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XRP Could Pull Off Giant 420% Rally, According to Crypto Analyst Michaël Van De Poppe – Here’s How

XRP Could Pull Off Giant 420% Rally, According to Crypto Analyst Michaël Van De Poppe – Here’s How
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Cryptocurrency analyst and trader Michael van de Poppe analyzes the in-store price of XRP in terms of price in the coming year.

XRP is trading at $0.83 at the time of writing, and is up 3.77% in the past 24 hours. The eighth-largest crypto asset by market capitalization is down nearly 40% from a 30-day high of $1.35.

Van de Poppe tells his 153,000 YouTube subscribers that he sees roughly a price zone between $0.81 and $0.97. If the open source cryptocurrency can hold these levels, it puts XRP in a position to spark a powerful 140% rally.

“If these things are going to continue, then we are likely to have a scenario like this[high to $2.00]where we start to breakout, and those are the catalysts here ($0.90, $1.00, $1.20)…then, get a vertical move.” .

From there, Van de Poppe uses a Fibonacci extension tool to indicate that the next target XRP points are $2.87 and $4.33. If XRP follows Van de Poppe’s script, the altcoin will likely rise more than 420% over current prices.

The analyst notes in the comments section of his YouTube video that he made these price predictions before the value of XRP collapsed over the weekend. However, he says his predictions have not changed.

In general, Van de Poppe Says His 521,800 followers on Twitter said they are not bothered by the bearish trend in the cryptocurrency markets at the moment.

“Fear hasn’t been so low since May’s accident.

The feelings can literally be compared to a funeral. I love that.”

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Featured Image: Shutterstock / Bryan Vectorartist

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