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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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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 / Bryan Vectorartist

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