Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Crypto Michael Explains Why He’s Still Long on XRP Since Last Month

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

CryptoNewsNetCryptoNewsNet2026/09/19 19:06
By:CryptoNewsNet
Back to the list

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

17 m

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.”

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.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

If Jensen Huang resigns, who could take over Nvidia? AMD's Lisa Su included in media candidates

AMD CEO Lisa Su, who holds a Ph.D. from MIT and led AMD back to growth while rebuilding customer trust during a crisis, is seen as a potential candidate. However, the competitive relationship between AMD and NVIDIA adds complexity to the succession process. Arm CEO Rene Haas, who worked at NVIDIA for seven years, is considered a smoother option for succession.

华尔街见闻•2026/11/10 08:56
If Jensen Huang resigns, who could take over Nvidia? AMD's Lisa Su included in media candidates

SoftBank reports first quarterly loss in two years! $3.7 billion impairment in US data center project, AI investments face pressure

SoftBank Group reported a net loss of 1.12 trillion yen in its second fiscal quarter, marking its first quarterly loss in nearly two years. The main reasons are the write-off of nearly $3.7 billion in advance payments due to adjustments in the procurement of power supply equipment for its AI data center in Ohio, USA, a shift of the Vision Fund from profit to loss, and a surge in the cost of high-debt financing. Since the June peak, SoftBank's share price has fallen more than 50%.

华尔街见闻•2026/11/10 08:16

Expanding computing power on one hand, grabbing spectrum on the other! Barclays optimistic about SpaceX (SPCX.US) acquiring T-Mobile: Complementary advantages of ground networks and Starlink

After Space's stock price rose for two consecutive days, Barclays stated that T-Mobile is the "cleanest" choice among SpaceX’s potential acquisition targets. Barclays considers Verizon a major unknown, while AT&T has the lowest strategic fit.

智通财经•2026/11/10 07:31

Will the Federal Reserve raise rates in December? Tonight's CPI will be the final verdict!

The October CPI data will be released tonight, with the market pricing in an 86% chance of a rate hike. Goldman Sachs predicts a core CPI month-on-month increase of only 0.16%, much lower than market expectations. However, statistical distortions in health insurance and declines in used car prices—these "soft factors"—are unlikely to be reflected in the core PCE, which the Federal Reserve places greater emphasis on. The data may trigger a relief rally, but it is unlikely to change the underlying hawkish sentiment.

华尔街见闻•2026/11/10 07:21
Will the Federal Reserve raise rates in December? Tonight's CPI will be the final verdict!