[DigitalToday reporter Yoonseo Lee] An ultra-bullish outlook has emerged that XRP could rewrite its record high again this year.

Blockchain media outlet The Crypto Basic reported on May 9 that veteran trader Michael XBT said XRP’s parabolic rise could begin within days and could be the biggest breakout zone this year.

The core of the remark is that XRP has ended a prolonged correction and sideways move and has entered a phase of testing upper resistance. In his latest post on X, formerly Twitter, Michael XBT said the rally could be the biggest breakout this year and added he hoped investors were ready.

A chart he shared showed XRP testing key resistance within a converging pattern. The analysis outlined a scenario in which XRP first breaks toward around $2 and then moves to higher price levels in the subsequent market cycle. At the time, XRP was trading around $1.41, and it was presented as having moved sideways in the $1.30 range over the prior several weeks.

The zone market participants are watching is $1.80 to $2. Michael XBT also argued early last week that XRP was undervalued while attention was focused only on bitcoin. He said XRP found stability around $1.30 for months after pulling back from a peak and viewed the correction as already complete. He expects that if it breaks this resistance, a rise toward $3 is possible, followed by a possible move into a new price discovery phase.

Michael XBT also raised the possibility of a new record high this year. After one user responded that even if XRP rises back to $1.80 it is not meaningful given it once hit $3.65, Michael XBT offered a stronger outlook. He replied that a new all-time high (ATH) for XRP is possible this year. The remark suggests a possible move into the $4 range from the price level at the time.

Behind the outlook is also his track record of correctly making several notable market forecasts in the past. He said in early 2023 that bitcoin had bottomed near $15,000 and could rise to $100,000 over the long term. Bitcoin later rose above $100,000 in late 2024.

He also said for XRP that when the token price was around $0.50 it could break out of a long-term structure spanning 7 years, and XRP later rose to about $3.40 in January 2025.

Amid this trend, the bullish view on XRP is not limited to Michael XBT alone. Some optimists are presenting XRP targets of $8 to $12 in the next major expansion phase. Still, the key short-term inflection point the market is watching is whether it breaks above the $1.80 to $2 resistance. If XRP clears this zone, expectations could rise again for a recovery to $3 and an attempt at a new record high.

The core of this outlook is that it points to the $1.80 to $2 resistance zone and the possibility of price discovery afterward, rather than simply presenting a target price. Market attention is focusing on which level XRP must surpass after a prolonged range to lead into the next upcycle.

XRP parabola will begin any day now. This will be the biggest breakout of the year. I hope you’re ready. https://t.co/un2Q9IFpU4 pic.twitter.com/iMn2vye3FC