Michael XBT, a widely followed market analyst and Bitcoin investor, has resurfaced with a bold new XRP prediction.
This comes just months after his previous forecast played out with stunning accuracy. According to him, that call turned everyday investors into millionaires.
How it Played out
Back in July 2024, Michael publicly predicted that XRP was on the verge of a historic breakout from a seven-year-long bull pennant pattern. He described the formation as something he had never witnessed in his years of trading. According to him, it was one of the most powerful setups in crypto history.At the time, XRP was trading at $0.50, and skepticism was at its peak as the asset’s performance continued to disappoint investors. The coin often showed minimal movement, even amid bullish news regarding Ripple’s partnerships and acquisitions.
Moreover, it consistently failed to benefit from broader bull market rallies, leading many to write off the coin entirely. Meanwhile, Michael remained convinced that XRP would have its day.
Interestingly, by November 2024, XRP broke above the key resistance at $0.5. This triggered an explosive rally that peaked around $3.40 by January 2025, a nearly 600% surge that stunned the market and confirmed Michael’s prediction.
This marked XRP’s first return to multi-year highs since 2018. As a result, the development sparked admiration even from prominent critics, many of whom turned bullish on XRP after previously calling for it to fall to zero.#SwingTradingStrategy #XSuperApp #PowellRemarks #CryptoStocks
