A prominent early investor in Bitcoin, known as Pumpius, is making waves in the cryptocurrency market by placing a substantial $1 million buy order for XRP at the $1 mark. This move comes in the wake of one of the most significant market corrections seen in months.
Pumpius, who has a track record of investing in Bitcoin since 2013, shared his bold strategy via a post on social media platform X. Alongside his XRP order, he also set a limit order for Bitcoin worth $1 million at a price of $66,500. His followers were encouraged to take note of this call, emphasizing the potential for a rebound in XRP.
As of now, while his Bitcoin order has been filled following a sharp drop in BTC”s price, his order for XRP remains unfulfilled. Pumpius had previously disclosed a similar $1 million XRP buy order back in December 2025 when XRP was trading above $2. Today, XRP is significantly closer to the $1 threshold.
Currently, XRP has seen a decline, trading around $1.11 after a staggering 26% drop in the last 24 hours, extending its losses to 32% over the week. This follows a peak of $3.66 in July, marking a near 70% decline and prompting discussions among traders regarding a potential revisit of the critical $1 level.
Market commentator and XRP YouTuber Zach Rector has noted his perspective on the recent price movements, suggesting that while XRP might temporarily dip below $1, such a decline may not persist. Rector has already begun placing buy orders through brokerage firm Caleb & Brown, indicating that some investors view the current market conditions as a chance to accumulate XRP before the next upward trend.
Traders with experience in the market are recalling XRP”s past episodes of sharp declines followed by rapid recoveries. For instance, a notable sell-off in October 2025 saw XRP rebound quickly, rewarding those who strategically placed limit orders during the downturn. This pattern seems to align with Pumpius”s current strategy.
As overall market sentiment grows increasingly fearful, with the crypto fear index plummeting to just 5, traders are divided between anticipating further declines and quietly preparing for a market recovery. At the time of writing, XRP has made a slight recovery, trading around $1.30, while Bitcoin hovers near $65,000. However, analysts remain cautious, with a deeper dip to $0.50 still within the realm of possibility for XRP.
