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Cardano

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<p>The post <a href="https://coinpedia.org/price-analysis/ripple-xrp-or-cardano-ada-which-altcoin-will-hit-1-first/" rel="noopener noreferrer nofollow">Ripple (XRP) or Cardano (ADA): Which Altcoin Will Hit $1 First?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>After displaying a bearish price action over the past month, the cryptocurrency market has kickstarted the month of July with a strong bullish jump. Moreover, top tokens have successfully surpassed their important levels, indicating a positive outlook in the coming time.</p>
<p>Moreover, XRP and ADA tokens have each recorded a jump of approximately 3% within the past day. However, investors are concerned about these altcoin’s future prospects and path of reclaiming the $1 mark this year.</p>
<p>Dive in as, in this article, we have covered the in-depth market sentiment and price analysis of Ripple (XRP) and Cardano (ADA) tokens and their potential roadmap of achieving the $1 mark.</p>
<h2 class="wp-block-heading" id="h-ripple-token-records-increased-bullish-sentiments">Ripple Token Records Increased Bullish Sentiments:</h2>
<p>The <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">XRP coin price</a> has continued to display a weak price action by constantly trading in a consolidated range. Moreover, the Ripple token has formed a descending channel pattern in its price chart, indicating uncertainty in future price action for this altcoin.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeCPE2_G3rjQTa7CoTt448lH46G73o1f6XCXr_ab8q2vUsVDTvnPr-6XjFwHY38TBeLDMNMMd7-klY2PZu89jRKvVDsPmhQVL8yadzxV69jl0v8x6z-PH3eifG2M7h-LNvMea5rP9-TSzw-IqF8AtyuQS6N?key=ezDFGp5gMvca8VEXw5Z0FA" alt="XRP Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: XRP/USDT
 </figcaption>
</figure>
<p>The technical indicator, RSI, displays a bullish curve in its price chart, suggesting an increase in the buying pressure for the XRP token in the crypto market. Moreover, the average has displayed a bullish crossover, suggesting the price will continue gaining value this week.</p>
<p>On the other hand, the Simple Moving Average (SMA) is on the verge of experiencing a positive crossover in the 1D time frame, suggesting a high possibility of bullish price action during the coming time.</p>
<p>If the market holds the XRP price above the support level of $0.480, the bulls will prepare to break out of its resistance trendline of the parallel channel pattern and head toward its high of $0.5340. However, in case of a bearish reversal, the <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noopener noreferrer nofollow">Ripple price</a> will drop toward its low of $0.420.</p>
<h2 class="wp-block-heading" id="h-cardano-price-on-the-verge-of-a-major-breakout">Cardano Price On The Verge Of A Major Breakout:</h2>
<p>The Cardano token has displayed a bearish action since mid-March. However, with a jump of 3.86% within the past 24 hours and 6.75% over the past week. The <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">ADA price</a> is on the verge of testing its resistance trendline of the triangle pattern, the outcome of which is unpredictable.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfufTzY7KtfYosSvQVj5Q0pPDL4OX0LP2JLm_t3_L0UqGwebm3zqk7dX5YuhmnyjhjQYhtfAhMVv1NDr2n_5aGgIjbrOtjYbhvs4djjXdIr8oIrhEn-xpdHSehtEuMUKiNqVNjBUlLNRdGFzMi3kbLZn9c?key=ezDFGp5gMvca8VEXw5Z0FA" alt="Cardano Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: ADA/USDT
 </figcaption>
</figure>
<p>The Relative Strength Index (RSI) displays a sharp rise toward the mid-point, highlighting increased bullish sentiment for the ADA crypto in the market. Furthermore, the average has recorded a bullish curve above the oversold range, indicating a positive outlook for the <a href="https://markets.coinpedia.org/cardano/" target="_blank" rel="noopener noreferrer nofollow">Cardano price</a> this month.</p>
<p>Moreover, the technical indicator, SMA, has recorded a bullish convergence with respect to the price chart in the 1D time frame, suggesting increased bullish price action for the CardanoADA token in the cryptocurrency space.</p>
<p>If the ADA coin price breaks out of the triangle pattern, the bulls will prepare to test its upper resistance level of $0.6140. Negatively, if the bulls fail to surpass, the Cardano price will plunge toward its crucial support trendline.</p>
<h2 class="wp-block-heading" id="h-xrp-or-ada-which-altcoin-will-hit-1-first">XRP or ADA, which altcoin will hit $1 first?</h2>
<p>With a trading price of $0.4796, the Ripple (XRP) token requires a surge of 108.26% to achieve the $1 mark. On the other hand, the Cardano (ADA) price at the time of writing was trading with a price tag of $0.3993 and required a surge of 150.43% to reclaim the $1 mark.</p>
<p>Considering the present market situation and historic price sentiment, it is highly unlikely for these altcoins to record a surge of over 100% in their respective portfolios over the next six months.</p>

Ripple (XRP) or Cardano (ADA): Which Altcoin Will Hit $1 First?

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