XRP has faced sustained downward pressure in recent weeks, even though the broader market experienced intermittent recovery periods. Despite this weakness, a market commentator known as MichaelXBT believes that the asset’s current performance reflects a reallocation of value from short-term holders to investors with a longer outlook. His position draws from previous cycles in which XRP experienced long periods of stagnation before advancing sharply. Extended Price Weakness Despite ETF Launches Over the past seven weeks, XRP has closed in negative territory for six of them, with only the week of October 20 showing an upward movement, recording a 10 percent gain. During this period, the asset declined by more than 23 percent, although it began the current week with an 8 percent advance. This downturn persisted even after the introduction of multiple XRP exchange-traded funds, which have collectively attracted approximately $586 million in inflows since mid-November. I called XRP before it pumped 800% Many are once again losing faith in XRP That’s the purpose of this correction, It’s a transfer of wealth from the impatient to the patient. XRP is ready to surprise everyone once again… That’s all I’m going to say. https://t.co/D4dWE6powa — Crypto Michael (@MichaelXBT) November 24, 2025 Even so, XRP is down nearly 17% for the month, indicating that institutional demand generated through the ETF market has not yet produced a noticeable effect on spot pricing. Some analysts attribute this to broader market weakness and uncertainty among retail participants. Analyst Revisits Earlier Successful Forecast MichaelXBT recently commented on the ongoing retracement by referencing his earlier analysis from mid-2024. At that time, XRP traded around $0.58 and showed limited volatility. He identified what he described as a multi-year consolidation pattern, which he believed could precede a substantial upside move. His assessment was followed by an extended rally, in which XRP rose from approximately $0.50 in November 2024 to $3.66 by July 2025, representing a gain of more than 600 percent. Market Confidence Declines as Consolidation Continues According to the analyst, XRP has once again entered a consolidation phase, and many traders appear discouraged by the lack of upward momentum. He stated that declining sentiment is contributing to increased selling activity, particularly among long-term holders. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Data from Glassnode indicates that profit-taking behavior intensified earlier in the year. On July 24, sales by long-term XRP holders reached an estimated $375 million, marking the highest level recorded in eight months. This development reflects a shift in market posture, with some participants reducing exposure while others continue to increase their positions. Accumulation by Larger Holders Underscores Divided Market Strategy Contrary to the trend among some retail holders, wallet analysis suggests that large XRP accounts have expanded their holdings significantly. Recent findings show that major XRP holders accumulated roughly $7.7 billion worth of tokens between August and the time of the latest analysis. This divergence highlights a clear division between investors reacting to short-term volatility and those adopting a long-term strategy. MichaelXBT interprets this behavior as evidence that the current correction is functioning as a redistribution phase. In his view, the conditions resemble those that preceded XRP’s breakout in late 2024, when extended weakness prompted selling from less confident holders while long-term investors increased their exposure. Although he did not provide a specific forecast in his latest remarks, the analyst stated that XRP may again deliver a strong upward movement once the consolidation period concludes. Earlier this year, he described the next upward phase as potentially parabolic and weeks later asserted that XRP was unlikely to remain below the $4 range for an extended period. While short-term sentiment remains divided, his latest commentary suggests that he views the current correction as a possible setup for another major trend in the future. 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. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Who Called 800% XRP Surge Shares New Insight appeared first on Times Tabloid .
