Cardano (ADA) and XRP Price Prediction for Mid-September 2023
Cardano (ADA) and XRP are not having the best of times as of now. Cardano (ADA) has fallen by 5.1% over the previous week, while XRP has fallen by 4.8% in the same time frame. However, there might be a chance...
Cardano (ADA) and XRP are not having the best of times as of now. Cardano (ADA) has fallen by 5.1% over the previous week, while XRP has fallen by 4.8% in the same time frame. However, there might be a chance that the tokens could climb ever so slightly around mid-September.
ADA faces immediate resistance at around $0.25, with support at around $0.23. However, current levels do not have a lot of volume to support the price. Moreover, the token’s Fibonacci Retracement pointed to a climb to around $0.26 before making any further moves. The $0.26 level also has a good amount of volume to offer support. ADA’s RSI is currently at 36, more towards the oversold territory, which supports the narrative of prices moving higher. Moreover, MACD in the 4-hour chart also shows that bulls are in control at the moment.
Also Read: Cardano: ADA Could Rise to $0.26 Before Facing Consolidation
Will XRP follow Cardano’s (ADA) trajectory?
XRP faces immediate resistance at around $0.50, with support at around $0.46. XRP, like Cardano (ADA), has been on a downward trajectory for some time. However, the token’s Fibonacci Retracement points to it going up to about its current resistance level, $0.50, before making any moves. The RSI is currently at 33, which supports a possible upward movement. It is possible that the token will face rejection at its resistance and head back down again. MACD shows that bears are in charge in the 4-hour chart, but it has yet to follow through. There is also a chance the token could consolidate at around $0.50, as there is considerable volume at that level.
Also Read: Japan’s SBI Confirms XRP Utility for International Remittance
At press time, Cardano (ADA) was trading at $0.244371, down by 0.5% in the last 24 hours, while XRP was trading at $0.478227, up by 0.3% in the last 24 hours.
Delegate Your Voting Power to FEED DRep in Cardano Governance.
DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!
