Crypto analyst Crypto Michael (@MichaelXBT) has drawn renewed attention to XRP, stating that the token is positioned for another significant breakout following a prolonged period of consolida
Crypto analyst Crypto Michael (@MichaelXBT) has drawn renewed attention to XRP, stating that the token is positioned for another significant breakout following a prolonged period of consolidation. He referenced his previous call from July 1, when he accumulated XRP at approximately $1, just before the asset staged a strong rally.
On July 1, Crypto Michael posted a chart showing XRP moving inside a lengthy falling wedge, having gradually declined from its all-time high of $3.65, last reached in July 2025. At the time, the price hovered near $1, prompting the analyst to reveal, “I’ve been accumulating XRP here. You’re about to see why.”
The prediction was quickly validated. XRP rose from roughly $1 to around $1.70 by August, notching a 70% gain in just over a month. This surge pushed the token beyond the falling wedge pattern that had pressured its price action for more than a year.
After this sharp rally, XRP entered a two-month phase of consolidation, with the price fluctuating between $1.25 and $1.50 throughout September and October.
Crypto Michael has continued to emphasize XRP’s potential, noting that the token “has been consolidating for over 2 months since the initial 70% rally I called at the $1 bottom,” and that “the next major break-out is due very soon.”
The extended period of consolidation, according to Crypto Michael, has created the conditions for a renewed move. The asset has stayed above its previous breakout level, compressing within a narrower range, which some analysts interpret as a sign of pending volatility and possible continuation to the upside.
The $1.70 resistance level remains a critical threshold for XRP. Clearing this zone could pave the way for a move toward $2, a price level that previously acted as a strong resistance during the token’s downturn in 2025.
Currently, XRP trades at $1.32, which places it about 64% below its prior all-time high. Throughout October, the $1.25 support has held firm, reinforcing the strength of the consolidation pattern.
Crypto Michael’s credibility was bolstered by his accurate prediction of the August rally from $1. As XRP continues to trade sideways, he has repeated his view that a second significant upward move is approaching, with market participants closely watching the upcoming price action.
Given XRP’s extended consolidation and critical resistance levels, the need for timely price alerts and accurate chart data is heightened for traders. CryptoAppsy addresses this demand by offering real-time charts and smart alerts specifically for XRP. These tools can help users react quickly as the token approaches key technical levels, ensuring they are informed of any breakout or reversal as it happens.
With XRP consolidating above $1.25 for more than two months and facing a decisive $1.70 barrier, technical analysts are closely monitoring the token for signs of a breakout.
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