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


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.

 

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“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

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