While Bitcoin reclaimed some bullish momentum this morning, some altcoins like XRP are still struggling to rise higher.
Ripple’s XRP had gained some traction over the last few days due to minor victories in the Ripple vs SEC dispute. Currently, XRP is valued at $0.47 after a plunge of 1.82% over the last 24hrs. The immediate resistance for the currency lies at $0.50 while the support area is around $0.45.
However, a well-known analyst, Michael Van De Poppe, has taken on a bullish stance towards XRP, despite the bulls appearing weak at the moment.
Through his new blog post, Poppe asserts that, as of today, XRP is one of the strongest currencies, and will soon garner bullish momentum.
Ripple(XRP)
The analyst claims that during the on-day timeframe XRP was signaling a bullish trend along with other cryptocurrencies. If this turns out to be true, then XRP will sustain above the $0.45 support area and surge toward $0.52 in the next bull run.
Moreover, if XRP manages to surpass the $0.52 level, the next target will be $0.65 and then $1.
Cardano (ADA)
The next altcoin that Van de Poppe talks about is Cardano (ADA), an Ethereum competitor, which has been fluttering around a strong area that can act as a catalyst for a bull run to come.
Currently, Cardano is trading at $0.37 after an upswing of 1.77% in the span of the last 24hrs.
Chainlink (LINK)
The last currency under the analyst’s radar is Chainlink (LINK). He asserts that the altcoin is due for a positive uptrend. If LINK moves above $7.40, then the next target will be $11.
At the time of publication, Chainlink is changing hands at $7.23 with a surge of 2.65% in the last 24hrs.
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Source: https://coinpedia.org/altcoin/xrp-cardano-and-another-altcoin-up-for-bull-run-here-are-the-target/