Market analyst MichaelXBT predicts a potential breakout for XRP, suggesting the current downtrend is shifting wealth from impatient to patient investors. Despite experiencing a 23% decline over seven weeks, XRP showed resilience with a 10% gain in the week starting October 20. MichaelXBT highlights that XRP's current consolidation pattern resembles the setup before its significant 632% surge from $0.5 to $3.66 between November 2024 and July 2025. Large XRP holders have accumulated $7.7 billion since August, while short-term investors took $375 million in profits in July, indicating a strategic accumulation phase.