Search results for Michael XBT
Crypto
XRP jumps 15 percent in a day, breaks long-term downtrend
XRP surged 15 percent in a day, breaking above a long-term downward trendline that has capped prices since July 2025. It rebounded to around $1.26 after sliding to $0.98 last week, according to The Crypto Basic. Analysts pointed to a weekly-chart breakout and a daily close at $1.10 above the 50-day exponential moving average. They said the $1.10 to $1.15 area is key for confirming a longer-term shift.
Crypto
Trader who called bitcoin bottom warns next drop could be more severe
Cryptocurrency trader Michael XBT, who is known for predicting bitcoin’s 2022 bottom, has again warned of the possibility of a further steep drop. He said bitcoin has already fallen about 12 percent on a weekly basis, but the next leg down could be harsher. Citing a long-term chart support line, he said a clear break could trigger liquidations similar to the market collapse seen after the 2022 FTX liquidation episode. He also disclosed gains on a leveraged short position.
Crypto
XRP tests $1.80-$2 resistance as trader flags possible new high this year
Bullish calls are emerging that XRP could set a new record high this year. Blockchain outlet The Crypto Basic reported that veteran trader Michael XBT said XRP’s parabolic rise could begin within days and become the year’s biggest breakout. He sees XRP testing a key resistance zone after a long consolidation. Market focus is on $1.80 to $2. A break above could open a move toward $3 and beyond.
