Crypto Analyst Van de Poppe Explains How XRP Could Ignite 420% Rally

A top crypto market strategist and trader Michaël van de Poppe is looking into XRP and what the outlook is for the year to come.

At the time of writing XRP is trading at $0.81 with 2.8% down in the daily chart. The digital asset, currently ranked at 8th largest crypto by market cap, is down 20% on the weekly chart.

In a recent video, Van de Poppe shared with his 153K YouTube channel subscribers that the key area for the price he’s watching is somewhere between $0.81 and $0.97. If XRP manages to stay in those levels, it puts the asset in a very favorable position to spark a 140% rally.

“If these are going to hold, we’re most likely going to have a scenario like this (rally to $2.00) in which we start to break out, and these are the triggers here ($0.90, $1.00 and $1.20)… Then, we get a vertical move.”

Should that happen, the analyst says that the next target points for XRP would be $2.87 and $4.33, based on Fibonacci extension tool. This scenario would be a 420% move up from the asset’s current prices.

On the bigger picture of the markets, is not worried about the bearish sentiment in the crypto markets right now. He tweeted: