Crypto analyst Crypto Michael (@MichaelXBT) recently followed up on his earlier XRP analysis. His message carries more urgency than before. XRP is currently trading at $1.32, down over 3% from yesterday, putting the price within striking distance of the critical $1.30 support level many analysts have been tracking. According to Crypto Michael, “the shakeout has begun.” He sees this decline as the final leg down before a significant reversal . Investors who hold through the pressure will be the ones positioned to benefit once the move comes. A Pattern Taking Shape Crypto Michael has been tracking a large falling wedge on the weekly timeframe. This structure began forming after XRP peaked in 2025. Since then, its price has produced lower highs while continuing to defend a long-term support trendline. The wedge is now approaching its apex, leaving XRP with limited room before a decisive move occurs. Weekly candles have become tighter as price trades deeper into the pattern. Swings have narrowed considerably compared to earlier stages of the correction. This compression reflects a market coiling before a significant directional move. The shakeout has begun This will be the final leg down for XRP Then a new dawn begins https://t.co/dFI2hfDLTM — Crypto Michael (@MichaelXBT) May 22, 2026 Support Holds, Resistance Remains The lower trendline sits around $1.30. Buyers have defended that level multiple times, including a breakdown attempt in early February . Each rejection from the upper resistance line has produced smaller pullbacks, suggesting sellers have not regained full control. The current price of $1.32 sits just above the critical $1.30 support level. A sustained drop below that level would test the falling wedge structure Crypto Michael is counting on. So far, it has held through months of selling pressure. The descending resistance trendline remains the primary barrier. It now intersects near $1.45 and $1.50. XRP recently tested that zone before pulling back. That rejection aligns with Crypto Michael’s earlier prediction . His follow-up post confirms he sees this week’s decline as that shakeout playing out in real time. What a Breakout Could Mean Crypto Michael sees one more move lower before momentum shifts upward. Investors who hold through the pressure stand to benefit if his outlook proves correct. Those who exit now become part of the shakeout he predicted. If XRP breaks above the descending resistance with strong volume, previous resistance zones between $1.80 and $2.20 become the focus. A confirmed breakout could also reopen the path toward higher levels from the 2025 rally. 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 Long-Term Bitcoin Investor: This Will Be the Final Leg Down for XRP Before a New Dawn appeared first on Times Tabloid .
