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Crypto Michael Explains Why He’s Still Long on XRP Since Last Month

source-logo  thecryptobasic.com 4 h
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Crypto Michael Keeps $XRP Long Open After July Accumulation Call.

Crypto trader Crypto Michael, who has about 126,000 followers on X, says he is still holding an $XRP leveraged long position opened last month. The latest position screenshot shows an XRPUSDT perpetual contract using 20x leverage, with an entry price of $0.9918 and a mark price of $1.4036.

The screenshot, timestamped September 19, 2026, displays a return of +830.51% on the leveraged position. The percentage shown represents the leveraged position return rather than $XRP’s underlying spot-price increase.

$XRP Has Risen More Than 40% From the Entry Price

Using the figures displayed in the position screenshot, $XRP increased from the $0.9918 entry to $1.4036, a difference of $0.4118 per $XRP.

That represents an underlying price increase of approximately 41.5%. With 20x leverage, changes in $XRP’s price produce substantially larger percentage changes in the position’s displayed return.

Michael said in his latest post that he remains in the $XRP long and expects the move to accelerate, telling followers that they “don’t want to be sidelined.”

Those statements represent his forecast, rather than an established future $XRP price.

July $XRP Chart Showed Falling-Wedge Structure

The position follows an earlier $XRP call published on July 1, 2026, when Michael wrote: “I’ve been accumulating $XRP here. You’re about to see why.”

I’ve been accumulating $XRP here.

You’re about to see why. pic.twitter.com/HYK5nHQPCC

— Crypto Michael (@MichaelXBT) July 1, 2026

His July weekly chart showed $XRP around $1.06, trading near the bottom of a large falling-wedge structure that had developed after $XRP’s decline from above $3. The chart also highlighted a major historical price zone around $1.90–$2.10.

Contemporary reporting on his July analysis recorded $1.90–$2.10 as his next target zone. $XRP was trading around $1.15 at the time of that subsequent report.

$XRP Position Remains Open Above $1.40

The two screenshots document the sequence from the July accumulation statement to the September leveraged position: $XRP near $1.06 on the July chart, a $0.9918 long entry, and a September mark price of $1.4036.

That puts $XRP roughly 41.5% above the stated entry price, while the displayed 20x leveraged position shows +830.51%. The position screenshot indicates the trade remained open as of September 19, 2026.

thecryptobasic.com