Cardano

bullish

Bitcoin

Coin

The post <a href="https://coinpedia.org/price-analysis/ripple-xrp-leading-over-cardano-to-claim-1-will-ada-price-rebound/" rel="noopener noreferrer nofollow">Ripple (XRP) Leading Over Cardano To Claim $1, Will ADA Price Rebound?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With the price of <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> hovering close to its $60,000 mark, top altcoins have recorded a neutral price action in their respective portfolios over the past two days.&nbsp;
On the other hand, following the Ripple vs SEC hearing, the XRP price recorded a surge of over 20%, resulting in it reclaiming the $0.60 mark. However, the ADA price continues stumbling below the $0.40 level.
Dive in as, in this article, we have covered the market sentiments, price analysis, and short-term price targets of Ripple (XRP) and Cardano (ADA) tokens.
<h2 class="wp-block-heading" id="h-xrp-price-fails-to-surpass-its-resistance-trendline">XRP Price Fails To Surpass Its Resistance Trendline:</h2>
Despite recording a correction of approximately 3% within the past day, the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Ripple price</a> has added 3.38% within the past week and 31.66% over the past 30 days. Further, with a price tag of $0.5875, the Ripple price has a market capitalization of $32.962 Billion.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeSqelFqUkCkUEdt_jQXpOrNxQf68HczzJ7ou3f6_40Z4E45QInAFNTPw7bFixyd6BY9z0aURfTHCSvP2T_ojnr6y13cdXDyh-e3YaibpWrUbz3FhjgcmIYbG3ezr_FP9i4Z4hi41fkQsr32BDWIaE2Y-V-?key=0bYLVHL43iBFzSCmYpoh8g" alt="Ripple Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: XRP/USDT
 </figcaption>
</figure>
The Ripple token has formed a triangle pattern in the 1D time frame and continues to trade within it. Further, it has failed to surpass its resistance trendline, resulting in a price correction.
The MACD indicator has displayed a constant decline in the red histogram with its averages recording a high possibility of a bullish convergence. Moreover, the Relative Strength Index (RSI) has experienced a bullish recovery above its midpoint, indicating a positive outlook.
If the market regains momentum, the <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP price</a> will retest its resistance level. Maintaining the price at that level will set the stage for the Ripple token to test its upper resistance level of $0.690. Conversely, a bearish action could pull the price toward its low of $0.4880.
<h2 class="wp-block-heading" id="h-ada-coin-price-records-increased-price-action">ADA Coin Price Records Increased Price Action:</h2>
Amid increased price volatility in the crypto space, the <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">ADA price</a> has recorded a jump of over 2% within the past day with a trading volume of $219.867 Million, a change of -34.08%. With a market capitalization of $12.48 Billion, it has secured the 10th position.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfi7hTqtFeY-DlLP-1CZcMBW4gLor8APgrpUFWijfJFL-SagTGw3sxRhIB5pqE0wo1tS79CvgJAEOAKLrQHXKFcFoOduGqwxi6zrLGXvP4GiQGUpkedBtpdR5sES3D8VyWVrfiKKkSyhlENs8SA00U01OsL?key=0bYLVHL43iBFzSCmYpoh8g" alt="Cardano Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: ADA/USDT
 </figcaption>
</figure>
Furthermore, the <a href="https://markets.coinpedia.org/cardano/" target="_blank" rel="noopener noreferrer nofollow">Cardano price</a> has formed a falling wedge pattern in the 1D time. Notably, the altcoin successfully retested its support trendline this week, resulting in a bullish recovery.
The technical indicators, MACD and RSI record a rise in the bullish price action. This highlights that the ADA crypto will trade under a bullish sentiment in the coming time.
If the bulls hold the price at that level, the Cardano token will prepare to test its upper resistance level of $0.50 this month. However, if the beard dominates the crypto space, the ADA price will plunge toward a new yearly low.

Ripple (XRP) Leading Over Cardano To Claim $1, Will ADA Price Rebound?

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