Popular cryptocurrency analyst Michael van de Poppe shared his predictions on Ripple (XRP) and Bitcoin (BTC).
XRP, which spent the day with buying pressure, quickly overcame the resistance levels and started its bull run. Bitcoin, on the other hand, maintains its price level below $20,000 after the Fed rate decision.
Ripple and Bitcoin Comment from Michael van de Poppe
Michael van de Poppe shared his prediction by commenting on the rally of Ripple (XRP) and the rise of Bitcoin (BTC) on his Twitter account.
In his post, the analyst stated that XRP has experienced an intense breakout. He based this on what would happen if BTC consolidated and rose above $20,000 again, and shared an opinion on altcoins.
Well, $XRP has been breaking out heavily.
The thing is, if #Bitcoin consolidates and goes back to $20k+, it's probably time for more of those altcoins to have big breakouts.
Position yourself well and don't count fully on the $12-14K thesis.
— Michaël van de Poppe (@CryptoMichNL) September 23, 2022
Poppe stated that there will be major breaks in more altcoins as BTC consolidates and exceeds $20,000. He also advised his followers to take a good position and not to completely trust the 12-14 thousand dollars thesis for Bitcoin.
As of the time of writing, Ripple (XRP) is trading at $ 0.48 according to CoinGecko data. Bitcoin (BTC) price stands out as $ 18 thousand 983.
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