1. Home
  2. Altcoins
  3. Analyst Michaël van de Poppe Says XRP Gaining Momentum, Predicts Massive Breakout Against Bitcoin
Analyst Michaël van de Poppe Says XRP Gaining Momentum, Predicts Massive Breakout Against Bitcoin

Analyst Michaël van de Poppe Says XRP Gaining Momentum, Predicts Massive Breakout Against Bitcoin

0

Source: Daily Hodle

Analyst Michaël van de Poppe Says XRP Gaining Momentum, Predicts Massive Breakout Against Bitcoin

Closely followed crypto strategist and trader Michaël van de Poppe is keeping a close watch on XRP as he says the sixth-largest crypto asset is starting to gather some momentum.

In a new strategy session, the crypto analyst tells his 120,000 YouTube subscribers that XRP is threatening to launch a 46% rally from its current price of $1.26.

 

“Looking at XRP, we do see that we are having this beautiful [support] flip at $1.06. I’ve also marked the level around $1 as that is a very good entry point. But we can see that the very important, significant level at $1.06 is providing support here. Some consolidation, sideways action and most likely we’re going to have a new breakout to the upside for XRP.”

Using the Fibonacci extension tool, Van de Poppe says the target price for XRP is $1.85, which is close to its 2021 high of around $1.96.

Van de Poppe is also looking at XRP in its Bitcoin pair (XRP/BTC). According to the crypto analyst, XRP/BTC is one resistance away from igniting a 140% surge from its current value of 0.000025 BTC or $1.25.

“You want to take an entry around this area (0.000022 BTC or $1.10). You want to place your stop beneath. And most likely, we’re going to have a break that just pulls the trigger towards the next impulse move towards 0.000038 BTC, worth $1.90. And then you’re actually going to look for higher lows and higher highs. 

At this stage, we do know we’re creating higher lows, but you actually want to break this high (0.000038 BTC) and create a new higher high through which targeting a level 0.00006 BTC ($3.00) is pretty likely to be taking place.”  

I

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 

Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/AMFPhotography

The post Analyst Michaël van de Poppe Says XRP Gaining Momentum, Predicts Massive Breakout Against Bitcoin appeared first on The Daily Hodl.

Go to Source
Author: Daily Hodl Staff