“Time to Pay Attention to XRP Again” — Why Analyst Who Nailed $1 Bottom Says Next Parabolic Breakout Is Near

On October 28, cryptocurrency analyst Michael XBT, who had anticipated XRP’s earlier slide below $1 and its rebound, said in a post on X that the token could be close to another significant breakout after trading sideways for more than two months following a roughly 70% gain from about $1. He had disclosed on July 1 that he was accumulating XRP; the token then climbed from below $1 to around $1.70 in August before losing momentum. XRP traded at $1.33, up 0.6% over 24 hours but down about 11.9% over the previous month, according to CoinGecko, while Ripple separately received final approval from the Office of the Comptroller of the Currency to establish a national trust bank.