A widely followed crypto strategist outlines what’s ahead for XRP, Chainlink (LINK), and a controversial new altcoin.
Looking first at the cross-border payments solution, analyst Michaël van de Poppe tells his 667,200 followers on social media platform X that he is waiting for XRP to show signs of strength.
“Full review of this after SEC case win. Personally, I buy strength. This means I am looking for a breakout above $0.54. A retest there is a great one for a long time.”
Based on the trader’s chart, he seems to predict that XRP will rise above $0.70 if it clears its immediate resistance at $0.54.
At the time of writing, XRP is trading at $0.513.
Next up is the Chainlink decentralized oracle network. According to Van de Poppe, LINK is likely gearing up for a bullish continuation after recovering from its September low of $5.76.
“This one is showing upward momentum and I think the bottom has been reached.
Retests are ready to be purchased. If we get a retest of $6.15-6.40, that is an entry towards $8.”
Looking at the trader’s chart, he seems to predict that LINK could rise to $8.59.
At the time of writing, Chainlink is worth $6.86.
The last altcoin on the trader’s radar is Worldcoin (WLD), a controversial crypto project that uses iris scanning technology. Van de Poppe thinks that WLD is still in a downtrend, but also that it offers opportunities for short-lived rallies.
“I would be looking for a lower test to get myself started on a trade. Big move up and a substantial correction since then. Aggro approach: $1.35 area. Less aggro: $1.11.”
At the time of writing, WLD is trading at $1.38.
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Generated image: Midjourney