- XRP surged 600% to $3.40 in early 2025 after analyst Michael XBT correctly predicted a breakout from a long-term pattern.
- Now in a consolidation phase, the token could be gearing up for another significant rally, according to his latest forecast.
XRP could be gearing up for a repeat of its historic rally, according to crypto analyst Michael XBT — the same investor who correctly predicted XRP’s 600% explosion in early 2025. With bullish signs forming again, his latest forecast is drawing serious attention.
XRP’s Last Rally: From Collapse to Comeback
The second quarter of 2024 was grim for XRP. Prices dropped by 25%, hitting a low of $0.38 on July 5, and investor interest began to fade. But while many were bearish, Michael XBT spotted a 7-year bull pennant — a technical pattern often seen before major breakouts.
That setup led to XRP’s meteoric rise. By January 16, 2025, the token surged to $3.40, delivering a jaw-dropping 600% return and proving Michael’s prediction right.
A Cooldown or Setup for the Next Leap?
Since January’s high, XRP has entered a cooling phase. Monthly changes show some declines:
- February: -29.3%
- March: -2.52%
- May: -0.80%
- June (so far): -0.74%
Despite this, XRP remains above $2 and has held strong since dipping to $1.60 in April. According to Michael, this is a “healthy cooldown” rather than a sign of weakness.
Could XRP Break Out Like Bitcoin?
Michael now sees similarities between XRP’s current pattern and Bitcoin’s multi-year breakout, though he hasn’t attached a price target yet. Meanwhile, broader projections range from $5 to $30 — with some dreamers still clinging to the possibility of $100, a figure most experts dismiss as far-fetched.
Still, Michael XBT’s proven track record has the market’s attention. If XRP follows the same path as before, another surge could be around the corner — and smart investors are watching closely.
DISCLAIMER:
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.
