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XRP Ruling Spurs Market Rally, BTC Could Dip But Altcoins Soar

• Crypto analyst Michaël van de Poppe is analyzing the current market following a favorable ruling for XRP in the SEC lawsuit.
• Bitcoin (BTC) could dip before continuing upwards, while XRP may experience a slight dip before resuming its rally. Other altcoins such as Litecoin (LTC), Fantom (FTM), and Chainlink (LINK) are all showing momentum as well.
• Van de Poppe believes LINK is still an opportunity of a lifetime at prices above $5.

Explosion Following XRP Ruling

Crypto trader Michaël van de Poppe has been studying the market following yesterday’s favorable ruling for XRP traders, which spurred a market-wide rally. He believes that Bitcoin (BTC) may dip before continuing upwards, while other altcoins such as Litecoin (LTC), Fantom (FTM), and Chainlink (LINK) are all showing momentum as well.

Bitcoin Movements

Van de Poppe says that everything remains fine if Bitcoin sustains above $30,800. If not, then there will probably be some liquidity on the downside for Bitcoin to grab, with altcoins finding momentum regardless. BTC is currently worth $31,298 at time of writing, up 2.2% in the last 24 hours.

XRP Forecast

The analyst predicts a slight dip for XRP before it resumes its rally after its 60% surge due to the ruling. He suggests looking out for ranges of $0.65-0.69 on this one so scalpers can take advantage of any dips in price and possibly target higher numbers afterwards. XRP is trading for $0.78 at time of writing, up 64% in the last 24 hours.

Other Altcoins

Van de Poppe also notes that Litecoin hardly responded to the news but he expects it to resume its general uptrend soon if support holds around $98 or higher levels could be targeted thereafter.. Meanwhile, he sees Fantom making a run towards $0.40 from its current price of $0