Michaël van de Poppe, a popular crypto analyst and trader, has recently outlined what might be in store for Ethereum (ETH), Ripple’s XRP, and Fantom (FTM).
In a recent tweet, Van de Poppe told his over 600,000 followers that Ethereum (ETH), the second-largest cryptocurrency by market cap, appears to have decent momentum following a rally back above $1,000.
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Michaël van de Poppe tweeted, “Great retest on Ethereum here. Seems likely to have continuation towards $1,440.”
At the time of filing this report, Ethereum (ETH) is trading at $1,131, with a 7.40% price downtrend in the last 24 hours.
In another tweet, Van de Poppe also outlined the likely trend of XRP. As the analyst illustrated, XRP may pull back to $0.34 from a Friday high above $0.38 before resuming another rally.
“Everyone is always extreme in their words for the movements of a market. At this point, many altcoins are just having a consolidative move after a breakout end of last week. Good retest on XRP here. Would be my area for a potential long.”
On the 24th June, the trader wrote, “Request 02 – $XRP This one is showing strength but rejected at first resistance. Expecting to see a test around $0.343 and that would be a potential long trigger. Targets are quite easily defined and potentially $0.43 and $0.47.”
Read Also: Michaël van de Poppe: XRP Is Gathering Momentum for a Price Breakout
As for the enterprise-grade blockchain platform Fantom (FTM), Michaël van de Poppe said he’s watching to see the digital asset’s price action on the lower time frame to determine whether FTM has bottomed out or not.
“$FTM is interesting with the fact that we’re retesting previous highs here. Not saying that correction is over, but it’s definitely an area that I’d want to see sustain (including LTF’s sweep of the lows and reclaim) in which a reversal should target a new high.”
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