Fresh waves of doubt are circling XRP, which trades nearly 70% below its recent peak. But according to XRPL validator Vet, this is not the moment to fold.
“You didn’t get this far for no reason,” he told followers. “This is the best time to get your XRP thesis up.”
His message arrives at a time when XRP has printed five consecutive red monthly candles. This is a rare stretch not seen since the 2016/2017 cycle that preceded one of the largest rallies in crypto history.
Key Points
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XRP trades ~70% below its peak, but XRPL validator Vet urges holders to stick to their thesis.
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Five straight red monthly candles mark rare fear, echoing periods before major rallies in 2016–2017.
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Analysts warn XRP breakouts are sudden, often leaving late investors chasing price after moves begin.
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XRPL DeFi growth and infrastructure readiness suggest long-term potential beyond short-term hype.
“XRP Is Dead” Narratives Return
This is not the first time XRP has faced prolonged skepticism. Back in 2022–2024, when XRP traded around $1 for years, critics labeled it stagnant.
Yet in 2024, the asset broke out and surged roughly 7x. Today, after touching $3.66 in 2025 and retracing toward the $1.10–$1.30 range, similar claims are resurfacing.
Vet previously criticized what he called “collective amnesia” among market participants who repeatedly dismiss XRP during consolidation phases, only to chase once momentum returns.
The argument is that markets often test conviction before rewarding it.
XRP Breakouts Rarely Send Invitations
Technical commentators have echoed this psychological theme. Analyst Dark Defender recently argued that XRP’s next major expansion could align with a historic drop in Bitcoin dominance, similar to 2017 when capital rotated aggressively into altcoins.
That year, XRP surged over 70,000% as Bitcoin’s share of the total crypto market cap fell dramatically.
Meanwhile, analyst ChartNerd has repeatedly noted that XRP breakouts tend to arrive unexpectedly, leaving little time for repositioning. XRP commentator Moon Lambo has also stressed that investors are either positioned before the move or end up chasing price after it begins.
The DeFi Angle the Market May Be Missing
Beyond price charts, some argue the real thesis lies in fundamentals. XRP YouTuber Zach Rector recently said the market is not fully pricing in what could become a major growth driver — DeFi on the XRP Ledger.
The XRPL has had a native decentralized exchange since 2012, operating at the base layer rather than through external smart contracts. With native lending proposals such as XLS-66, expanding tokenization efforts, and growing institutional activity, supporters believe XRPL’s DeFi infrastructure is quietly maturing.
Under CEO Brad Garlinghouse, Ripple has pursued strategic acquisitions across custody, liquidity, treasury software, and prime brokerage. Commentators see the launch of RLUSD and the increasing on-chain liquidity as long-term ecosystem plays rather than short-term price catalysts.
Market at Emotional Extremes
Recent on-chain data shows XRP holders recently hit one of their biggest loss spikes since 2022, suggesting fearful investors sold at a loss.
The data implies emotional extremes from holders, suggesting weak hands have exited the market. Yet, it doesn’t guarantee a price rebound.
Moreover, critics note that comparing XRP’s situation to history overlooks today’s much larger market and different macro conditions.
Ultimately, whether XRP’s next move will mirror history remains to be seen. But as skepticism grows, many believe this is when true conviction matters most.
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.