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Market Psychologist Says Wait Until You See The Incoming XRP Pump
May 9, 2025
While XRP has posted a notable 6% gain in the past 24 hours, market analysts believe the real XRP pump could still be in the works.
XRP is trading at $2.30, a new weekly high after rebounding from just above $2 earlier. This ongoing turnaround comes as Bitcoin reclaims the $100K region after three months of trading below it.
As Bitcoin continues to break barriers, market watchers like Michael XBT expect the momentum to spill into XRP, potentially allowing it to outperform BTC, as has historically been seen.
Commenting on XRP’s performance in a tweet, Michael recalled a time when sentiment around XRP was massively bearish. Notably, this was in early April, when XRP slipped toward a key support level of around $1.60.
XRP Holds Firm, Avoids Breakdown
At the time, many analysts called for a deeper correction. However, Michael, a self-described market psychologist, shared a chart showing that XRP had held its support line.
Contrary to the bearish calls dominating social media, he suggested the asset was primed for a reversal and warned that those advising to sell at support would likely be proven wrong.
The chart he shared highlighted multiple bounces from a long-term descending trendline, an early sign of strength that many had missed.
Since that call, XRP has rallied to $2.35, gaining over 47% from its April lows. Michael has now returned to the conversation, signaling that this rebound is just the beginning. He indicated that an even stronger pump could be on the horizon, reinforcing his conviction from earlier in the month.
His confidence comes as XRP breaks out from its downward pressure and invalidates the pessimistic outlook many held just weeks ago.
Wait until you see the incoming XRP pump..
— Crypto Michael (@MichaelXBT) May 8, 2025
Track Record of Contrarian Calls on XRP
Meanwhile, Michael also reflected on his previous predictions regarding XRP, which ultimately materialized. Specifically, back in July 2024, he had called for an impending historic breakout for XRP, saying that in his eight years of trading, he had never seen an asset with a seven-year bull pennant like XRP. At the time, XRP was trading at around $0.58.
Given the widespread pessimism around XRP, his prediction of an explosive surge faced significant resistance from other market commentators. Nevertheless, he stood by his call, and it took four additional months for the breakout to occur, specifically in November. From that point, XRP surged nearly 600%, from $0.49 to above $3.
Now, Michael compares the current sentiment around XRP to that of Bitcoin when it hovered around $76K. He prides himself that his most successful market calls have come during moments of doubt, when the crowd leaned the other way.
Over his eight years of trading experience, he says he’s developed a sense for market turning points that few others possess.
Meanwhile, other market commentators maintain bullish outlooks on XRP despite resistance from critics, including Egrag, Javon, and XForceGlobal. All of them have projected target prices ranging from $10 to as high as $100 for XRP in this cycle.
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