Convergence

Cardano

Divergence

<p>The post <a href="https://coinpedia.org/price-analysis/will-ripple-xrp-and-cardano-ada-price-hit-ath-in-2024/">Will Ripple (XRP) And Cardano (ADA) Price Hit ATH In 2024?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>With the increased price volatility and the market leader, Bitcoin, successfully breaking out of its resistance level at $65,000, the crypto industry continues to trade under a strong bullish influence, with top tokens displaying significant jumps in their respective valuation.</p> 
<p>On the other hand, the altcoins have gained massive momentum and recorded a huge uptrend in the chart, with some tokens experiencing multiple folds in gains. Cardano (ADA) and Ripple (XRP) have added 37% and 20% over the past seven days, highlighting a positive price action for these altcoins in the coming time.</p> 
<h2 class="wp-block-heading" id="h-ripple-xrp-price-analysis">Ripple (XRP) Price Analysis:</h2> 
<p>After trading under a bearish influence for a month, the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP price</a> has recorded a significant price action over the past 30 days, indicating a rise in the investor’s interest. The Ripple price has added over 3% within 24 hours and 25% over 30 days.</p> 
<p>The altcoin is presently testing its major resistance/support level of $0.62, and with the bullish sentiments hovering over the industry, the coin is predicted to breach the level successfully.</p> 
<figure class="wp-block-image is-resized">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/MotCyeaJeq7g0-VOredUHTjZQWmYhKkLedWn0Ua6nNT5lEJYtCGjHvjznvfHf_SNOukOWaHYtLOYpuid3h7fS2Ct_AEnLNxleiFXOLLuykYu1Co20dEGn9R6L_x6HSL5_z61Y6k-zMXaVTL9fY6MOWY" alt="XRP Price Analysis" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
  TradingView: XRP/USDT
 </figcaption>
</figure> 
<p>Further, despite its notable price action, the XRP token needs a surge of over 500% to surpass its $3.84 mark and achieve a new all-time high (ATH). Ripple (XRP) currently has a target of $1, which is expected to be tested within the upcoming months.</p> 
<p>The technical indicator, MACD, displays a rising green histogram, indicating a bullish influence in the crypto space. Further, the averages show a bullish convergence, suggesting a positive price action for the altcoin in the coming days.</p> 
<h2 class="wp-block-heading" id="h-cardano-ada-price-analysis">Cardano (ADA) Price Analysis:</h2> 
<p>The <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/">ADA coin price</a>, on the other hand, has displayed a stronger bullish influence by adding approximately 10% within the past 24 hours and 56.5% over the past 30 days, making it one of the best performers among the elite crypto coins.</p> 
<p>Cardano’s ADA token has successfully breached its resistance level at $0.633 recently and is on the path to testing its next major resistance level of $0.8585. With a 33.85% Year-to-Date (YTD) gain, the altcoin is expected to test its upper level by the month-end.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/qRezylZnsMqcwcYXPiwxV_cPtUKHa9qY5PP7wsMPu6lU5mPzOIJr2VplUsaTG7UQDQPbuVOqXprtMwm-UVp0gf3lEn_ZqHpaIpKhXx4dR8k_ayE1VEakENRU4Bl5BBdXSOOE7z3aXvVKcUA1xbRXyRw" alt="ADA Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: ADA/USDT
 </figcaption>
</figure> 
<p>To record a new ATH, the ADA coin price needs a massive jump of over 290% to its current valuation of $28.23 Billion. Despite the market sentiments displaying significant bullish influence, ADA token recording a new ATH anytime soon is highly hypothetical.</p> 
<p>However, the Moving Average Convergence Divergence (MACD) displays a constant rise in the green histogram, indicating an increase in the buying pressure within the crypto market. Further, the averages show a bullish convergence, suggesting a positive price movement in the upcoming weeks.</p> 
<h2 class="wp-block-heading" id="h-conclusion">Conclusion:</h2> 
<p>The crypto industry trades under a strong bullish influence, with many tokens recording significant uptrends in their respective portfolios. However, both ADA and XRP tokens are far from achieving a new ATH anytime soon. However, both the altcoins are predicted to attempt to test the $1 mark this year.</p> 
<p><strong>NOTE:</strong> This article was made only for research purposes and is not a piece of financial advice or any promotion towards an individual cryptocurrency of category. Make sure to do your own research before investing in any digital assets.</p>

Will Ripple (XRP) And Cardano (ADA) Price Hit ATH In 2024?

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