A popular crypto analyst is tracing XRP’s next move after its big weekend breakout.
Michaël van de Poppe tells his 85,000 followers on Twitter that XRP has a long road ahead before it can come close to $2.00, which some analysts have predicted could happen in the next extended bull cycle.
Before traders should expect such massive moves for the fourth-largest cryptocurrency, Van de Poppe says XRP has to first prove it can turn resistance at the $0.30 mark into support.
He notes that XRP’s rise to its current price of $0.43 marks the digital asset’s first higher high since the bear market that began back in early 2018.
“What you want to see and what you often see with XRP is a sharp run-up and correction, sharp run-up, correction. That’s why I’m getting a little bit cautious on the moves of XRP at this point. You generally want to see that it regains the previous support…