Pundit: Michael Saylor Just Flipped, XRP Holders You’d Better Watch This

Levi Rietveld, creator of Crypto Crusaders and a prominent XRP enthusiast, is watching two major catalysts reverse simultaneously. He highlighted these in a recent video and believes XRP holders should pay attention.

On May 26, Michael Saylor announced his first Bitcoin sale, and markets reacted immediately. Multiple consecutive red days followed, with prices hitting lower lows and lower highs on the daily chart.

Then, on June 2, Iran announced no peace deal with the U.S. and launched drone strikes, pushing prices even lower. Now, both of those catalysts are flipping.

Michael Saylor Signals a Buy

Saylor recently hinted at purchasing more Bitcoin, stating it is “a good time to add more dots.” Strategy, formerly known as MicroStrategy, has operated as a consistent Bitcoin accumulator since adopting its Bitcoin treasury strategy in 2020. The company has set a target of holding 1 million BTC by the end of 2026, which would give it control of nearly 5% of Bitcoin’s total supply.

Rietveld sees this buy signal as a direct reversal of the sentiment that weighed on markets over the past week and a half. Saylor selling Bitcoin and Iran rejecting peace talks hurt the markets. The opposite of both, happening at the same time, points toward potential short-term upside.

Iran Peace Talks Resume

Iranian Foreign Minister Abbas Araghchi is currently meeting with Pakistani envoys in Tehran for peace talks with the U.S. Rietveld notes that throughout the current Iran-US conflict, both sides have repeatedly shifted positions. He says this pattern has made market moves predictable and tradeable each time it has happened. He expects this instance to follow the same pattern.

What the Charts Show

On shorter-term timeframes, price action has already started to turn green after the recent decline. Rietveld notes that XRP’s price is approaching a top resistance line quickly. That compression near resistance, aligning the reversal of both catalysts, signals a potential short-term rally coming next week.

He is not calling a major trend change. The focus here is on near-term price behavior tied directly to two specific, identifiable events now moving in a favorable direction.

What This Means for XRP

The combination of Saylor returning to a buying stance and diplomatic movement on the Iran-U.S. front gives the market two reasons to shift sentiment in the near term. Rietveld believes both catalysts are now pointed in the right direction, and the charts are beginning to reflect that.

XRP holders who have been waiting on the sidelines now have a clearer picture of what drove the recent downside, and what could drive the next move up.

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.

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