Crypto analyst Michaël van de Poppe sees XRP pulling a stellar performance among other altcoins in the coming bull season.
Renowned crypto trader and Bitcoin analyst Michaël van de Poppe recently took to X (fka Twitter) to share crucial insights about XRP.
In the tweet, Poppe confirmed that he was waiting for an entry point on XRP to potentially add more of the asset to his bag. The crypto analyst also noted that based on historical trends, he sees XRP pulling a stellar performance among other altcoins in the coming bull season.
Waiting for the entry point on $XRP.
I think it will do well and should be in your bags coming period. pic.twitter.com/3uqNa6TaMx
— Michaël van de Poppe (@CryptoMichNL) August 11, 2023
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XRP Should Be in Your Bag
Poppe concluded his tweet advising the crypto community that XRP should be a must-have in their digital asset portfolio.
Meanwhile, the XRP market chart accompanying the tweet shed more light on the trader’s targeted entry point for XRP. The chart detailed how XRP exhibited a historical trend, returning to a crucial peak point 470 days after.
Poppe highlighted that the development surrounding the regulatory case had created heavy impulse on the XRP market.
However, he noted that due to the lack of interest in the broader crypto market, the XRP bull trend slipped into a correction. And according to him, the correction is relatively more significant compared to those of typical bull cycles.
Interestingly, the prominent trader argued that such a pattern is what investors should look out for to scan for opportunities.
“That’s the momentum you’ll investigate higher time frames and scan for those obvious opportunities,” the trader noted in the chart.
Furthermore, he expressed that such periods of falling interest represent an obvious opportunity for investors. Moreover, Poppe marked out a green area in the chart representing a retest on the weekly timeframe.
While the highlighted portion shows XRP within $0.566 and $0.633, he noted that the area is the most positive to take entries for the coming cycle.
As The Crypto Basic reported, Poppe previously advised crypto investors to build their XRP portfolio via Dollar-Cost Averaging techniques.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Source: https://thecryptobasic.com/2023/08/12/top-trader-says-xrp-is-a-must-have-in-crypto-portfolio-shares-crucial-entry-points/?utm_source=rss&utm_medium=rss&utm_campaign=top-trader-says-xrp-is-a-must-have-in-crypto-portfolio-shares-crucial-entry-points