# Crypto Michael Sets $1.34 as XRP's Key Breakout Threshold By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/44911 Published: 2026-10-30T16:50:49.000Z Updated: 2026-10-30T16:50:49.000Z Section: Investing > His chart shows XRP in a steeper descending channel, with the lower boundary projected near $1.22. A late-October test near $1.34-$1.35 reversed. Crypto Michael marked $1.34 as the level XRP (XRP) must clear for a possible next advance, while his Oct. 29 chart also leaves room for a pullback to $1.22. “XRP needs to break $1.34 to activate the next leg up,” Crypto Michael (@MichaelXBT) wrote in a post on X. He also described a final dip to $1.22 as possible. The chart traces an earlier rise to $1.68, followed by a decline inside a descending channel. XRP moved above that formation in late September and reached $1.65 before turning lower again. Crypto Michael's chart places the newer, steeper channel's upper boundary near $1.34 and its lower projection around $1.22. A late-October attempt to reach $1.34-$1.35 reversed. TokenPost previously covered an [XRP setup in which a break below $1.25 could put $0.80 in view](). ## Links in this article - [XRP setup in which a break below $1.25 could put $0.80 in view](https://www.tokenpost.com/news/investing/34140)