The crypto market has opened the day on a bullish note where the world’s largest cryptocurrency by market cap has slightly gained 1.25% trading close to the $17,000 level. The same is followed by other altcoins like Ethereum, BNB, and XRP among others.
The analyst with 643,300 Twitter followers claims that if Ripple’s XRP Price fails to move above $0.343, the currency will see a downfall of more than 22%. If the prediction turns out to be true, he says that XRP will plummet near $0.265 in comparison with Bitcoin.
Currently, XRP is selling at $0.344 with a gain of 2.30% in the last 24hrs.
Next, Van de Poppe talks about VeChain where he argues that though the currency is prone towards a bearish journey, there are chances for some bull run. The analyst predicts that if VET manages to trade above $0.016 the currency will witness some bullish divergence.
At the time of publication, VET is trading at $0.0161 after a surge of 2.16% over the last 24hrs.
Van de Poppe also discussed MATIC, stating that it is at a critical point and needs a bounce back. If this does not occur, he predicts that MATIC will reach a downward target of $0.64.
Van de Poppe also mentioned Chainlink, stating that it needs to move past $5.70 and $6 to maintain its bullish pace. If the bears become stronger, he believes that LINK will fall to $4.975.
Bitcoin To Rebound?
Michael van de Poppe talks about Bitcoin in his new strategy session via Youtube. The analyst informs that Bitcoin is expected to hit a target of $17,700 if the bull run continues. However, if the flagship currency fails to maintain this bullish momentum, BTC will make a downward move toward $16,400 and fall around the $15,800 support level.
At the moment, Bitcoin is trading at $16,730 after an upswing of 1.23% over the last day.