A veteran Bitcoin investor is once again drawing attention to XRP after reaffirming that the token remains his biggest altcoin position.
Michael XBT, a Bitcoin investor since 2014, disclosed that XRP continues to be his largest altcoin holding. He explained that even through the recent market correction, his publicly disclosed XRP buys have increased nearly tenfold compared to earlier periods.
According to Michael, his early XRP accumulation was widely mocked at the time. However, those purchases ultimately outperformed critics who doubted the asset’s long-term potential.
$150,000 XRP Buy Before the Breakout
Michael revisited a post from September 2022, when he revealed a $150,000 XRP purchase at around $0.33. That disclosure came alongside technical analysis suggesting XRP was breaking out against Bitcoin after forming a long-term macro falling wedge.
In the days that followed, he went on to accumulate thousands more XRP across multiple transactions.
At the time, XRP sentiment remained weak, with price action still compressed after years of underperformance. Meanwhile, XRP’s price today is vastly different from where it stood when Michael committed $150,000.
Specifically, XRP is now trading around $2.25, up roughly 20% over the past week. The move marks a continued recovery after more than six months of bearish pressure, following a previous cycle peak near $3.66.
Michael believes the recent cooldown has reset market positioning and opened the door for further upside. He believes that the structure favors XRP over the longer term.
Track Record: Bitcoin and XRP Calls That Played Out
Michael is known in crypto circles for accurately identifying major Bitcoin bottoms and long-term XRP setups.
In April 2025, with Bitcoin trading near $82,000 during a market dip, he shared a roadmap projecting a move beyond $100,000. His analysis pointed to a $112,000–$116,000 range, which later materialized before Bitcoin went on to print a new all-time high at $126,200 in 2026.
In a July tweet, Michael celebrated the target as complete and marked the end of that trade. “Retired. Thanks for playing,” he tweeted.
Retired.
Thanks for playing. https://t.co/vSNvzeXo68 pic.twitter.com/mDCrzLTKAS
— Crypto Michael (@MichaelXBT) July 11, 2025
On XRP, he highlighted a historic setup back in July 2024, pointing to what he described as a rare seven-year bull pennant — something he said he had never seen in his trading career.
At the time, XRP was trading near $0.58. The breakout followed months later, with XRP surging to around $3 by January 2025.
“Impatience Is the Real Cost”
During XRP’s correction in November 2025, Michael argued that fading confidence was part of a wealth transfer from impatient holders to long-term investors. He noted that XRP had already delivered an 800% move from earlier levels and suggested the pullback was setting the stage for another surprise move.
With XRP now stabilizing above $2 and sentiment slowly rebuilding, his latest conviction suggests a major move may still lie ahead. Among his near-term targets is for XRP to approach the $3 level once again.
XRP call playing out perfectly
I hope you listened https://t.co/YTJQkkeUt8 pic.twitter.com/fowi7IZzpa
— Crypto Michael (@MichaelXBT) January 5, 2026
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
