Despite recent weakness, analyst MichaelXBT believes XRP is undergoing a redistribution of value from short-term to long-term investors. His analysis draws parallels with past cycles where XRP experienced extended stagnation before significant rallies. Following the launch of several XRP exchange-traded funds, which have attracted over $586 million in inflows, the asset has seen its price decline for seven consecutive weeks. 800% gains on XRP were previously predicted by MichaelXBT, and many are now losing faith in the cryptocurrency. This correction could potentially precede a breakout rally. MichaelXBT’s view aligns with data suggesting long-term holders are accumulating tokens, while retail investors remain cautious.