Bitcoin’s astonishing 10% rise, which took the largest cryptocurrency above $22,000, stunned crypto investors.
The cryptocurrency market continued to rally for the second day in a row as top coin values have seen a significant increase recently.
The market cap of all cryptocurrencies surged over 6% to $972 billion on the previous day, with bitcoin finally trading above $22,000 after several days.
It focuses on four of the top 100 altcoins by market cap analysis By well-known cryptocurrency analyst Michael van de Pope.
Van de Poppe notes that before XRP can move higher, it needs to convert its current resistance level of $0.33 into support.
He claims that although XRP Started to look better, still need to flip $0.33 to continue. He then estimated that $0.43 could be the next destination. At the time of writing, XRP is currently trading at $0.34 and is up over 2% in the past 24 hours.
Also Van de Poppe says that the price of diplomat could rise by more than 20% from its current level. The trader expects a move towards $0.65 from this point, and that looks quite good. At the time of writing, Polygon is trading at $0.52.
cardano (ADA), according to the cryptocurrency dealer, could rise until it reaches $0.48. They claim $0.48 ADA Party Time Triggered. Until then, still supported
Crypto trader concludes his analysis phantomNative token of Scalable Blockchain with Smart Contracts (FTM).
According to van de Poppe, the FTM is likely to rise by over 60% from its current levels as it continues on its rising trend. It can watch the $0.44-0.53 level.