Skip to content
Crypto News Focus logo CNF_CRYPTO_NEWS_FOCUS_LOGO 8

Crypto News Focus

your day to day crypto news site

Primary Menu
  • Home
  • News
    • Bitcoin News
    • Ripple XRP news
    • Ethereum News
    • Cardano News
    • Shiba Inu News
    • Pi Network News
    • More
  • Analysis
  • PR Desk
  • About Us
  • General Policy & Privacy
  • Guides
    • Bitcoin Guides
    • Pi Network Guide
    • Cardano Guide
  • Politics
  • Tech
  • Home
  • News
  • The Powered Ripple (XRP) and Cardano (ADA): Who Will Win the Race to $1?
  • News

The Powered Ripple (XRP) and Cardano (ADA): Who Will Win the Race to $1?

Simon Njenga 2 July 2024
Cardano v XRP- bitcoin rippple ADA
  • Ripple (XRP) and Cardano (ADA) in their quest to reach the $1 mark amidst recent bullish signs in the cryptocurrency market.
  • XRP shows cautious optimism with technical indicators, while ADA demonstrates resilience but faces challenges in breaking key resistance levels.

Cryptocurrency Market Shows Bullish Signs

The cryptocurrency market has recently seen a resurgence in bullish activity after a month of bearish price actions. Top tokens like Ripple (XRP) and Cardano (ADA) have begun July with promising gains, hinting at a potential upward trend. Despite this positive momentum, both altcoins face a critical challenge: reclaiming the $1 mark.

Ripple’s Market Sentiment

Ripple (XRP) has struggled to break out of a descending channel pattern, reflecting uncertainty among investors. However, recent indicators such as the Relative Strength Index (RSI) and moving averages suggest a bullish turn. If XRP can hold above $0.480, it may rally towards $0.5340, but a bearish reversal could see it drop to $0.420.

Cardano’s Potential Breakout

Cardano (ADA), on the other hand, has shown resilience with a recent 3.86% jump in 24 hours and a 6.75% increase over the past week. It is nearing a breakout from a triangle pattern, with RSI and moving averages indicating bullish sentiment. Breaking through could lead ADA towards testing $0.6140, but failure could mean a decline to key support levels.

Which Altcoin Will Reach $1 First?

At the time of writing, XRP trades at $0.4796, needing a 108.26% increase to reach $1. ADA, priced at $0.3993, requires a 150.43% surge. Given current market conditions and historical price trends, achieving over 100% growth in six months seems challenging for both.

While both Ripple (XRP) and Cardano (ADA) show signs of potential bullish movements, their paths to $1 are fraught with challenges. XRP’s technical indicators suggest a cautious optimism, whereas ADA’s recent price movements indicate resilience but with uncertain outcomes. Investors should monitor these developments closely to gauge which altcoin might achieve the $1 milestone first.

While the road to $1 for XRP and ADA remains uncertain, their recent price actions and market sentiment provide valuable insights into their potential trajectories. Investors and enthusiasts alike await further developments eagerly as these altcoins navigate their respective paths in the cryptocurrency landscape.

Continue Reading

Previous: Cardano’s (ADA) Latest: Enhancing Core Tech and Performance Benchmarks
Next: Ethereum’s (ETH) July Forecast: ETF Fluctuations and Whale Transactions

Related Stories

dogecoin on marbles
  • Analysis

Dogecoin Price Prediction: 30% Crash Looms After $38M in Losses

Jane Kariuki 30 June 2025
Sollana logo on blue background
  • Analysis

Solana ETF with Staking Launches July 2 Offering Passive Income

Cal Evans 30 June 2025
VeChain chart showing rising channel pattern signaling potential breakout in 2026
  • Blog

How VeChain Is Solving Supply Chain Issues with Blockchain

vivian 30 June 2025

For general inquiries, please email us at Info@cryptonewsfocus.com

Crypto news focus is your day-to-day crypto news site. Get all the latest News and trends in the crypto, blockchain, and DeFi space. For more info and inquiries, reach out via email at info@cryptonewsfocus.com

You may have missed

dogecoin on marbles
  • Analysis

Dogecoin Price Prediction: 30% Crash Looms After $38M in Losses

Jane Kariuki 30 June 2025
Sollana logo on blue background
  • Analysis

Solana ETF with Staking Launches July 2 Offering Passive Income

Cal Evans 30 June 2025
VeChain chart showing rising channel pattern signaling potential breakout in 2026
  • Blog

How VeChain Is Solving Supply Chain Issues with Blockchain

vivian 30 June 2025
SUI PRICE ANALYSIS IMAGE
  • News

SUI Leads $484M Token Unlock as ENA, SOL, OP, AVAX & DOGE Flood the Crypto Market

Simon Njenga 30 June 2025

Social Media

Crypto News Focus © All rights reserved | MoreNews by AF themes.
Go to mobile version
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok