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Cardano price showcases a sense of stability by eliminating steep losses, yet rebounds well with an aim to regain lost positions
XRP price manifesting a similar uptrend flips the bearish divergence to retract the price movement towards the north.
Cardano Price Aims High
Cardano price in recent times has become the talk of the town by heading strongly towards 100% decentralization. With the ongoing process, as much as 70% of the total ADA supply has been staked and hence, with the completion of the process, the ADA price is expected to skyrocket.
As Coinpedia reported earlier that the price may drop below $1, ADA price bounced back visiting closer levels. The price had broken the 20-Day EMA at $1.14 and dipped close to $1.03 support levels. Yet the bulls bought the dip and now are attempting hard to bring back the price above the 20-day EMA.
At the time of writing, the Cardano price is $1.12 with a drop of 2.29% in the past 24 hours but gained 4.81% in the past 3 to 4 hours. The RSI and MACD both are well in place showcasing bullish momentum and passing a buy signal.
- The resistance levels are at $1.16
- The support levels are at $1.02
- The indicators currently are neutral
XRP Price Poised To Hit $1
XRP price remained bullish despite most of the major crypto assets dipped profusely. However, it took the support of the trendline and overcame the losses, heading strongly towards $1. Until a massive drain pulled back the price to as low as $0.44.
The long wick on XRP price for a couple of days before, suggests that the traders were booking profits at higher levels. Despite the profit extraction, the price still remained bullish as the bulls continued to accumulate at every minor dip.
At the time of writing, the XRP price s $0.51 with a drop of 8.41% compared to the last trading day, yet recovered nearly 5.41% in the past couple of hours. The RSI and MACD manifest a bull rally, as RSI surges from the oversold zone and the MACD line crosses the signal line to indicate a buy.
- The resistance levels are a little far ahead at $0.5637
- The support levels are at $0.4651
- The indicators point out at a buy signal
Collectively, Cardano price and XRP price are on the way to have a massive bull rally. With the target set for XRP price and ADA price at $1 and $2 respectively in short term, it would be interesting to view, which asset smashes these levels at the earliest.