xrp cryptocurrency price

Here’s What’s Next for Bitcoin, Ethereum, XRP and Two Additional Altcoins, According to Analyst Michaël van de Poppe

Here’s What’s Next for Bitcoin, Ethereum, XRP and Two Additional Altcoins, According to Analyst Michaël van de Poppe
Written by publisher team

A popular crypto analyst and trader is laying out his predictions for a handful of leading crypto assets as the markets recover.

In a tweet to his 557,000 followers, Michael van de Poppe Says This may be the greenest pasture on the horizon for Bitcoin (BTC) if the leading cryptocurrency can hold the $42,000 support level.

“If the area holds about $42,000, I suppose we’ll start looking up.

Above $43,000, we could race towards $46,000 as there is not much in between for bitcoin.”

source: Michael van de Poppe / Twitter

Currently, the price of Bitcoin is up 2.32% at $43,639.

Next Analyzer look In the decentralized network Ethereum (ETH), which recently emerged from a month-long recession. He is looking at two key levels to see where the leading smart contract platform is heading forward.

“Good bounce from Ethereum.

The levels I am watching are $3,350 and $3,600 to break for more bullish expectations.”

picture
source: Michael van de Poppe / Twitter

Ethereum is currently up 3.76% for the day and is trading at $3,345.

Van de Poppe is moving to the distributed ledger XRP, which recently traded above the dollar on December 23 and has been in the range of $0.70-$0.80 over the past week. analyst Highlights In his chart, how XRP is trading in the same range as it did before the breakout last summer.

“To be honest, it is not the worst place to look at XRP.”

picture
source: Michael van de Poppe / Twitter

XRP is trading at $0.79 at the time of writing.

Looking at the enterprise-class scalable blockchain platform Elrond (EGLD) in the EGLD/BTC trading pair, Van de Poppe highlights the range from 0.004217 to 0.004834, which the altcoin uses Success In November and December last year before its most recent major breakthrough.

“EGLD may be at the bottom.”

picture
source: Michael van de Poppe / Twitter

Elrond saw choppy price action last month, dropping from the December 15 high of $338.55 to $186.88 on January 7. ELGD is up 2.55% on the day and trades hands at $211.93.

Van de Poppe concludes his cryptocurrency predictions by examining the VeChain Supply Chain Management (VET) project on the VET/BTC trading pair. analyst Believes VeChain chart reflects previous price action and may break VET after further consolidation within the support range.

“For the VET, this still shows similar price action that we saw in 2020-2021.

He did not break through a decisive resistance.

More consolidation so a new impulse can start.”

picture
source: Michael van de Poppe / Twitter

VeChain has an impressive 5% boost today and is worth $0.08 at the time of writing.

Check price action

Don’t miss out – sign up to get encrypted email alerts delivered straight to your inbox

Follow us TwitterAnd Facebook and Telegram

Browse The Daily Hoodle Mix

nbsp

Check out the latest news headlines

Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should perform their due diligence before making any high-risk investments in bitcoin, cryptocurrencies, or digital assets. Please be aware that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrency or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.

Featured Image: Shutterstock/ParabolStudio/Nickelser Kate

About the author

publisher team