Cardano $ADA vs. #Ripple $XRP : The Race to $2


Both #Cardano (ADA) and Ripple’s XRP are surging, with ADA above $1 after gaining 50% in a week and XRP trading at $1.46. The big question: which will hit $2 first?


Bullish Drivers

*/ SEC News: Optimism surged after SEC Chair #GaryGensler ’ s resignation, especially benefiting ADA, which has faced scrutiny as a potential security.


Cardano Price Highlights

1/ Key Breakthroughs: ADA broke past the 50% Fibonacci retracement at $0.83, targeting resistance zones:

*/ Golden Pocket ($1.13–$1.22): A crucial area where price may consolidate.

*/ 78.6% Fibonacci Level ($1.76): Clearing this could pave the way to $2.

2/ Historical Trends: ADA has outperformed Bitcoin in similar patterns, previously gaining 400%, suggesting potential growth through 2025.


XRP’s Momentum

*/ Price Action: Trading at $1.46, XRP is steadily approaching $2, benefiting from overall market optimism.


Conclusion


Both ADA and XRP are strong contenders, but ADA’s breakout above key Fibonacci levels and historical performance could give it the edge in this heated race.

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November 24, 2024 at 10:44 AM
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