Ripple (XRP) and Cardano (ADA) were once top 10 tokens that had faded over time, but now they are making a comeback. While other tokens remain stagnant, XRP and ADA are slowly gaining momentum. This indicates that they may be on the verge of breaking out of a long accumulation phase, signaling a potential bullish trend ahead. Both XRP and ADA prices have shown a strong rebound and are poised for further growth.
Will Ripple (XRP) Price Rise 15% in July?
XRP’s price has been squeezed tightly since reaching its peak in March, forming a falling wedge pattern that resembles a symmetrical triangle. However, the consolidation levels suggest a potential uptrend on the horizon.
XRP’s price has been consolidating within a tight range, indicating a potential breakout soon. The RSI has been below average for months, failing to surpass 55 levels. Decreasing volume may lead to significant price movement, potentially breaking above resistance levels and reaching targets like $0.5, $0.54, and $0.57.
Cardano (ADA) Price Aiming to Reach $0.5
Cardano experienced a significant price increase following the market trend, but a bearish trend caused a more than 50% drop. Despite this setback, ADA’s price seems to be nearing the end of bearish consolidation, similar to XRP, preparing for its next move.
ADA’s price has struggled to surpass $0.4 for over a week, indicating potential significant price movement ahead. Historically, such compression has led to major price action, with a potential rise to $0.44 and eventually targeting $0.5. The RSI rebound suggests that ADA may soon break above $0.5.
