According to Michaël van de Poppe, a famous crypto analyst and trader, XRP is gaining momentum for a massive breakdown.
XRP is said to shoot above $ 1.80 when it crosses the 90-day high
In a current video on the Crypto Michaël YouTube channel, analyst Michaël van de Poppe analyzed the current technical status of XRP and its future prospects in detail. While Michael’s analysis was largely based on the simultaneous price level of $ 1.26. They have already been significantly exceeded as XRP is up 9% and is currently trading at $ 1.38. The Toke recorded just a fraction of a 90-day high just a few minutes ago. The token had previously traded at the similar price level in the third week of May.
Despite this recent price hike, Michael’s analysis is still pretty relevant. As in the video, it projects XRP further upwards. Citing a critical support flip at $ 1.06 while also viewing $ 1 as a good level of support, Michaël forecast XRP of $ 1.85, just below its 52-week high. Michael said:
“Some consolidations, sideways moves and most likely we will have a new breakout to the upside for XRP.”
XRP / BTC pair heading for a huge price collapse
In addition, it has shed enough light on the XRP / BTC pair as well. According to Michaël, the XRP is only a single resistance away from a huge move higher. As he said, the token could rise 140% from its current price of $ 1.25, or 0.000025 BTC.
He suggested entering the market at $ 1.10 and waiting for a “next impulse move toward $ 0.000038 BTC worth $ 1.90”. Before the token is ready for increased volatility (higher lows and higher highs).
At this point, we know we are making higher lows, but you actually want to break that high (0.000038 BTC) and create a new higher high through targeting a level of 0.0006 BTC ($ 3.00) is quite likely. ”