Expert Crypto Analyst Forecasts Extended Bull Runs for XRP, Chainlink (LINK), and Polygon (MATIC)

The post Expert Crypto Analyst Forecasts Extended Bull Runs for XRP, Chainlink (LINK), and Polygon (MATIC) appeared first on Coinpedia Fintech News

Crypto analyst Michaël van de Poppe in his recent tweet predicted extended rallies for XRP, Chainlink (LINK), and Polygon (MATIC), three popular altcoins in the cryptocurrency market. 

While many will think of taking advantage of the potential dips, such as the one predicted for XRP at $0.65 or for Polygon (MATIC) at $0.75. Let’s see the analyst’s bullish reason behind the rallies. 

XRP: Will XRP Price make it to the $1 mark? 

According to analyst Michaël van de Poppe, XRP may witness a deeper pullback around $0.65 before resuming its bullish momentum. If the price drops to that level, it could present a buying opportunity for traders looking for short-term gains. As per his analysis, a rally following the dip could drive XRP’s price as high as $0.90. 

“Mega move, for scalps I’d be interested in the ranges of $0.65-0.69 on this one.”

In the meanwhile, it’s important to note that XRP has faced significant regulatory challenges, and its price movement may be influenced by legal developments surrounding Ripple’s ongoing case with the SEC. As expected by many XRP has the potential to touch $1 anytime soon. 

Chainlink (LINK) – “Needs to hold above $6.”

Van de Poppe predicts a positive outlook for Chainlink. His insights reveal that post recovering support at $6, the altcoin has the potential for a significant price pump. Whereas, the analyst’s chart indicates that LINK could rally as high as $16. This suggests a potentially lucrative opportunity for investors. However, market conditions and broader market sentiment can heavily impact the price of any cryptocurrency, so caution and careful analysis are always advisable. 

Polygon (MATIC) – On its Next Leg Up!

Last but the least, he identifies potential support levels for MATIC. He suggests that the coin may experience a dip as low as $0.75 before starting its next leg up. 

Notably, the analyst points out two grey areas of interest: an aggressive approach around $0.79-$0.80 and a conservative approach targeting $0.75. It’s worth noting that MATIC has shown strong growth and adoption in recent times due to its focus on scalability solutions for the Ethereum network.  

“Aggressive approach, I’d be interested at $0.79-0.80.”

However, investors should consider the broader market dynamics and conduct their own research before making investment decisions.