Cardano

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Popular on-chain data aggregator <a href="https://u.today/solana-sol-price-shows-impressive-rise-as-it-is-on-35-heater-santiment">Santiment</a> has posted a tweet, showing that XRP and ADA have high chances to rebound soon after a recent sell-off that hit the whole cryptocurrency market.
According to the data shared by Santiment, many cryptocurrencies are being sold at a loss now after the high profit taking that hit the market last week. XRP and ADA are among them. However, since these two cryptos arebeing sold-off more than others at low prices, the chances of rebounding for XRP and ADA are growing to become high.
<blockquote class="twitter-tweet">
 📊 Top cap <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> assets are being traded at a loss after the high profit taking last week, lending to the price drop we've seen. <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> and <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> are seeing a particularly high amount of sells at lower prices, making the chances of bounces increase. <a href="https://t.co/Ntt3HoC52S">https://t.co/Ntt3HoC52S</a> <a href="https://t.co/z5BatBNlKe">pic.twitter.com/z5BatBNlKe</a>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1677404030614781952?ref_src=twsrc%5Etfw">July 7, 2023</a>
</blockquote>
<h2 id="ada-market-performance">ADA market performance</h2>
A week ago, on Friday, ADA printed a massive red candle on the hourly chart, falling 6.83%. After rebounding a little within the next several days, it has dropped 3.27% since June 5. In total, the price fall since last Friday constitutes 4.43%.
At the time of writing this article, Cardano’s native coin is changing hands at $0.285 on the Binance exchange.
<img alt="ADA00chartTRviewCardanoADA_00qwefrgwfrhjds3" data-entity-type="file" data-entity-uuid="47bcc399-2c8e-4811-a1c9-e7622a34d6f6" src="https://u.today/sites/default/files/inline-images/ADAchart.png">Image via <a href="https://www.tradingview.com/chart/3lWxXcMJ/?symbol=BINANCE%3AADAUSD">TradingView</a>
<a href="https://u.today/3-reasons-why-bitcoin-btc-is-dropping-below-30000">card</a>
<h2 id="xrp-price-decline">XRP price decline</h2>
The Ripple-affiliated digital currency XRP has fallen harder than Cardano since last week. The fall began after a 4.72% rise on Sunday, July 2. However, after that by Wednesday, XRP first shed 3.62% and then the decline continued, the coin lost nearly 2% by now. The total price decrease since July 2 has been 5.49% as the coin is trading at $0.4667 at the moment on Binance.
<img alt="XRP_reboundingRippleselloffXRP00qrgteregr" data-entity-type="file" data-entity-uuid="f4f39b46-6caa-4f75-823c-5f708f2d7abe" src="https://u.today/sites/default/files/inline-images/XRPchart_3.png">Image via <a href="https://www.tradingview.com/chart/3lWxXcMJ/?symbol=BINANCE%3AXRPUSDT">TradingView</a>
At the moment, both ADA and XRP are showing signs of recovery.

XRP, ADA Prices Have High Chances of Rebounding, Santiment Says, Here’s Why

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