[DigitalToday reporter Yoonseo Lee] Crypto market analyst MichaelXBT claimed XRP has finished forming a bottom and that a long-running sideways range is in its final stage.

The Crypto Basic, a blockchain media outlet, reported on May 7 that he saw a chance XRP could enter another sharp upswing after months of correction.

MichaelXBT noted on X, formerly Twitter, that while the market’s attention is focused on bitcoin, XRP is receiving relatively little attention. He claimed, “Everyone should be watching XRP,” adding, “Most aren’t paying attention to XRP, and that’s exactly what they want.” In a chart he later shared, he said, “The XRP bottom is confirmed,” and added that a “major bullish rally” was imminent.

His suggested path was that XRP fell from a high of $3.6 to a little above $1, then moved sideways for weeks around $1.3. MichaelXBT judged that the toughest phase had passed, given the roughly 70 percent drop from the peak. With XRP currently around $1.4, his scenario implies roughly 2 times upside from the current level.

The key price zone he cited was $1.8 to $2. MichaelXBT forecast that if XRP breaks through this resistance, it could retest $3, a level it failed to surpass for 7 months. He viewed the recent correction not as a simple shift to a bearish trend but as a consolidation phase for the next rise.

This outlook was not limited to XRP. MichaelXBT also presented a bullish view on altcoins broadly. He said many cryptocurrencies are trading in a “bottom zone” and mentioned the possibility of a parabolic rise. He also said, “Everything just changed,” and expected altcoins could soon enter a parabolic phase marked by a series of large bullish candlesticks.

The backdrop is a rebound in bitcoin. Bitcoin recently neared $83,000, retesting a zone it had not exceeded for 4 months. MichaelXBT saw bitcoin as capable of again targeting levels above $100,000. His view is that if bitcoin strength spurs chase buying across the market, funds could spread into altcoins such as XRP.

MichaelXBT has drawn attention for pointing out key price zones relatively early in the past. In January 2023, he suggested a bitcoin bottom around $15,000 and anticipated a move toward $100,000. After that call, bitcoin first surpassed $100,000 in December 2024.

A similar track record is cited for XRP. When XRP was trading around $0.50, he suggested a possible breakout of a 7-year long-term pattern, and XRP later surged to about $3.40 in January 2025. The rise was about 600 percent. After that, XRP entered a long correction phase, slid more than 50 percent and regained levels above $3 in July 2025.

MichaelXBT now sees the subsequent correction as nearing an end. In recent weeks, other market participants have also offered bullish forecasts for XRP, and there have been continued observations that it could attempt a new high within the next few weeks. Some analysts also offered a more aggressive forecast that XRP could reach $8 to $12 by April 2027.

Still, for XRP to actually enter a new upswing, it must first be confirmed whether it can break the $1.8 to $2 resistance zone and whether bitcoin’s strength will continue. MichaelXBT’s forecast is drawing market interest based on past hits, but whether XRP can retest the $3 range after a long correction depends on short-term price action and a recovery in investment sentiment across altcoins.

All eyes on XRP. Most aren’t paying attention here. That’s exactly what they want. It’s coiled and primed. I will post the chart soon. Many will be shocked.