XRP Could See A Rally Of 420%, Crypto Analyst Says

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There are all kinds of optimistic predictions about the prices of some digital assets these days and the latest one is involving XRP. Check out the latest reports below.

Crypto analyst and trader analyzes the price of XRP. Michaël van de Poppe is analyzing what XRP has in store price-wise going into next year.

XRP is trading at $0.83 at the time of writing and the coin is up 3.77% in the past 24 hours.

The coin is down nearly 40% from its 30-day high of $1.35.

Van de Poppe said that he’s watching the price area roughly between $0.81 and $0.97.

If the open-source digital currency can hold those levels, it puts XRP in a position to ignite a strong 140% rally.

“If these are going to hold, we’re most likely going to have a scenario like this (rally to $2.00) in which we start to break out, and these are the triggers here ($0.90, $1.00 and $1.20)… Then, we get a vertical move.”

As the online publication the Daily Hodl notes, Van de Poppe uses a Fibonacci extension tool to indicate that XRP’s next target points are $2.87 and $4.33.

If XRP follows Van de Poppe’s script, XRP can potentially rise over 420% from current prices.

XRP to rally to new ATH

There have been more optimistic predictions about the price of XRP these days.

Not too long ago, we were revealing that there’s a popular crypto strategist and trader who highlights an important resistance area for XRP that has to be taken out in order for the digital asset to be able to reach a new ATH.

An important analyst who goes by the name Credible said that XRP is currently taking it one level at a time and should see clear skies to new ATHs once it breaches a high timeframe (HTF) resistance.

“Once we manage to clear $1.70 on HTF, we are going to absolutely take off targeting new ATH… You can see here why this region, in general, is so significant.”

Stay tuned for more news and crypto predictions.

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