Crypto trader Michaël van de Poppe has shared his positive outlook on XRP, SUI, and Chainlink $24, which rank among the top 10 altcoins by market capitalization. He believes that these cryptocurrencies could see significant price increases in the near future.
Potential Surge for XRP
Van de Poppe stated that XRP, the third-largest cryptocurrency, could rise by 213% from its current level. He emphasized that the optimal entry point for long positions would be below $2.80.
“Is $10 possible? Yes.”
SUI’s Opportunity for Value Gain
He added that if SUI maintains its current support level, it could appreciate by approximately 36% from its present value. He noted a simple structure: if SUI stays above $4, it could reach $6, but losing that level would jeopardize the overall setup.
“There’s a very straightforward structure here. If it stays above $4, we’ll see $6. If it loses this level, the entire structure will break down.”
Expectations for Chainlink
Regarding Chainlink, he remarked that while the blockchain appears strong, it could fall by 19% if Bitcoin $101,463 negatively impacts the market. However, he anticipates that after this decline, Chainlink could rally towards the $30-35 range.
“If Bitcoin experiences this correction, there might be a further drop to $21-22. After that, I expect upward movement in the $30-35 range.”
Van de Poppe’s assessments can vary depending on the dynamics of the crypto market. It is crucial for traders to conduct their own risk evaluations and carefully monitor market movements. While altcoins like XRP, SUI, and Chainlink present potential growth opportunities, the volatile nature of the crypto market must be considered.