Search results for MichaelXBT
Crypto
XRP rangebound run over? Rebound to $1.40 or drop below $1
After moving sideways for more than two months, XRP may be nearing an upward breakout, a report said. Trader MichaelXBT said the token entered a notable zone after a long correction, though he gave no target or timing. XRP traded at $1.32, up 2.25 percent on the day but down 11 percent over a month. Traders are split, with some citing buy signals and others warning of bearish indicators.
Crypto
Bitcoin investor says CRV is next after XRP as altcoin leadership may shift
Veteran Bitcoin investor MichaelXBT said Curve (CRV) is likely to post standout performance in the current cryptocurrency market cycle. Citing his past heavy bet on XRP, he said CRV could outperform the broader market and pointed to CRV/BTC as a key gauge. He also cited activity indicators such as lending, staking and reduced token issuance. MichaelXBT said he still expects XRP to break out, but tied it to Bitcoin exceeding $87,000 and XRP clearing $1.49.
Crypto
Bitcoin pullback deepens as market watches $70,000 support
Bitcoin is retesting a long-term support zone, with warnings that losing the $70,000 level could lead to its biggest weekly decline in years. Market participants are watching whether it can hold the lower trendline of a rising wedge that has formed since the 2021 bull market. Some analysts say a break could shift control to sellers. Others argue the weakness may reflect a common month-end correction pattern, while still warning of further downside.
