Crypto Michael Says XRP Must Break This Level to Activate Next Rally

Crypto analyst Crypto Michael (@MichaelXBT) has identified a critical price level that he believes will determine XRP’s next major move. His analysis points to two possible outcomes from the current structure, one of which involves a further decline before any upside materializes.

The Descending Channels

XRP traded at $1.2901 at the time of his analysis, down 2.58% on the day. Since August, the asset has moved through two distinct phases. The asset broke out and rallied to $1.68 in a few days, but that momentum stalled and it entered a descending channel.

It then broke above that channel in late September and pushed to $1.65. That move failed to hold, and XRP entered a second, steeper descending channel where it currently trades.

The upper resistance line of this channel sits near $1.34. The lower support line projects toward $1.22. XRP has respected both boundaries across multiple touches.

XRP needs to break $1.34 to activate the next leg up

A final dip to $1.22 is possible until that level is broken pic.twitter.com/Pgm5Eamadv

— Crypto Michael (@MichaelXBT) October 29, 2026

The Line That Changes Everything

Every rally toward the upper trendline has met selling pressure. The most recent attempt in late October reached approximately $1.34-$1.35 before reversing. Crypto Michael stated: “$1.34 needs to break to activate the next leg up.” Until $1.34 breaks, the structure stays bearish.

A Potential Bearish Scenario

Crypto Michael does not rule out a deeper pullback first. He notes that “a final dip to $1.22 is possible” before the breakout level gives way. The lower boundary of the channel continues to slope downward and projects into that zone over the coming days. A move there would represent a roughly 5.4% decline from current levels.

Some market participants have shared bearish predictions for the rest of 2026. However, buyers previously stepped in around that area in mid-October when the price tested $1.26. If $1.22 holds, it could mark the bottom for XRP. This would set the asset up for another retest of $1.34, and a potential break above it.

XRP Sits at a Decision Point

The setup is binary. Either XRP’s price breaks $1.34 and the next leg begins, or the channel holds and a test of $1.22 follows first. The structure is defined, and XRP must now make a decision to test higher levels or retrace and prepare for another move. The community is waiting, and this decision could come soon.