XRP Breakout Claim Raises Eyebrows Despite Bitcoin Chart Mix-Up

An analyst has sparked discussion by claiming XRP could experience an unprecedented breakout, though the chart used to back the claim actually tracks Bitcoin. Schneider, a well-known crypto enthusiast, posted on X (formerly Twitter) that investors are underestimating XRP's potential, suggesting the token could be entering a phase never seen before in crypto after a seven-year accumulation period. "We have NEVER seen a breakout like this on ANY crypto after a 7-year accumulation," Schneider wrote, adding, "People aren't bullish enough."

The attached chart, however, shows Bitcoin's price movements against the U.S. dollar on a weekly timeframe, dividing historical cycles into bullish (green) and correction (red) phases. Despite the mix-up, Schneider used the Bitcoin chart to project a possible rise in Bitcoin's value to $175,000, $180,000 by 2029, starting from a highlighted region near $60,000. The analysis did not provide a direct price target for XRP.

Community members quickly pointed out the discrepancy, with one user noting, "That's a BTC chart..." The confusion highlighted the gap between the bullish claim for XRP and the Bitcoin-centric analysis. Schneider's post relied on historical repetition in Bitcoin's cycles as the basis for expecting large-scale gains, but the connection to XRP's future trajectory remained speculative.

The long-term forecast drew mixed reactions. Some commentators emphasized the multi-year span suggested by the analysis, while others expressed skepticism about relying solely on historical chart patterns for investment decisions. The episode underscored the challenge of applying broad market cycle theories to individual tokens without direct chart-driven evidence.