With the recent bullish recovery in the cross-border payment system, the cryptocurrency market has seen a strong resurgence in its valuation. Notably, the price of Bitcoin has reclaimed the $60,000 mark, signaling a positive trend in the crypto space.
Following this uptrend, top altcoins have also experienced significant gains in their portfolios. In particular, XRP and ADA coins have shown the highest increases among the top 10 crypto tokens in the past week.
If you’re curious about the future price movements and the roadmap to reaching the $1 mark for ADA and XRP, don’t worry. This article covers the market sentiment and price analysis for these two altcoins.
ADA Coin Price Breaks Out Of Its Important Resistance Level:
Cardano’s price has surged by 5.11% in the past day and 17.55% over the week, showing positive momentum for six consecutive days. The altcoin has surpassed a crucial resistance level, indicating a strong bullish sentiment.
The RSI indicator has crossed the neutral point, indicating higher buying pressure in the crypto market. Additionally, the average trendline shows a bullish convergence on the 1D time frame.
The MACD reflects a rising pattern in the green histogram, suggesting a bullish trend for ADA. If the market remains bullish, ADA’s price may test $0.50 as resistance, while a bearish scenario could see it drop to $0.4075.
XRP Token Records The Single Highest Price Surge In Over 4 Months:
Despite market volatility, XRP has seen an 8.35% increase in the past day with a trading volume of $1.815 billion. Over the week, XRP has surged by 17.20% and by 5.39% in the past month.
The RSI has shown a sharp rise and is approaching the overbought range, signaling bullish sentiment. Additionally, the MACD indicates a bullish outlook for XRP with a rise in the green histogram and bullish averages convergence.
If the market keeps XRP above $0.488, bulls may target $0.630 as resistance. Conversely, a trend reversal could lead to a retest of crucial support levels.
EndNote:
XRP has surged by 17.20% in the past week, needing a 94.07% increase to reach $1 from its current price of $0.5153. ADA, trading at $0.4206, requires a 137.75% surge to hit its target of $1.
