Trader Who Made XRP Millionaires In 2024 Releases New XRP Price Prediction

Michael XBT, a prominent market analyst known for his expertise in Bitcoin, has shared a new forecast for XRP’s price movement. He emphasizes that his previous projection, issued in mid-2024, delivered substantial returns and transformed ordinary investors into millionaires. July 2024 Prediction Delivered Exceptional Returns In July 2024, Michael identified a bullish technical chart signal , a breakout from a seven-year bull pennant formation, describing it as the most compelling setup he had encountered in cryptocurrency markets. At the time, XRP was priced around $0.50 and underperformed despite positive developments involving Ripple’s corporate deals. Many market participants dismissed the token, but Michael remained steadfast in his conviction. That conviction paid off. XRP surpassed the $0.50 resistance level by November 2024 and surged sharply to reach $3.40 in January 2025, representing a nearly 580% increase. This move marked a return to price levels not seen since 2018. The prediction earned respect from some previously critical voices, many of whom acknowledged the accuracy of Michael’s original call. Last year, I shared an XRP prediction that helped many ordinary people become millionaires. The cabal didn’t like it. They tried to stop me in various ways. Yesterday, I posted another XRP prediction.. I wouldn’t be surprised if they try to stop me again when it plays out. https://t.co/49ZsoVxT1E — Crypto Michael (@MichaelXBT) June 16, 2025 Seven-Month Consolidation Marks a Pause Following the parabolic uptrend, XRP entered a consolidation phase that lasted approximately seven months. This period included a decline of over 50%, bringing the price down to around $1.60. Since that dip, XRP has mostly remained above $2. Michael interprets this behaviour as a healthy correction. He suggests it represents a period of accumulation and stability, setting the stage for the next upward move. According to him, XRP is now exiting this consolidation and preparing for a new rally. Bitcoin Breakout to Ignite Next Crypto Surge In his latest commentary, Michael shifts attention to Bitcoin. He notes that Bitcoin is nearing a breakout above an eight-year descending trendline. He believes that when Bitcoin finally surges past that resistance, its momentum will ripple through the crypto market and significantly benefit altcoins like XRP. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Michael cautions that this upcoming rally could be supported by what he terms a “generational wealth” event, which would draw wider investor interest. Although he does not specify XRP’s exact target, he suggests the movement could prove exceptionally rewarding for long-term holders. Potential Gains and Price Range Expectations Michael acknowledges possible resistance to this forecast but remains confident in its potential. He points to analyst projections that XRP might reach between $5 and $30 during this cycle. Even at the lower bound, investors holding 500 XRP could see significant gains. For example, if XRP climbs to $5, a holding of 500 tokens, currently worth approximately $1,000, could increase to $2,500, representing a 150% gain. Some in the community believe XRP could reach $100 ; however, Michael regards this as overly optimistic for the present cycle. Still, he notes that even speculative targets in this range would have a lasting impact on smaller positions. Michael XBT reiterates that his mid-2024 XRP call delivered transformative results and that he is prepared to repeat that level of accuracy. With XRP emerging from its consolidation and Bitcoin potentially breaking a significant resistance, he believes market conditions are aligning for a new round of significant price movement. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Trader Who Made XRP Millionaires In 2024 Releases New XRP Price Prediction appeared first on Times Tabloid .

Source: TimesTabloid