Cardano

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The post <a href="https://coinpedia.org/price-analysis/should-we-expect-any-volatility-in-cardano-ada-and-ripple-xrp-prices-this-month/">Should We Expect Any Volatility in Cardano (ADA) and Ripple (XRP) Prices This Month?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
In recent times, the crypto markets have been displaying significant volatility as the top token has displayed a giant move in the short term. The other altcoins, specifically the memecoins and some new tokens, have gained huge strength. However, popular ones like Cardano (ADA) &amp; Ripple (XRP) have failed to attract volume. Due to this, the volatility has failed to a large extent, due to which the upcoming price action appears to be misty at the moment.&nbsp; 
Now the question arises: is it a good time to buy XRP or ADA? 
Cardano’s price has been displaying enough momentum ever since the token initiated a bullish rebound earlier. However, the trend remains within the ascending parallel channel and a continued bullish trend may elevate the levels close to $0.6. However, the draining volume has been the main concern as the technicals are about to go bullish.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/Qp5dAr7qK8Q9B8LwQ_czeY6YObMzNfltfcVKMMn_altRzH5i4p-ndPu1RsjVwxxa-5g8pAlJImQw1DrDeZLO8PI2EbJgPIy2XtVSpuTHywhzpayKlNJ07--7ycgutF39L6uNap5msOUhiAsmtxH6vKA" alt="">
</figure> 
The short-term <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" target="_blank" rel="noreferrer noopener">ADA price</a> action has had no major price movement in the past few weeks but the long-term price action shows the possibility of a bullish continuation. The MACD shows the weakening of the selling pressure, which may substantiate a bullish trajectory. Moreover, the RSI has also displayed a bullish divergence, but the volume displays no major change, suggesting the current consolidation may be prolonged. Besides, the XRP price also displays a similar action with fewer chances of a huge bullish push.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/hJl88DUHe1hFwYGMBQeREoRvS9ZvY2KvkRoxvA__H3uI_CWjzOd1RGh5-HLP0air3avCOF8U9HO6UI95MrXKPZ_AAFfsb4-BicmSysWLBr-V6U05d-1Hav144w-H232a6qVHoXn2JBGJZ1PNzMI6BQE" alt="">
</figure> 
As seen in the above weekly chart, the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP price</a> is ranging high along the lower trend line. However, the recent pullback had dragged the levels below the trend line and after a brief accumulation, now it appears that the price may soon regain the levels but it could be a tedious job. The stochastic RSI has triggered a bullish crossover, but due to low volume, the impact of the rising RSI may be minimal.&nbsp; 
Therefore, the Cardano (ADA) &amp; Ripple (XRP) prices do show some bullish continuation but the pace remains quite low. This could only intensify when traders’ interest flows into the token in the coming days.&nbsp;

Should We Expect Any Volatility in Cardano (ADA) and Ripple (XRP) Prices This Month?

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