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$XRP An analyst who correctly predicted the previous XRP rally now suggests that the current downturn is a way to transfer wealth from the impatient to the patient.
For context, XRP has been a victim of bearish pressure over the past few weeks despite demonstrating impressive resilience during this period. Over the last seven weeks, XRP has experienced six bearish closes, with the week starting October 20 being the only exception, recording a 10% gain. Within this period, the price has dropped more than 23% despite an 8% jump this new week.
👉$XRP Seeing Bearish Pressure
Notably, this discouraging performance, which follows a broader market downturn, comes despite the launch of XRP ETFs. These products, which have cumulatively seen $586 million worth of inflows since Nov. 13, have done little to help the XRP price situation, with XRP now down 11.86% this month.
However, MichaelXBT, a well-known market analyst, believes this downtrend represents an important opportunity for savvy investors. In his latest market commentary, Michael highlighted how he correctly predicted the most recent explosive surge from XRP.
For context, in July 2024, when XRP consolidated around $0.58, Michael noted that the altcoin was trading within a large 7-year bull pennant, the longest he had seen. He suggested that XRP could witness one of the most decisive breakouts from this structure. This breakout occurred, as XRP soared 632% from $0.5 in November 2024 to $3.66 in July 2025.
👉Transfer of Wealth from the Impatient to the Patient
Now, XRP has again entered a consolidation, leading to bearish sentiments among investors, similar to the trend observed last year. Speaking on this, Michael confirmed that several market participants have again begun losing faith in XRP. However, he claimed that this loss of confidence was the primary aim of the ongoing downtrend.
Notably, due to the drop in confidence, some investors have begun selling off their holdings. Specifically, Glassnode confirmed in August that profit-taking volume among long-term XRP holders surged to $375 million on July 24. This represented an 8-month high.
However, while some investors with less conviction have taken to selloffs, others appear to be accumulating the tokens. The Crypto Basic discovered a few days back that large XRP whales had added $7.7 billion in XRP to their balances since August.
Michael believes this pattern demonstrates what’s happening in the market today. According to him, the ongoing downtrend presents an opportunity for wealth to transfer “from the impatient to the patient.”
The market pundit suggests that the pattern that played out in the build-up to XRP’s November 2024 breakout could be emerging again. Notably, during this period, XRP underperformed for months, leading to selloffs while others accumulated, before breaking out. Michael argued that “XRP is ready to surprise everyone again.”
However, he chose to hold off on any XRP price predictions in his latest commentary. Meanwhile, four months back, he claimed that the next XRP leg up would be “parabolic.” Weeks later, MichaelXBT argued that XRP would not remain below the $4 mark for long.
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