Crypto Michael (@MichaelXBT) recently shared his thoughts on XRP’s potential for a significant price surge on X. In his post, Michael stated that the upcoming breakout from the 7-year bull pennant pattern could result in a “disgusting” price pump for XRP.
He suggested that traders with strong convictions stand to gain substantial wealth from this move, and the price action could be so fast that some traders may not have the chance to act before it’s too late.
Taking Profits at $2
One user questioned whether Michael still planned to sell XRP at $2. Michael previously revealed his intention to take profits at $2. Notably, this would send his investment in the digital asset to $1.5 million. He reaffirmed this target, writing, “$2 is where I’ll take profits. Doesn’t mean it’s the exact top nor do I care tbh.”
Michael’s strategy is focused on a significant but reasonable gain, rather than trying to perfectly time the market’s peak. He further emphasized that his $2 target is, in his view, a major milestone, equating it to the equivalent of Bitcoin surging to $200,000 from current levels. He added, “$2 would be an insane pump,” reinforcing his belief that such a move would represent a major win for traders.
More Community Responses
Some responses from the community expressed concern or disagreement with Michael’s profit-taking strategy. One user pointed out that if Michael sold at $2, his trading journey with XRP wouldn’t last long.
Michael responded with a light-hearted tone, asking, “Why’s everyone let down by my take-profit target?” Although some see Michael’s $2 target as conservative, he remains confident in his strategy.
Another user’s response, “What’s disgusting for you?” prompted Michael to clarify his earlier statement. He replied, “Disgustingly bullish,” reiterating his belief that XRP’s potential breakout could result in a significant and rapid price increase. Despite differing views within the community, Michael’s confidence in a sharp rise in XRP’s price is clear.
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Is An XRP Surge Coming?
Not everyone shared Michael’s bullish outlook. One user posted, “See you at BTC 40k. XRP 0.4,” expressing doubt about Bitcoin and XRP’s upward potential. Michael responded with a simple “no,” affirming his bullish perspective on XRP.
XRP is trading at $0.5828, up 2.06% in the past 24 hours. Although Michael’s $2 profit target may be a cautious price target for some, it is a significant leap for XRP. Other analysts have also predicted surges to $2, and based on Michael’s comments, XRP could still climb further after hitting this target.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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