XRP rebounds with a 27% recovery from a recent low of $1.91, now trading at $2.43.
Analyst Michaël van de Poppe emphasizes key support levels and the volatility-driven opportunities for traders.
Analyst Ali Martinez sets ambitious targets, predicting a near-term $4.40 price and long-term potential up to $48.
XRP has been at the center of traders’ attention, offering a mix of volatility and strategic opportunities. Renowned crypto analyst Michaël van de Poppe recently weighed in on XRP’s price action, emphasizing the importance of higher timeframe support levels.
He first recalled a previous tweet in which he highlighted that XRP’s recent vertical price movements necessitate careful observation of key support zones. Specifically, he identified the $1.80 region as a critical level for XRP to revisit after it rose to $2.87 in the first week of December.
Indeed, during the latest crypto market crash, XRP’s price dropped close to this level. However, van de Poppe acknowledged that XRP has rebounded significantly from this point. XRP is trading at $2.43, a comeback of around 27% from Tuesday’s low of $1.91.
“Massive volatility, massive opportunities,” v…
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