Crypto Analyst Anticipates Bullish Continuations for XRP, Chainlink (LINK), and Polygon (MATIC)
In an exciting development, a highly regarded crypto trader has made optimistic predictions for several altcoins, including XRP, Chainlink (LINK), and Polygon (MATIC). Michaël van de Poppe, an expert analyst, recently shared his insights with his extensive following of 660,300 on Twitter.
Van de Poppe suggests that XRP, the renowned cross-border payments solution, may experience a temporary decline, reaching around $0.65 before regaining its bullish momentum. The anticipated rally following this dip could potentially propel XRP to as high as $0.90. The analyst further adds, “This could lead to a significant upward movement. Personally, I find the price range of $0.65-0.69 intriguing for quick trades. If that level is breached, it may signal a new bullish phase.”
As of now, XRP holds a value of $0.72, indicating the current market situation.
Next on Van de Poppe’s radar is Chainlink, the decentralized oracle network. The analyst predicts a substantial surge in LINK’s value after the altcoin successfully reestablishes support at $6. He states, “The performance of Chainlink has been promising thus far. It is crucial for the price to maintain levels above $6.”
Upon analyzing the trader’s chart, it becomes evident that Van de Poppe envisions LINK reaching a remarkable high of $16. Presently, LINK is being traded at $6.92.
Lastly, the blockchain-scaling solution Polygon (MATIC) catches the attention of the experienced analyst. Van de Poppe indicates that MATIC could potentially experience a temporary decline, possibly dipping as low as $0.75, before embarking on its next significant upward movement. He points out, “There are two key levels to consider for MATIC. For those seeking a more aggressive approach, the range of $0.79-$0.80 appears intriguing. Alternatively, a more conservative approach would be to observe the price around $0.75. It seems that this upward momentum is far from over.”
By providing these insights, Van de Poppe aims to assist crypto enthusiasts in making informed investment decisions.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.