Analyst Says Next Major Move Will Align with Bitcoin Breaking the 8-year Line

Following a period of consolidation that has lasted since early 2025, XRP may be preparing for its next major move. According to analyst Crypto Michael (@MichaelXBT), the digital asset’s breakout from a long-standing technical formation has already produced a substantial rally. But the next stage of its cycle could soon begin. XRP surged more than 500% between November 2024 and January 2025 after breaking above a 7-year pennant formation that had been developing since 2017. The pattern, highlighted in Michael’s July 2024 analysis, revealed a long-term volatility squeeze that could lead to a sharp directional move. The breakout occurred in late September , validating the prediction, with XRP soaring from around $0.55 to briefly touch the $3.39 level before settling above the $2 mark. XRP has been consolidating for 7 months since it pumped 700% after breaking out of the 7-year pennant, which I predicted. It has now reached the end of its healthy consolidation period. The next major move will begin soon and should align with Bitcoin breaking the 8-year line. https://t.co/D4dWE6powa pic.twitter.com/GSnXsghfbW — Crypto Michael (@MichaelXBT) June 15, 2025 Consolidation and Structural Strength In his new chart, the analyst emphasized that the asset has now undergone a “healthy consolidation” for approximately seven months, trading mostly sideways but maintaining its position above key psychological levels . “It has now reached the end of its healthy consolidation period,” he said, noting that a new major move is expected soon. The chart shows XRP respecting the upper range of its breakout and maintaining elevated price levels, which the analyst interprets as structural strength. The consolidation, while extended, has not led to any sustained retracements, indicating that selling pressure may be limited. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Market Context and Next Phase Importantly, Michael connects the next stage in XRP’s price development with broader market trends. He specifically mentions the potential alignment with Bitcoin’s trajectory. The asset’s perceived reputation as Bitcoin’s successor positions it to benefit from the largest cryptocurrency’s growth. XRP’s performance post-breakout has largely followed a predictable pattern of explosive upside followed by consolidation. However, what sets this phase apart is the context, both technical and historical. Breakouts from 7-year structures are rare in crypto markets, which typically experience shorter accumulation and distribution cycles. The sustained move and relative price stability over the last two quarters reflect what could be the foundation for another surge. Looking Ahead XRP is currently trading at $2.18, and whether the asset will maintain this momentum depends not only on its chart structure but also on broader crypto market behavior. If Bitcoin does break its 8-year resistance, XRP may benefit from the liquidity and sentiment shift that usually accompanies such moves. 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 advised to conduct thorough 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 X , Facebook , Telegram , and Google News The post Analyst Says Next Major Move Will Align with Bitcoin Breaking the 8-year Line appeared first on Times Tabloid .