After a market crackdown by the bears yesterday, the bulls managed to take control of the business overnight. However, top tokens such as Cardano and Ripple have continued recording mixed price action in their daily charts.
Considering the present market sentiments, will the XRP & ADA price maintain its bullish sentiment and achieve a new 52-week during the upcoming days? In this article, we have covered the short-term market sentiment and the possible short-term price targets of the top 2 altcoins.
Ripple Price Holds Above Its Important Support Level!
Despite recording a drop of ~20% in seven days, the price of XRP tokens has surged 21.86% this year. This highlights a strong long-term bullish price action for this altcoin in the crypto market. Moreover, it has maintained its 03rd position with a market cap of $143.63 billion.
The Moving Average Convergence Divergence (MACD) records a constant rise in the red histogram with its averages experiencing a similar price action in the daily time frame. Further, with the EMA 50/200-day displaying increased bearish sentiment, the XRP coin price hints at mixed price action.
If the bulls maintain the XRP price above its important support level of $2.50, this could result in this altcoin retesting its resistance level of $3 this week. However, sustained bearish price action could pull the price toward its low of $2 in the coming time.
Planning on stacking more XRP tokens but curious about questions like “Will XRP reach $10?” Read XRP Price Prediction 2025, 2026 – 2030!
ADA Coin Price Breaks Its Crucial Support Of $0.80!
Amid the ongoing market uncertainty, the Cardano price has displayed a neutral price trend in 24 hours. However, it has plunged ~25% in seven days and 34.11% over the last 30 days. Notably, with a market capitalization of $25.384 billion, it has secured the 09th position in the market.
The Relative Strength Index (RSI) has plunged below its oversold range in the Cardano price chart. Moreover, its SMA indicator constantly acts as a resistance to the price chart. This indicates an increase in the selling-over-buying pressure for the altcoin in the crypto market.
Suppose, a bullish reversal occurs, in that case, the price of ADA could retest its upper resistance level of $1. Conversely, if the bears outrun the bulls, this could result in it retesting its low of $0.60 this week.
To find out answers to questions like “Will Cardano reach $3?” Read Cardano Price Prediction.
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FAQs
The price of XRP could range between $2.15 and $4 this year if the bullish sentiment sustains.
Considering the present market sentiments and the supply of XRP tokens, it is highly unlikely for this altcoin to achieve this price target.
With increased adoption, the ADA crypto coin could reach a maximum trading value of $2.62 in 2025.
Amid increased uncertainty in the crypto space, it is best suggested to do your own research before investing in any digital asset as the market is highly volatile.
