allow the market to stabilize.
Another analyst, Dom, observed that the sharp rise in XRP’s spot-perpetual premium during the recent rally was a signal of excessive leverage in the market. When prices move up too fast with too much leverage, they often invite a swift correction. After the dip, Dom noted, the premium has returned to more stable levels, which he believes is a good sign for XRP’s overall market health.
Dom also revealed that this correction wiped out about 30% of XRP’s open interest—roughly $1.3 billion. While painful for leveraged traders, such liquidations often help reset market conditions, allowing for a more sustainable upward trend in the future. Dom emphasized that XRP’s recent retest of a key support level confirms the strength of the current trend, as long as the token stays above $2.80.
Altogether, analysts and community leaders seem to agree on one point: short-term price movements shouldn’t dictate long-term decisions. Whether it’s missing out on Bitcoin gains or being shaken out of XRP, fear-based selling tends to lead to regret. For those committed to XRP’s long-term outlook, staying patient through corrections might prove to be the smarter move.
