XRP, ADA & LINK Price Might See Short-Term Rally Soon! Here Are The Levels To Watch
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.
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.
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.
Request 03 – $ADAFinally hit the crucial level where everything started in 2021.Decent entry for longs here for investments. Very decent. — Michaël van de Poppe (@CryptoMichNL) October 15, 2022
Currently, Cardano is trading at $0.37 after an upswing of 1.77% in the span of the last 24hrs.
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.
Request 02 – $LINKThis one shows strength with constant higher lows (the past one was slightly lower due to CPI).Breaking $7.40 opens the party, then we'd be looking at continuation towards $11 on this one. — Michaël van de Poppe (@CryptoMichNL) October 15, 2022
At the time of publication, Chainlink is changing hands at $7.23 with a surge of 2.65% in the last 24hrs.Source