Crypto analyst Michal van de Poppe updates his outlook on XRP and one of the top 50 Altcoins, here are his price targets

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Widely followed crypto analyst Michal van de Poppe updates his outlook on XRP (XRP) and VeChain (VET).

The popular analyst tells his 643,300 Twitter followers that payment solution XRP could drop more than 22% if it fails to quickly recover a key level.

This one looks a bit strange, as we saw a severe rejection at $0.370. I’d rather see XRP recover the $0.343 level relatively quickly, otherwise a ton of liquidity is down (comparable to Bitcoin). Massive support of $0.265.

Source: Michal van de Poppe/Twitter

At the time of writing, XRP is changing hands at $0.341.

Then he says VET is on a downward trajectory. But he says there is a slight possibility of a bullish reversal if the enterprise solution blockchain can break above a key price area.

This one is clearly down. And keep doing it. Potentially: bullish divergence implying a reversal. The bullish divergence is only valid if $0.016 is cleared. Otherwise, the trend remains downward.

Source: Michal van de Poppe/Twitter

At the time of writing, VET is valued at $0.015.

He also analyzes the support and resistance levels for Bitcoin (BTC) in a new strategy session video. He tells his 164,000 Youtube subscribers that a rally to $17,700 is possible, while a new support level as low as $15,800 is likely on the downside.

By the time we break higher, the resistance at $17,400 is going to be pretty clear. The same goes for $17,700. If we’re going to have a reversal or at least continue to grind, I think a run to those levels is pretty much what I’m looking at as far as Bitcoin price action goes.

On the other hand, we have support levels. First, we had this zone at $16,600, which generated a bit of a bounce, and $16,400 is the most important. Then, if we look at this whole structure, we also have the case of $15,800 as our next support if we continue lower.

At the time of writing, Bitcoin is valued at $16,558.

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