Cardano

bullish

Future

The post <a href="https://coinpedia.org/price-analysis/xrp-hits-0-60-with-cardano-stuck-at-0-33-will-ada-price-make-a-comeback/">XRP Hits $0.60 With Cardano Stuck At $0.33. Will ADA Price Make A Comeback?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Amid the broader market recovery, the altcoins are gaining momentum with minor hiccups along the way. In the top gainers, the XRP price ranks high as it reclaims the $0.60 level overnight. However, the ADA price trend struggles for a comeback from $0.335 and bounces back from a support trendline.&nbsp; 
Let’s have a closer look at the XRP and ADA price charts to find out the buying opportunities in the altcoins.&nbsp; 
<h2 class="wp-block-heading" id="h-v-shaped-recovery-teases-1-in-xrp">V-Shaped Recovery Teases $1 in XRP</h2> 
Following the market crash, the XRP is one of the top altcoins to reclaim the lost peaks at a breakneck speed. With a V-shaped reversal form the 23.60% Fibonacci level and a tail formation to retest the broken trendline, the XRP price is back at $0.060. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfU3hCFw-nNYi6N-GOz7HnoYAHTADL_qFfdxxQxdXEAi_jsUV60BkVkE2tx4fLhVGOW4vF1w0Rcnpln58HnaHypKoPI-5qkk3Xn34LQ-CsS9BQxCWjbfhXdUVWurPZ_WQkbUBiwTZ0GG-u49GhITnQmXLkz?key=vyuTL2ONo8fuVktpQvd8Yg" alt="">
</figure> 
<a href="https://www.tradingview.com/x/y7CCBZ1P/">Tradingview</a> 
Forming a morning star pattern with a massive bullish engulfing candle of 18% jump last night, XRP is back in action. As the bull run picks up pace, XRP is ready to challenge the 78.60% Fibonacci level at $0.65. 
A bullish breakout of $0.65 will increase the bull run momentum and fuel the next stage of recovery to $0.91. 
<h2 class="wp-block-heading" id="h-cardano-s-wedge-pattern-holds-the-future">Cardano’s Wedge Pattern Holds The Future</h2> 
Falling in a bearish wedge, the ADA price is at a crossroads with increasing bullish chances. As bulls sustain dominance over the $0.30 support level, the minor recovery from the support trendline teases a new bull cycle.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfnDakIg2OitjvtXIyLMIvDYtMFwcFi8UdwV7GYJ_SdDCnKlfmr5hYcI5yKDvOLQ4ceNgEZvFF8HaDJAwMlQrkzKZnp9Xb1sl11isGHL14kkQ-u_B9HoAcLfVUDKakz8KwM5ELOylvtew29yLuXdCrsnIie?key=vyuTL2ONo8fuVktpQvd8Yg" alt="">
</figure> 
<a href="https://www.tradingview.com/x/qksfJnwJ/">Tradingview</a> 
Currently trading at $0.335, ADA price shows an intraday recovery of 3.40% and a bullish engulfing candle in the making. Despite the short-term bullishness, the overhead resistances hoard massive supply pressure near $0.42.&nbsp; 
For a breakout rally of the resistance trendline, declining 200D and 50D EMA, and the $0.42 resistance, a push from broader market recovery is critical. Optimistically, with the breakout run, ADA price will head to the 78.60% Fib level at $0.676.&nbsp; 
Hence, with a V-shape recovery in XRP and a reversal in Cardano, there are buying opportunities in the altcoins segment.&nbsp;

XRP Hits $0.60 With Cardano Stuck At $0.33. Will ADA Price Make A Comeback?

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