XRP traders are closely watching whether the current decline represents another stage of the market’s correction or a sign of further weakness. Crypto Trader Crypto Michael has offered a tech
XRP traders are closely watching whether the current decline represents another stage of the market’s correction or a sign of further weakness.
Crypto Trader Crypto Michael has offered a technical outlook that places particular importance on the $0.90 level, stating that XRP could make one more move lower before attempting another rally.
His latest post on X focuses on the possibility of a bear trap and suggests that short-term weakness could precede a stronger recovery if XRP maintains its key support.
This XRP re-test is part of the process.
Every XRP rally begins with a bear trap.
As long as $0.9 holds, I anticipate a rally after this final move down.
Many will fold and capitulate.
That’s the point.
Only the strong will survive.
It’s called the 1% for a reason.
— Crypto Michael (@MichaelXBT) August 7, 2026
Crypto Michael described the current XRP retest as part of the market’s ongoing process. According to his analysis, XRP rallies have historically involved a bear trap, and he expects a similar pattern to develop again.
He stated that his bullish outlook remains intact as long as XRP holds $0.90. Under that condition, he anticipates another rally following what he describes as a final downward move.
The trader also suggested that the decline could prompt some holders and traders to sell their positions amid heightened uncertainty. He characterized this potential capitulation as part of the process rather than a reason to abandon the broader bullish outlook.
Crypto Michael concluded his post by saying that only the strongest participants would remain positioned through the move, referring to the “1%” as those who maintain their conviction.
The response to the post included significant criticism of Crypto Michael’s latest prediction. The End From The Beginning accused the trader of previously moving away from technical analysis and joining what the commenter described as the XRP “shill” community. The commenter said they were pleased to see Crypto Michael return to technical analysis.
Another user, Ullr, directly rejected the prediction and called on Crypto Michael to stop repeating what they described as an ongoing narrative of XRP holders eventually surviving another downturn.
Ullr referenced previous claims that XRP would rally as long as it remained above $1 and argued that repeated expectations for an imminent recovery had become difficult for some market participants to accept. The commenter maintained that XRP could remain weak for an extended period and rejected the idea that a recovery was necessarily close.
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Rachel offered a more moderate view, suggesting that XRP could stop its decline around $1. The commenter also pointed to Bitcoin, stating that BTC was already beginning to separate from XRP in market performance.
Crypto Michael’s latest analysis therefore centers on whether XRP can maintain its key support levels during the current correction. His $0.90 threshold represents the level he considers important for preserving his expectation of another rally.
If XRP falls below that level, his stated setup would face a significant technical challenge. For now, however, Crypto Michael continues to expect a potential final move lower before another rally develops.
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 advised to conduct thorough 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.
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