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11/06/2021

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What to Expect From Ripple (XRP) and Cardano( ADA) This Weekend?

The post What to Expect From Ripple (XRP) and Cardano( ADA) This Weekend? appeared on BitcoinEthereumNews.com. The fourth quarter has been pretty bland for XRP and ADA, while Uptomber wasn’t really up for the duo. The coins have been...

What to Expect From Ripple (XRP) and Cardano( ADA) This Weekend?

The fourth quarter has been pretty bland for XRP and ADA, while Uptomber wasn’t really up for the duo. The coins have been sitting idle, with the start of November. Which has been Moonvember for several coins, especially the ones based on memes. However, enthusiasts in favor of the duo remain optimistic with the price rebounding from current levels.

Cardano Price Analysis

The digital asset at press time is trading at $1.955 with gains being negative by 0.6%. While the market cap is around $62,968,557,689. The trading volume for a day and a night is hovering around $1,545,155,961. A falling channel formation is seen on the charts, breaking which the coin can surge to levels around $2.42.

On the other hand, the analyst is bullish on ADA price reaching highs of $10 this bull cycle. Which he believes would not fall below levels of $1.90. However, he believes the market cap of Cardano to be lower than that of Ethereum, despite the price rising to $10.

XRP Price Analysis

XRP at press time is trading at $1.1293, with gains being negative by about 3.8%. The market cap of the digital asset is hovering around $53,047,180,246. While the trading volume for the last 24-hours is around $4,075,620,358. The digital hasn’t breached its ATH of $3.40, which was about 4 years ago. XRP Price has broken the symmetric triangle and has retested. We can expect the digital asset to surge to levels of around $1.4, provided the situation favors XRP prices.

Collectively, XRP and ADA have been in the clutches of bears for a significant time. The coins’ attempts to rebound have not been successful. The platforms have been idle despite the fundamentals, while coins with little to no utility have outperformed. 

However, the community remains optimistic about the coin’s future. With the legal tussle settling in the case of XRP, and ADA receiving notable upgrades. We can anticipate the digital assets coming in line with the rivals.

Source: https://coinpedia.org/price-analysis/what-to-expect-from-ripple-xrp-and-cardano-ada-this-weekend/


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