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Ripple-linked XRP may be gearing up for another parabolic move, at least according to a trader who called XRP’s breakout from a seven-year pennant in 2024 ahead of the token’s eventual breakout above $3 later that year.
Crypto Michael is once again sounding the alarm for bulls, telling his followers to “get ready for green. A lot of green.” This time, however, there is a catch: the analyst has kept his latest chart setup private, meaning he has not disclosed a specific price target, resistance level, or timeframe for the potential move.
Trader Is Suddenly Seeing “A Lot of Green” for XRP
In a Sept. 29 post on X, Crypto Michael revealed that he had a fresh XRP chart setup he wanted to share publicly, but said he had agreed to keep the details exclusive to members of his group.
He offered little in the way of specifics, but his message to XRP traders was unmistakably bullish:
“Let’s just say… get ready for green. A lot of green.”
The teaser leaves plenty of room for speculation, however, because Michael did not reveal the price levels, breakout targets, or timeframe behind his bullish outlook. For now, his “a lot of green” call offers more intrigue than concrete details, leaving XRP traders watching closely for the chart setup he has kept behind the group’s paywall.
Michael turned up the bullish rhetoric even further in a follow-up post, describing the current XRP rally as something that was supposedly “foretold in ancient scriptures dating back to the Egyptian times.”
He then compared the potential move to a parabolic rally, claiming the surge could be so dramatic that millions of people could eventually escape traditional 9-to-5 jobs. Michael described the potential move as a “historical event” and a “lifeboat to financial freedom,” underscoring just how extreme his expectations for XRP are.
Crypto Michael’s Track Record
Michael’s bullish stance on XRP did not begin with his latest posts. His current outlook dates back to the token’s lengthy consolidation in 2024, when XRP was still trading below $1.
In July 2024, he highlighted what he viewed as a seven-year bull pennant, arguing that the formation could set the stage for one of the cryptocurrency market’s most significant breakouts.
The pattern eventually broke higher during the November 2024 rally, and Michael later pointed back to his earlier analysis as XRP pushed through $1 and ultimately climbed above $3.
He also revealed in July 2024 that he bought XRP after years of sideways price action, arguing that widespread selling and investor capitulation had created the kind of setup he had been waiting for.
With XRP now trading above $1.50, the question is whether Michael’s latest update is pointing to another explosive move or simply another round of crypto-market hype.
Source: ZyCrypto