A popular crypto analyst is diving into the exploding markets following the favorable ruling for XRP in the U.S. Securities and Exchange Commission (SEC) lawsuit.
Crypto trader Michaël van de Poppe tells his 660,200 Twitter followers that after yesterday’s favorable ruling for XRP traders, which spurred a market-wide rally, Bitcoin (BTC) may dip before continuing upwards.
“Everything remains fine if Bitcoin sustains above $30,800.
If not, then this was a pretty ugly move and we’ll probably have some liquidity on the downside for Bitcoin to grab.
The plus side, we’ll be having a case where altcoins can keep on finding momentum.”
Source: Michaël van de Poppe/Twitter
BTC is worth $31,298 at time of writing, up 2.2% in the last 24 hours.
Diving into XRP, which ripped over 60% after Judge Torres’ decision, Van de Poppe predicts a slight dip before XRP resumes its rally.
“Mega move, for scalps I’d be interested in the ranges of $0.65-0.69 on this one.
If that sweeps hap
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