Market psychologist Michael XBT believes that XRP’s current trading position below its peak is a bullish indicator that could lead to a frenzy of fear of missing out (FOMO). XRP has experienced a significant rally recently, with its price reaching $2.50, a level not seen in seven years. This surge in price has attracted positive commentary from market observers, including former critics of XRP. Michael XBT, known for his bullish predictions on XRP, points out that the craziest thing about the current uptrend is that XRP has not yet reached its all-time high, suggesting that it is still in the early stages. He predicts that when XRP breaks its all-time high, the FOMO surrounding it will intensify. Currently, XRP is trading at $2.44, just 37.25% below its all-time high. If it sees an additional 57% price increase, it will surpass its previous peak. XRP has risen by over 64% in the last seven days, making this increase seem achievable. Michael reminds market participants that he accurately predicted the ongoing price surge of XRP, despite facing resistance from critics. He believes that many are underestimating how high XRP could go in this bull market, and experts suggest that there is still room for growth over the next 12 months. Initially, Michael set $2 as his target for selling XRP, but he has revised his stance due to the recent rally. He has not yet revealed his new target but challenges analysts who predict a 300X increase for XRP, stating that a 10X increase is a more realistic projection.
