The cryptocurrency market had a slight recovery over the weekend. Now, renowned crypto analyst Michal van de Poppe is making critical predictions for XRP, 4 altcoin projects.
Legendary altcoin analyst sets next levels for BNB, XRP and Cosmos
Van de Poppe points out that XRP has risen more than 35% from the 2022 low of $0.28. The analyst, who has been keeping an eye on the price movements of XRP, says he has seen a minor pullback. In a recent tweet, Poppe noted:
It shows strength, but it was rejected first. I expect a test around $0.343 which could act as a possible long trigger. Targets can be specified quite simply and range from $0.43 to $0.47.
At the time of writing, XRP is trading at $0.3426. As cryptokoin.com news covers, Ripple co-founder Jed McCaleb sold a large amount of XRP this week. Meanwhile, the XRP price was on the decline.
Analyst takes a look at the next Binance Coin
Next comes BNB, the utility token of the cryptocurrency exchange Binance. The analyst predicts that BNB will turn the previous resistance at $222 to support before it starts to bounce again. Sharing the chart below, the analyst says:
I’d like to see a hold of $222-$225, followed by $255 and $267.
BNB is currently trading at $234.91. It was down slightly today.
The other altcoin on the analyst’s radar is Cosmoa (ATOM)
The investor’s altcoin list ends with Cosmos. Van de Poppe argues that for ATOM to gain additional bullish momentum, it must overcome resistance. Poppe shared the graphic below for it. The analyst interprets the current setup:
This shows strength. I continue to be a supporter of the ecosystem, hoping to make significant gains and experience fundamental improvement. The main short-term targets are $10 and $12, followed by a break above $8.70.
At the time of writing, it has been down over 4% in the last 24 hours. It is currently trading at $7.72. One altcoin project on the analyst’s radar has also been CEL. Celer Network (CELR), a scalable platform designed to securely enable off-chain transactions, offers interesting price action this week. Van de Poppe claims that CELR is waiting for the price action to take its course after the CEL price surged more than 135 percent to its current level from the 2022 low of $0.01. Sharing the chart below, the analyst provides the following idea:
We need to see if he can maintain any level after this maneuver.
CELR is trading at $0.6984 at the time of writing.
47650
