Cardano

2024

Bitcoin

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<p>The post <a href="https://coinpedia.org/price-analysis/ripple-xrp-price-or-cardano-ada-price-which-can-hit-1-first/">Ripple (XRP) Price or Cardano (ADA) Price: Which Can Hit $1 First?&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The altcoins are picking up pace as Bitcoin shoots up with only 65 days left for the fourth halving event. In a space of gaining momentum, the top dogs like Cardano (ADA) and Ripple (XRP) are slowly taking the race more seriously.&nbsp;</p> 
<p>Both altcoins are trading close to the 50-cent mark and offer a breakout entry as they conclude the pullback phase. Further, the ADA and <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP price</a> charts display a volatile history filled with sharp moves and incidences of spikes on either side.&nbsp;</p> 
<p>As the altcoin season is just around the corner, let’s look at the XRP or ADA price, which can hit $1 first in 2024.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-the-death-cross-in-xrp-price-chart">The Death Cross In XRP Price Chart</h2> 
<p>With a bullish reversal in the daily chart, the XRP price fractures the overhead resistance trendline, thanks to a double bottom reversal. As the pullback phase concludes, the XRP price trades at $0.52307, with a 3.60% jump in the last three days.&nbsp;</p> 
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 <img decoding="async" width="1024" height="510" src="https://image.coinpedia.org/wp-content/uploads/2024/02/10160803/image-84-1024x510.png" alt="" class="wp-image-268841" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/10160803/image-84-1024x510.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/10160803/image-84-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/10160803/image-84-768x383.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/10160803/image-84-1536x765.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/10160803/image-84-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/10160803/image-84.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Moreover, the bullish reversal has multiple overhead resistances besides the broken trendline. The breakout rally approaches the dynamic resistance of the 50-day EMA and the zone at $0.54.&nbsp;</p> 
<p>Amidst such sluggish price performance, the XRP community calls for serious actions as the coin price struggles to bounce back.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">XRP Community Calls for Action Amid Token’s Sluggish Performance.<br><br>The XRP community mobilizes as prominent member Mack calls for action from Ripple's leadership amidst concerns over the token's sluggish performance.<a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw">#Ripple</a> <a href="https://t.co/ZRJgePsx9t">https://t.co/ZRJgePsx9t</a></p>— 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1f3-1f1f1.png" alt="🇳🇱" class="wp-smiley" style="height: 1em; max-height: 1em;"> MackAttackXRP® 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1f3-1f1f1.png" alt="🇳🇱" class="wp-smiley" style="height: 1em; max-height: 1em;"> 66K-XRP-Followers (@MackAttackXRP) <a href="https://twitter.com/MackAttackXRP/status/1756248303803470022?ref_src=twsrc%5Etfw">February 10, 2024</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>Further, the long-term pullback phase leads to a death cross in the daily chart. However, the daily RSI line offers a huge bullish divergence look, signaling a potential reversal with a breakout shortly.&nbsp;</p> 
<p>Also Read : <a href="https://coinpedia.org/news/ripple-vs-sec-outcome-ben-armstrong-predicts-10-million-settlement-optimistic-outlook-for-xrp-price/">Ripple vs SEC Outcome: Ben Armstrong Predicts $10 Million Settlement, Optimistic Outlook for XRP Price</a></p> 
<h2 class="wp-block-heading" id="h-channel-breakout-in-ada-price-chart">Channel Breakout in ADA Price Chart</h2> 
<p>Contrary to the XRP price chart, the <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/">ADA price</a> trend displays a strong breakout trend. As Cardano reverts from the 50% Fibonacci level, the altcoin concludes the pullback phase, leading to a channel breakout.&nbsp;</p> 
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 <img decoding="async" width="1024" height="510" src="https://image.coinpedia.org/wp-content/uploads/2024/02/10160815/image-85-1024x510.png" alt="" class="wp-image-268842" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/10160815/image-85-1024x510.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/10160815/image-85-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/10160815/image-85-768x383.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/10160815/image-85-1536x765.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/10160815/image-85-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/10160815/image-85.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Further, the rise in trading volume supports the breakout trend. However, the supply pressure increased at the 23.60% Fibonacci level, teasing a tweezer top formation for a retest.&nbsp;</p> 
<p>Comparing the prevailing trend, Cardano shows a bullish trend in contrast to the extremely volatile moves in XRP. Therefore, with the breakout rally and a prevailing uptrend, the chances of Cardano (ADA) reaching the $1 mark before Ripple (XRP) seem better.&nbsp;</p>

Ripple (XRP) Price or Cardano (ADA) Price: Which Can Hit $1 First?

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