Van de Poppe Updates ADA & XRP, Three Altcoins Are At Buy Level, He Says

Michaël van de Poppe, a popular crypto analyst and trader, updates his forecast on two leading altcoins, Cardano (ADA) and XRP.

In a recent video, the Van de Poppe says that Cardano is beyond important price levels a range from $1.90 to $2.10.

“I’m assuming that Cardano is quite close to being bottomed out at this stage, through which we can expect new impulse waves to be happening.”

Looking at Cardano against Bitcoin (ADA/BTC), Van de Poppe points out that there is a possibility that ADA could see new highs.

“I’m expecting that we’re going to have some slight consolidation comparable to the area that we had in April. So some slight consolidation here until we crack resistance, but if we [do], I think we’re going to be running with new all-time highs or new highs for Cardano here as well.”

According to the analyst there is one level with XRP that could indicate a bullish signal for the crypto market.

“I think that if you want to get into the markets then the chances are here that we’re finally getting bottomed out and we are ready for the next impulse wave in the market.

What is the level to crack for XRP? The area around $1.05 is the one that it has to crack through. I’m not assuming that we’re going to get it in one go, but I’m assuming that once it breaks through there, I think all coins will be breaking out left and right. But this is a good candle on XRP.”

Van de Poppe points out that the downturn is a good time to buy in, naming Avalanche (AVAX), Solana (SOL), and Fantom (FTM) as the three altcoins to go for during the dip.

“Should you be getting interested in the markets when it’s approaching support and when projects are dropping down by about like 35% to 45%? Yes, of course. 

When you get towards the support, people will ultimately become quite bearish and they are only expecting further downward momentum. That is the moment that you want to get into the markets.”