Bitcoin, Ethereum, And XRP Predictions Following Price Corrections

The past week marked a significant correction for Bitcoin and the whole crypto market went down.

The online publication the Daily Hold notes that trader and analyst Michaël van de Poppe addressed some of the scenarios for Bitcoin (BTC), Ethereum (ETH), and XRP after the big crypto market correction.

He posted on Twitter that he expects BTC to stay above a crucial line of support at $10,000.

At the moment of writing this article, BTC is trading in the green and the coin is priced at $10,144.86.

Regarding Ethereum, Van de Poppe still believes that the coin has a long-term bullish potential even amid the heavy correction.

Although the trader is still optimistic that ETH will eventually regain its bullish tone, he’s not eliminating the possibility that the coin could go below $300.

“What is the level to hold for Ethereum? Clearly, it is the $245 area. If we get into this zone, that might be the long opportunity of a lifetime, if we get anywhere close to the weekly level around $245.”

If Ethereum hits support at $245, Van de Poppe says the pullback could set up the coin for a major rally to $800.

ETH is trading in the green at the moment as well, and the coin is priced at $345.55.

Also, Poppe is looking forward to buying the dip in XRP.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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