• Crypto strategist Michaël van de Poppe believes that Dogecoin (DOGE) is on the edge of following XRP’s big breakout rally.
• Van de Poppe points to the similar market structures between DOGE and XRP prior to the latter’s explosive rally, believing that it could result in a 157% increase for Dogecoin.
• In addition, Van de Poppe sees bullish potential in the crypto total market cap, predicting a 40-80% increase with momentum lasting 2-3 months.

Dogecoin Could Follow XRP’s Big Breakout Rally

Crypto analyst Michaël van de Poppe believes that top memecoin Dogecoin (DOGE) is setting up to follow the explosive XRP rally from last week. A few days ago, cross-border payments solution XRP went on a massive tear, rallying by over 73% in less than 24 hours after Judge Analisa Torres ruled Ripple’s automated open market sales of XRP are not securities.

Similar Market Structures Between DOGE & XRP

In a new strategy session, Van de Poppe tells his 162,000 YouTube subscribers that Dogecoin’s current market structure looks similar to the price action of XRP prior to last week’s eruption. According to him, if Dogecoin follows in the footsteps of XRP, it could rally by as much as 157% from current prices. At time of writing, DOGE is trading for $0.07 per coin.

Bullish Potential In The Crypto Total Market Cap

Van de Poppe is also keeping an eye on crypto assets‘ total market cap (TOTAL). He says that TOTAL appears to be on the cusp of a massive breakout as it flashes a golden cross on its weekly timeframe chart — typically seen as a long-term bullish signal. If so, he predicts that TOTAL will run towards $2 trillion before seeing swift correction with momentum lasting 2-3 months. At time of writing, TOTAL stands at $1.172 trillion dollars.

XRP Ruling Could Impact Altcoins

The ruling regarding Ripple’s open market sales could have major implications for altcoins due to SEC Chairman Gary Gensler’s comments earlier this year which put many digital tokens under scrutiny and raised questions about whether they were classified as securities or not . If more altcoins such as Dogecoin receive favorable rulings like XPR did this week it could pave way for further growth within the sector .


Van de Poppe expects that if Dogecoin follows suit with what happened with XPR’s recent breakout , then traders may see impressive gains within DOGE later down the line . He also believes there is bullish potential in TOTAL and estimates further growth before seeing any corrections . These developments show just how quickly sentiment can change within crypto markets , and how one event can have wide reaching effects throughout many sectors .