Van de Poppe Predicts A Breakout For XRP After Two-Year Accumulation
Michaël van de Poppe, a popular cryptocurrency analyst and pro-trader is closely following XRP, which according to him is starting to gain some momentum.
In a recent video, the van de Poppe shares with his 120K YouTube subscribers that Ripple’s native token XRP is ready to rally.
“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.”
According to the trader his target price for XRP is $1.85, which is close to its 2021 high of around $1.96.
The analyst is also eyeing on XRP against its Bitcoin pair (XRP/BTC). According to the crypto analyst, XRP/BTC is one resistance away from climbing up towards 0.000038 BTC target.
“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.”
