XRP, bottoming out now and preparing for a major breakout?...Analyst "Most are missing out"

▲ XRP

A strong claim has emerged that XRP is ending months of sideways movement and is on the verge of another major breakout. Michael XBT, known as a market veteran, emphasized that now, when most investors are not paying attention to XRP, is precisely the critical period.

According to The Crypto Basic, a cryptocurrency specialized media outlet, on May 7 (local time), Michael XBT stated via X (formerly Twitter) that “all eyes should be on XRP.” He said, “Most are not paying attention here. This is exactly what they want.” He then released additional charts, claiming, “XRP has bottomed out,” and “a major bullish rally is imminent.”

The chart presented by Michael XBT shows XRP falling from a high of $3.6 to a low just above $1, then consolidating around the $1.3 level for several weeks. He believes that since XRP has fallen approximately 70% from its peak, the worst period is already over. According to the chart, the key resistance zone is between $1.8 and $2, and if this zone is broken, it could open the way for a retest of $3, a level it has been below for seven months.

Michael XBT presented a strong bullish outlook not only for XRP but also for the altcoin market in general. He claimed that many cryptocurrency assets are currently trading in a “bottom zone” and are preparing for a parabolic rise. He pointed out that many investors are focusing only on Bitcoin (BTC) while missing out on the altcoin expansion phase. He added that “everything has just changed,” suggesting that altcoins could enter a parabolic phase accompanied by massive bullish candles.

The Crypto Basic reported that market optimism has recently strengthened again, centered on Bitcoin's movement. Bitcoin approached $83,000 the previous day for the first time in four months, and Michael XBT believes Bitcoin could target above $100,000 again. He predicted that this movement could stimulate anxiety about being left behind in the overall market, potentially leading to a shift of funds into altcoins, including XRP.

Michael XBT is a figure who has garnered market attention for his past major predictions related to Bitcoin and XRP. In January 2023, he predicted a Bitcoin bottom near $15,000 and suggested a potential move to $100,000, after which Bitcoin surpassed a six-figure price for the first time in December 2024. He also predicted a breakout from a 7-year long-term pattern when XRP was trading around $0.50, and XRP surged to around $3.40 in January 2025, an increase of approximately 600%. The Crypto Basic recently reported that some market observers are even making strong predictions that XRP could reach $8 to $12 by April 2027.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*