Will Cardano and XRP Hit ATH This Crypto Bull Run?
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?
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!
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!
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.
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