Multiple analysts expect a major comeback for XRP after the coin has cooled off from the weeks-long bearish performance.
Michael XBT, a veteran analyst and self-described market psychologist, issued a cryptic message suggesting that the coming weeks hold a lot of promise for holders.
In his brief update on X, he told his followers to “Watch XRP this week,” adding that that’s all he will share publicly.
The statement hints that, although XRP is currently trading with a significant 11.65% dip on the monthly chart, things may be about to turn around.
Michael has a notable track record of predictions that have often played out with remarkable accuracy, fueling conviction in his latest suggestions.
Track Record of Bold Calls
For instance, back in mid-2024, when XRP traded for $0.50, he predicted that it could break out from a historic seven-year bull pennant. Just months later, XRP surged nearly 600% to $3.40 by January 2025, confirming his thesis.
Since then, XRP has consolidated above $2, cooling off after that explosive run. Michael has repeatedly described the pullback as healthy. He has hinted that the next XRP wave would coincide with a major Bitcoin breakout. His latest post suggests that such a moment may now be approaching.
XRP Technical Patterns Align with Fundamentals
Other analysts echo Michael’s optimism. Just days ago, Davie Satoshi pointed to an Elliott Wave structure in XRP’s monthly chart. The pattern indicates that XRP is entering Wave III of a larger cycle — historically the most powerful breakout phase.
Separately, analyst Dark Defender also said XRP is ready for its next major rally, noting that it has completed its Wave 4 correction. In his view, the fifth wave could push XRP to nearly $4.50, as long as the $2.85 support holds. At press time, XRP is trading above $2.93, up 3.58% on the day.
Fellow analyst EGRAG also remains optimistic, pointing to a strong monthly structure and XRP’s position above the 21 EMA. He sees short-term targets of $3.90 and a long-term potential up to $46.
Meanwhile, Davie’s targets range between $8 and $30. He also highlighted Ripple’s acquisition of Rail Financial, the launch of RLUSD stablecoin, the global rollout of ISO 20022, and ETF filings as fundamental drivers that could amplify the technical setup.
Whales and AI Models Signal Strength
Other voices in the market, such as Ripple Van Winkle, have pointed to whale accumulation as evidence of renewed bullish pressure. Van Winkle cited large holders buying heavily during the recent dip under $2.70, calling it a bottom signal. Even AI-driven forecasts from tools like ChatGPT and Grok have leaned bullish on XRP.
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