Cardano

bullish

Gary

<p>Crypto Feed News shared on CoinMarketCap that Cardano’s (ADA) price recently surged past $1 after a 50% rally in a week, while<a href="https://captainaltcoin.com/ripple-whales-go-on-buying-spree-as-xrp-price-pumps/" target="_blank"> XRP’s price</a> is trading at $1.46 following its upward momentum. As investors speculate on which token will reach $2 first, a closer analysis of their technical setups and market drivers offers insight into this competitive race.</p> 
<h2 class="wp-block-heading" id="ada-chart-analysis-strong-breakout-and-fibonacci-targets">ADA Chart Analysis: Strong Breakout and Fibonacci Targets</h2> 
<p>Cardano’s price pushed through the important $0.83 level (50% Fibonacci retracement), showing it’s getting stronger. The next price target sits between $1.13 and $1.22, known as the “golden pocket.” This area tends to be where prices take a breather before moving up again.&nbsp;</p> 
<p>However, a move beyond this level could push <a href="https://captainaltcoin.com/cardano-at-1-whale-activity-and-etf-rumors-spark-excitement-will-ada-price-reach-7/" target="_blank">ADA’s price </a>toward the 78.6% Fibonacci level at $1.76, a critical milestone in its journey to $2.</p> 
<p>Historical performance further bolsters ADA’s bullish outlook. During similar market conditions, the token outperformed Bitcoin, recording gains exceeding 400%. Analysts believe this trend could continue, potentially driving ADA toward new highs in the long term.&nbsp;</p> 
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 <img loading="lazy" decoding="async" width="1024" height="570" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-877-1024x570.png" alt="" class="wp-image-587569" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-877-1024x570.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-877-300x167.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-877-767x427.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-877-1536x855.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-877-2048x1140.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-877-269x150.png 269w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-877-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-877-629x350.png 629w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-877-788x438.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-877.png 1340w" sizes="(max-width: 1024px) 100vw, 1024px">
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  <strong><em>Image Source: <a href="https://coinmarketcap.com/community/post/344701138" target="_blank">CMC/CryptoNewsFeed</a></em></strong>
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<p>Additionally, optimism around the resignation of SEC Chair Gary Gensler has alleviated regulatory concerns, particularly benefiting ADA, which has faced scrutiny over its classification as a potential security.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">On January 20, 2025 I will be stepping down as <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@SECGov</a> Chair.<br><br>A thread <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2b07.png" alt="⬇" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>— Gary Gensler (@GaryGensler) <a href="https://twitter.com/GaryGensler/status/1859658192298574096?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 21, 2024</a>
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<h2 class="wp-block-heading" id="xrp-price-steady-momentum-and-key-resistance-levels">XRP Price Steady Momentum and Key Resistance Levels</h2> 
<p>Ripple’s <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank">XRP</a> has shown consistent upward momentum, reaching $1.46 after a sharp rally in recent weeks. Its price action reflects steady market optimism, further fueled by its favorable outcome in the SEC lawsuit earlier this year. The immediate resistance level for XRP’s price is $1.60, the recent high that the token has yet to break sustainably.</p> 
<p>Technically, XRP’s price is trading well above key moving averages, including the 50SMA at $0.6798 and the 200EMA at $0.6514, signaling strong bullish momentum. The MACD also confirms this strength, although flattening histogram bars suggest a potential period of consolidation. Support levels around $1.30 and $1.10–$1.20 provide a safety net in case of short-term pullbacks.</p> 
<figure class="wp-block-image aligncenter size-large">
 <img loading="lazy" decoding="async" width="1024" height="570" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-876-1024x570.png" alt="" class="wp-image-587560" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-876-1024x570.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-876-300x167.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-876-767x427.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-876-1536x855.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-876-2048x1140.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-876-269x150.png 269w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-876-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-876-629x350.png 629w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-876-788x438.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-876.png 1340w" sizes="(max-width: 1024px) 100vw, 1024px">
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  <strong><em>Image Source: CMC/CryptoNewsFeed</em></strong>
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<h2 class="wp-block-heading" id="comparative-outlook-ada-vs-xrp">Comparative Outlook: ADA vs. XRP</h2> 
<p>While these tokens are strong contenders in the race to $2, their paths differ. ADA’s rapid gains and Fibonacci targets indicate the potential for quicker price movements, supported by historical trends and reduced regulatory scrutiny. XRP, however, offers steadier growth, with its momentum driven by a combination of technical and fundamental factors.</p> 
<p>Based on current analysis, Cardano’s ADA appears to have a slight edge due to its explosive breakout and bullish Fibonacci levels. While Ripple’s XRP remains a solid performer with robust support, ADA’s price trajectory suggests it could hit $2 first, provided it clears the $1.13–$1.22 resistance zone in the short term. Both tokens, however, continue to attract significant investor attention, making this race one to watch closely.</p> 
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<p>The post <a href="https://captainaltcoin.com/cardano-ada-or-ripple-xrp-who-will-get-to-2-first-analyst-has-a-winner/">Cardano (ADA) or Ripple (XRP) – Who Will Get to $2 First? Analyst Has a Winner</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Cardano (ADA) or Ripple (XRP) – Who Will Get to $2 First? Analyst Has a Winner

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