Advertise
Elena R
Elena R
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
- Nov 30, 2024 11:55 UTC
-
Will Cardano and XRP Hit ATH This Crypto Bull Run?
The XRP price is currently listed at a discount of 51.82% from its ATH of $3.84.
The ADA price trades at a discount of 65.07% from its all-time high of $3.10.
Technical indicators record increased bullish action, highlighting a higher price target.
With Bitcoin price consolidating above the $94,000 level, the bullish sentiment has shifted its attention toward the altcoin market. This has resulted in the top altcoins experiencing a massive price rally during the second half of November.
Moreover, with tokens like Ripple (XRP) and Cardano (ADA) successfully reclaiming the $1 mark in their respective portfolios, will these 2 altcoins achieve a new ATH during the upcoming AltSeason rally?
Ripple (XRP)
With an intraday surge of 12.87% and a trading volume of $18.539 billion, the Ripple price has recorded a new 52-week high. Moreover, with a market capitalization of $106.85 billion, it has flipped Binance (BNB) and currently holds the 05th position.
The Relative Strength Index (RSI) continues hovering above the overbought range in the daily time frame. Moreover, with a Golden Cross in its EMA 50/200-day indicator, the XRP coin price may continue gaining value during the upcoming week.
If the bullish sentiment sustains, the Ripple token will retest its resistance level of $2. Maintaining the bullish sentiment could push the price toward its $2.5 mark. Conversely, a bearish reversal could pull the price toward its low of $1.50.
Wondering what’s next for the Ripple price after it achieves a new high? Read CoinPedia’s XRP Price Prediction!
Cardano (ADA)
Despite recording a neutral price action over the last seven days, the ADA coin price has surged over 200% this month. Moreover, with a market cap of $37.966 billion, the Cardano price is currently listed at a trading price of $1.0880.
The Simple Moving Average (SMA) supports the Cardano price chart in the daily time frame. On the other hand, the MACD indicator shows a constant green histogram, with its averages displaying a significant uptrend. This suggests a bullish outlook in the coming time.
Maintaining its bullish price sentiment could push the Cardano price toward its upper resistance level of $1.50. On the contrary, if the bears outrun the bulls, this altcoin may retest its lower support trendline of $0.8750 this year.
Wondering if the ADA price will hit $2 in 2025? Read our Cardano Price Prediction and also subscribe to us to stay updated on the latest cryptocurrency news!
FAQs
For the Ripple token to achieve this price target, it will require a surge of 5,226.8% in valuation.
With a bullish surge, the Cardano price may reach a maximum of $7.79 by 2029.
The Ripple price could range between $4.28 and $8.36 by 2030.
Yes 
No 
