Could XRP Create a Wave of Early Retirees? Media Personality Believes So
- Media personality John Squire predicts XRP will enable early retirements.
- XRP currently trades at $2.06, down 32% over the past 60 days.
- Retirement potential varies widely based on individual holdings.
Media personality John Squire has sparked debate with his bold prediction that XRP’s future price appreciation could lead to a wave of early retirements among its holders. This optimistic outlook comes despite the coin’s recent underperformance in the cryptocurrency market.
“XRP’s rise will trigger countless early retirements,” Squire declared in a recent post on X. The statement arrives during a period of growing frustration among XRP investors, as the digital asset has struggled to gain significant upward momentum over the past two months.
$XRP rise will trigger countless early retirements.
— John Squire (@TheCryptoSquire) April 1, 2025
Currently trading at $2.06, XRP has experienced a substantial 32% decline over the past 60 days. Despite this disappointing performance, influential voices like Squire continue to maintain a bullish long-term outlook for the cryptocurrency.
Can XRP retire investors?
The feasibility of retiring on XRP gains varies dramatically depending on individual investment portfolios and financial goals. For investors holding smaller amounts, such as 1,000 coins (worth approximately $2,000 at current prices), reaching a retirement-enabling sum of $1 million would require a 500X price increase to $1,000 per token.
However, larger holders with 100,000 XRP would need only a 4X price increase to $10 to reach the same $1 million threshold. This illustrates the significant variance in required price appreciation based on initial investment size.
In previous statements, Squire has suggested that investors might regret not accumulating enough XRP within just five years, indicating his belief in a relatively near-term price surge.
While recent performance has disappointed many, XRP’s historical metrics tell a different story. The token boasts a 252% yearly gain compared to Bitcoin’s more modest 26%. Since inception, the coin has delivered a 350X return relative to its current price, potentially creating significant wealth for its earliest investors.
Community reaction to Squire’s prediction has been mixed. Supporter Jenny Selina agreed that the coin could create financial freedom if it breaks above previous highs, while skeptics dismissed the prediction as unrealistic, particularly for those expecting quick results.
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Bitcoin Price Drops Below $85K Amid Investor Sell-Off
Bitcoin (BTC) saw a sharp move downward, falling beneath the $85,000 mark and trading at $82,800 at press time. Despite a modest 1.17% daily gain, BTC still recorded a weekly decline of 0.77%. Long-term holders appeared to be locking in profits as data revealed significant selling activity, with 178,000 BTC offloaded in recent months, even as public companies accumulated around 95,000 BTC.
BTC/USD 1-day chart - TradingView
Further pressure came from ETF outflows, particularly from U.S.-based Bitcoin exchange-traded funds, reflecting institutional hesitancy. Economic headwinds, including recession fears and tighter monetary policies, have amplified selling behavior and triggered caution among retail and institutional investors alike.
Ethereum Price Slips Under $1,800 as Liquidations Mount
Ethereum (ETH) wasn’t spared in this downturn. The second-largest cryptocurrency by market cap dropped to $1,831.43, managing only a 0.93% intraday recovery, while still showing a 4.03% weekly loss. Over $500 million in crypto was liquidated in the past 24 hours alone, with Ethereum taking a significant share of that blow.
ETH/USD 1-day chart - TradingView
Technical analysts identified a rising wedge pattern, typically signaling downward pressure. As ETH approaches critical support levels, traders are closely watching for signs of a potential reversal — though market-wide sentiment remains bearish in the short term.
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XRP Price: Briefly Surges Before Falling Back
XRP witnessed a moment of strength, surging past the $2 mark briefly before falling back to $2.09. The asset posted a 2.34% daily gain, but suffered a 6.20% weekly decline, largely attributed to the monthly release of 300 million XRP from Ripple’s escrow wallet. This increase in circulating supply likely contributed to short-term price weakness.
XRP/USD 1-day chart - TradingView
Despite the dip, XRP maintained strong trading volume, clocking in at $4.45 billion, signaling ongoing interest from traders. The community continues to monitor developments from Ripple Labs, especially legal and regulatory updates, which often play a pivotal role in XRP’s price direction.
Crypto News Today: Macroeconomic Uncertainty Fuels Crypto Market Volatility
Broader economic signals are exacerbating volatility in the crypto sector. Major U.S. stock indices suffered notable losses: Nasdaq dropped by 4.7%, while both the S&P 500 and Dow Jones slipped over 3%. Recent tariff announcements from President Donald Trump targeting imports from China and Europe have added fuel to the fire.
Additionally, recession concerns are on the rise, with Polymarket data suggesting a 51% probability of a U.S. recession in 2025. This sentiment is driving speculation that the Federal Reserve may consider early interest rate cuts — a factor that could eventually benefit risk assets like cryptocurrencies, depending on timing and market reaction.
Investors are now eyeing $80,000 as a key support level for Bitcoin, a breach of which could trigger more selling. However, analysts caution against counting out a potential rebound, especially if macro conditions shift in favor of risk-on assets.