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A popular analyst and trader says he remains bullish on XRP despite overall uncertainty in the cryptocurrency market.
In a new blog post, Michal van de Poppe says XRP is one of the strongest moves in the market these days.
He also To tell XRP’s chart looks like the sixth-largest cryptocurrency wants to maintain its bullish momentum.
The 1-day timeframe seems to want to maintain the upward momentum as we can see the strength of the rebound we are seeing across the market. We would like to keep it, in which case a retest at $0.52 is imminent.
A clear breakthrough at $0.52 gives an argument for further upward momentum with a target of $0.65 and possibly $1. ”
As of this writing, XRP is trading at $0.471, down nearly 3% over the past day.
Next is Cardano (ADA), a smart contract platform. Van de Poppe says Ethereum (ETH) competitors are currently hovering at very favorable levels for long-term bulls.
Finally reached the critical level where it all started in 2021. A proper long entry for investment. Very decent.
As of this writing, ADA is worth $0.36, flat for the day.
Looking at Chainlink, a decentralized oracle network, Van de Poppe believes LINK continues to show signs of strength and is one resistance away from igniting a huge rally.
“Breaking $7.40 starts the party, then we’ll consider continuing towards $11.”
At the time of writing, LINK is trading at $7.17, flat on the day.
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