The post XRP Price Prediction: Can It Repeat Its 600% Rally? appeared first on Coinpedia Fintech News
Crypto investor and analyst Michael XBT, who correctly predicted XRP’s massive 600% surge in 2024, is once again turning heads with a new forecast. Could XRP be gearing up for another breakout? Let’s dive into what he’s saying now.
XRP faced a brutal second quarter in 2024, dropping by 25% and hitting a yearly low of $0.38 on July 5. Interest in the token was fading fast.
But while sentiment was low, Michael XBT spotted a bullish pattern forming — a 7-year bull pennant, a strong continuation setup in technical analysis. He predicted a major breakout.
And he was right.
By January 16, 2025, XRP skyrocketed to $3.40, marking a stunning 600% increase from its lows — exactly as he forecasted.
After peaking in January, XRP has entered a consolidation phase. Here’s a look at recent performance:
            .article-inside-link {
                margin-left: 0 !important;
                border: 1px solid #0052CC4D;
                border-left: 0;
                border-right: 0;
                padding: 10px 0;
                text-align: left;
            }
            .entry ul.article-inside-link li {
                font-size: 14px;
                line-height: 21px;
                font-weight: 600;
                list-style-type: none;
                margin-bottom: 0;
                display: inline-block;
            }
            .entry ul.article-inside-link li:last-child {
                display: none;
            }
Despite recent pullbacks, XRP is holding strong above $2, even after touching $1.60 on April 7.
Michael XBT calls this a “healthy cooldown” before the next big move.
Michael now believes XRP could be on the verge of another massive breakout — one that could rival Bitcoin’s 8-year trendline breakout.
While he hasn’t given a specific price target yet, his confidence is clear.
Other analysts expect XRP to reach $5 to $30 during this cycle. However, some extreme bulls still cling to the dream of $100 XRP, though many experts view this as highly unrealistic.
Michael XBT’s track record has earned him credibility in the crypto world. With XRP showing signs of a potential breakout, investors are watching closely.
        .article_register_shortcode {
            padding: 18px 24px;
            border-radius: 8px;
            display: flex;
            align-items: center;
            margin: 6px 0 22px;
            border: 1px solid #0052CC4D;
            background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%);
        }
        .article_register_shortcode .media-body h5 {
            color: #000000;
            font-weight: 600;
            font-size: 20px;
            line-height: 22px;
			text-align:left;
        }
        .article_register_shortcode .media-body h5 span {
            color: #0052CC;
        }
        .article_register_shortcode .media-body p {
            font-weight: 400;
            font-size: 14px;
            line-height: 22px;
            color: #171717B2;
            margin-top: 4px;
			text-align:left;
        }
        .article_register_shortcode .media-body{
            padding-right: 14px;
        }
        .article_register_shortcode .media-button a {
            float: right;
        }
        .article_register_shortcode .primary-button img{
            vertical-align: middle;
			width: 20px;
			margin: 0;
    		display: inline-block;
        }
        @media (min-width: 581px) and (max-width: 991px) {
            .article_register_shortcode .media-body p {
                margin-bottom: 0;
            }
        }
        @media (max-width: 580px) {
            .article_register_shortcode {
                display: block;
                padding: 20px;
            }
            .article_register_shortcode img {
                max-width: 50px;
            }
            .article_register_shortcode .media-body h5 {
                font-size: 16px;
            }
            .article_register_shortcode .media-body {
                margin-left: 0px;
            }
            .article_register_shortcode .media-body p {
                font-size: 13px;
                line-height: 20px;
                margin-top: 6px;
                margin-bottom: 14px;
            }
            .article_register_shortcode .media-button a {
                float: unset;
            }
            .article_register_shortcode .secondary-button {
                margin-bottom: 0;
            }
        }
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.