Crypto Analyst Predicts Extended Rallies for XRP, Chainlink (LINK) and Polygon (MATIC) – Here’s His Outlook

A widely followed crypto trader is forecasting bullish continuations for a handful of altcoins including XRP, Chainlink (LINK) and Polygon (MATIC).

Analyst Michaël van de Poppe tells his 660,300 Twitter followers that the cross-border payments solution XRP will likely witness a deeper pullback at around $0.65 before it regains its bullish momentum.

According to Van de Poppe, the rally following the dip could send XRP to as high as $0.90.

“Mega move. For scalps, I’d be interested in the ranges of $0.65-0.69 on this one. If that sweep happens, probably we’ll have a new leg up after.” 

At time of writing, XRP is worth $0.72.

Next up is the decentralized oracle network Chainlink. Van de Poppe is predicting a massive rise in LINK’s value after the altcoin recovered support at $6.

“So far, so good for Chainlink.

Needs to hold above $6.” 

Looking at the trader’s chart, he appears to predict that LINK could rally to as high as $16. At time of writing, LINK is trading for $6.92.

The last altcoin on the analyst’s radar is the blockchain-scaling solution Polygon. According to Van de Poppe, MATIC could dip as low as $0.75 before starting its next leg up.

Related articles

21Shares files S-1 application for an XRP ETF

1 November 2024

Ripple CEO optimistic about crypto post-election, regardless of outcome

24 October 2024

ADVERTISEMENT

“Two areas of interest on this one. Aggressive approach, I’d be interested at $0.79-$0.80. Conservative approach, I’d be interested at $0.75. Probably not done with this upwards momentum.” 

At time of writing, MATIC is worth $0.798.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Featured Image: Shutterstock/Natalia Siiatovskaia/Tithi Luadthong