Veteran Bitcoin investor Michael XBT believes Curve DAO Token (CRV) will be a standout performer in the current market cycle, drawing parallels to XRP rally in the previous cycle.
He revealed that he invested heavily in XRP during the last cycle and now sees similar potential in CRV. He pointed to the token’s relative strength against the broader crypto market as a possible sign of further upside.
According to Michael XBT, CRV is already showing strong performance, with price action that appears to be diverging from the wider market.
CRV to Rise Sharply Against Bitcoin
Notably, Michael is betting on a major move in CRV against Bitcoin. He said he started buying CRV at $0.20 and kept adding to his holdings as the price climbed.
“I think we’re about to witness that God Candle against BTC,” he said. His weekly CRV/BTC chart shows signs of recovery following a prolonged downtrend. The price is approaching a potential breakout from the pattern of lower highs and lower lows that has persisted since 2024.
A move above this pattern would strengthen the case for a trend reversal and signal renewed bullish momentum.
The token’s underlying data also supports the bullish outlook. Figures show $76 million in active loans, more than $300 million in staking, rising revenue, and a 16% reduction in CRV emissions.
These developments strengthen CRV’s investment case by highlighting ecosystem activity, capital committed to staking, and declining token emissions. Together, they support Michael’s expectation that CRV will outperform Bitcoin and the broader crypto market.
What About XRP?
Although Michael XBT favors CRV this market cycle, he remains bullish on XRP. When someone on X asked whether XRP was still positioned for a breakout, Michael reiterated his optimism and identified Bitcoin’s $87,000 level as a key trigger.
“I’m still bullish on XRP but Bitcoin needs to break the $87k level for XRP to get the big bullish breakout,” he replied.
Michael also noted that the crypto market had been trading sideways within the same price range for approximately two weeks.
His comments highlight Bitcoin’s importance in determining XRP’s next major move. A break above $87,000 is the key market condition he identified for XRP’s anticipated bullish breakout.
I’m still bullish on XRP but Bitcoin needs to break the $87k level for XRP to get the big bullish breakout. The market is still chopping in the same range we’ve been in for 2 weeks.
— Crypto Michael (@MichaelXBT) October 8, 2026
XRP Must Break $1.49 to Continue Rising
Moreover, Michael XBT says XRP must break above $1.49 to trigger its next major upward move. He advised traders to focus on price action rather than expectations. In his view, XRP’s next rally hinges on a decisive break above this resistance level.
A clear move above $1.49 would provide a bullish signal and strengthen the case for further gains. Failure to break through resistance would leave XRP vulnerable to continued sideways trading.
In sum, Michael sees CRV as his top pick to outperform other cryptocurrencies this cycle, drawing parallels with XRP’s performance during the previous market cycle. Notably, during the last bull run, XRP surged nearly 8x in one year, climbing from $0.49 to $3.66.
Meanwhile, CRV has underperformed in recent times. The coin dropped 12% over the past 24 hours and is currently trading 52% below its yearly high. Interestingly, XRP is also trading at a similar discount from its yearly high.