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 <p class="paragraph">As the year 2023 nears its end, two assets in the cryptocurrency sector have recently been racing against each other to reach the coveted (at least for them) price level at $1 – XRP (XRP) and Cardano (ADA) – and crypto traders and investors are beginning to wonder which one will get there first.</p>
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 <p class="paragraph">Indeed, both the XRP token and Cardano have strong foundations for further price appreciation, with their technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) and developments that involve them suggesting they, indeed, could surpass the $1 price mark in the near or distant future – so which one will win the race?</p>
 <h2 class="wp-block-heading" id="h-xrp-vs-cardano">XRP vs. Cardano</h2>
 <p class="paragraph">As it happens, XRP and Cardano were “neck and neck in that race to $1,” as observed by the pseudonymous crypto market expert <em>CoinsKid</em> in an X post he shared on December 28, when XRP was recording a price of $0.6374, while Cardano stood at $0.663141, suggesting that the latter could be in the lead.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/lMesObtc8KEMJEUekabLHyXtcUtlonD9-aPqnrpzKrqYJhzKvVtcac3AtWLvqa5T31L4MtFBzSGjGUbtUOMsdncfQvSIPdQJBqgJYiQYVs6fpOKtDbMo8tLHfeHUAK8canAV2Jtazyu3PXacJu9Njb0" alt>
  <figcaption class="wp-element-caption"><em>XRP vs. Cardano price. Source: </em><em>CoinsKid</em>
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 </figure>
 <p class="paragraph">On the other hand, the technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> indicators are slightly more on the side of XRP, considering that the summary of the one-day sentiment gauges over at the finance and crypto analytics platform <em>TradingView</em> suggests a ‘strong buy’ for XRP with no ‘sell’ calls while pointing at a ‘buy’ for Cardano with two ‘sell’ calls.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/LG8dpBjL79xa0NAXw-P-akCPmxwjWsZidZBC0lAAU8ctC1dHmuZYkopLX6rinhuYEu7t7ppFrV0oUEwCr7bUukNfQv_5p73xOh-baE5CreLOgp_X5CZzX_HDflkBEiP5ta4z4_lESEm9BXb0WZHms0Q" alt>
  <figcaption class="wp-element-caption"><em>XRP vs. Cardano 1-day sentiment gauges. Source: TradingView</em>
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 <h2 class="wp-block-heading" id="h-xrp-price-analysis">XRP price analysis</h2>
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 <p class="paragraph">Meanwhile, XRP was at press time trading at the price of $0.6435, recording an increase of 3.04% in the last 24 hours, adding up to the 4.64% gain across the previous week and the advance of 7.47% over the past month, according to the most recent charts on December 28.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/RuAOVB0xxWSIspzNPjxUQQ_W6Ckwy-1R2uE3P5qk-cVZRap40MV2_jW3BuzCI8a24pgjV0s1sha7HKS7gS1XevV6CXkxyG6CtLvsT_G9OegWVENqj-43zDqv1FHbJQAjRpLvlhnEcRNEqU4MrZSPjjY" alt>
  <figcaption class="wp-element-caption"><em>XRP 7-day price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">Indeed, the positive resolution of the long-running legal battle between the blockchain company Ripple and the United States Securities and Exchange Commission (SEC) could further push the price of XRP upwards, possibly even to surpass the $1 price level in 2024, as reported on December 25.</p>
 <p class="paragraph">Additionally, another analyst with massive following, <em>Crypto Tony,</em> has recently advised his followers to “play the breakout on this triangle only” and not to worry “about the in between as will be choppy,” as per his chart <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> he shared in an X post on December 27.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/r4l2bgao6MkLqNIG9u8kX8oK1EX7uijpQJdmecFIiQtx-dcTr-0R6MifciL60LKP46fRNxIWq2WGnWCh8KiD0TQuP1RPhjrtW5YY2ha4ioWfJcLupP2dlPXv7-Pag_G38t338ShRjPZQWFOfUt4tbz4" alt>
  <figcaption class="wp-element-caption"><em>XRP price action analysis. Source: </em><em>Crypto Tony</em>
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 <p class="paragraph">Furthermore, if all the factors fall into place, XRP could even race toward the range between $1.30 and $1.50, as per the chart pattern <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by another pseudonymous crypto market analyst, <em>EGRAG CRYPTO, </em>shared earlier in December and reported by Finbold.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/jreZjAboQ_kHi15izaR6mDt8A27NMwJl6H9Hsc0PObvLU3GOPjoXSfYza6Rc8AERJYqOU4J-Z6o3ilgrQ0udGydxsUPDHBUYf6n1wN_CNu3AHHnC5LFZwVUToCCTirndLMdMR-ze7qac0xoxxH5n8RE" alt>
  <figcaption class="wp-element-caption"><em>Possible outcomes for XRP price movement. Source: </em><em>EGRAG CRYPTO</em>
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 </figure>
 <h2 class="wp-block-heading" id="h-cardano-price-analysis">Cardano price analysis</h2>
 <p class="paragraph">At the same time, XRP’s competitor, Cardano, is currently changing hands at $0.6489 – a price very close to that of XRP – which represents an increase of 7.14% on the day, a positive price change of 7.97% across the past week, and a 75.05% advance on its monthly chart.</p>
 <figure class="wp-block-image aligncenter is-resized"><img decoding="async" loading="lazy" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/ozDMdZ89SkqgGdui899gocszsl5nOnIwPQDWKb7m02TUho4IahcM7BcxI6PCxplFn6upsHHqVnY9ZadW6XzTJy0hZgVofa1ujY2ZkgCiXbR9KQeHWSiHuNgjnTLMZcJZtt0MtLoWGoMOHHqc0oo-7Ow" alt width="819" height="672">
  <figcaption class="wp-element-caption"><em>Cardano 7-day price chart. Source: </em><em>Finbold</em>
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 </figure>
 <p class="paragraph">Moreover, according to a recent post by the renowned crypto analyst Ali Martinez, Cardano is “shaping up a symmetrical triangle,” and he suggests watching for a “sustained candlestick close above $0.63” that he believes would trigger a breakout and “set the stage for ADA to rally toward $0.78.”</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/HPa1_7Qa2aH9PNcscrvu2mZkyGceDcZ4afiOs6ZfeDfOnLsYNNailXixMOEgvq9vbktajy-xlVbhO5bULz0iscFGkBkV0aQmYaLH9Yl9QjEuszXuizxXXMAIedasoD4I1n7Qng3cWKApCBoOA-I1bsk" alt>
  <figcaption class="wp-element-caption"><em>Cardano price action analysis. Source: </em><em>Ali Martinez</em>
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 </figure>
 <p class="paragraph">On top of that, Cardano has reclaimed the top spot among all crypto teams through notable development activities on the <em>GitHub </em>platform in the last 30 days, suggesting increased efforts in expanding the related ecosystem, besides adding almost 10,000 smart contracts so far in 2023.</p>
 <h2 class="wp-block-heading" id="h-conclusion">Conclusion</h2>
 <p class="paragraph">All things considered, XRP seems to be in a (very) slightly better position for reaching the $1 price threshold slightly sooner than Cardano, although a great number of things could tip the scales in ADA’s favor, and time will tell which one will emerge as the definite winner.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.&nbsp;</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/xrp-and-cardano-in-neck-and-neck-race-to-1-who-will-win-tbt74982.html">https://thebittimes.com/xrp-and-cardano-in-neck-and-neck-race-to-1-who-will-win-tbt74982.html</a></p>

XRP and Cardano in ‘neck and neck’ race to $1; Who will win?

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