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02/06 13:25

ADA and XRP Price Prediction This Week: Bullish Re

ADA and XRP Price Prediction This Week: Bullish Reversal in Sight?

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XRP price rose by around 2% today with an intraday trading volume of $21.256 billion.

However, Cardano price continued to struggle with less than 1% change in 4 hours.

Technical indicators showed an uncertain rise, indicating an intensified price action.

After bears weighed down the market yesterday, bulls managed to take control of the business overnight. However, top coins such as Cardano and Ripple continued to record mixed price action in their daily charts.

Considering the current market sentiment, will XRP and ADA prices maintain the bullish sentiment in the coming days and achieve a new 52-week high? In this article, we cover the short-term market sentiment and possible short-term price targets for the top 2 altcoins.

Ripple price remains above its important support level!

Although the price of the XRP token has dropped by around 20% in seven days, it has surged by 21.86% this year.  This highlights the long-term strong bullish price action of this altcoin in the cryptocurrency market. Moreover, it has maintained its position at the 03rd position with a market cap of $143.63 billion.

The Moving Average Convergence Divergence (MACD) has recorded a continuous rise in the red histogram, with its average experiencing similar price action on the daily timeframe. Moreover, the XRP token price hints at mixed price action as the EMA 50/200-days shows an increase in bearish sentiment.

If the bulls sustain the XRP price above its important support at $2.50, this could lead this altcoin to retest its resistance at $3 this week. However, continued bearish price action could pull the price towards lows of $2 in the future.

 Planning to stack more XRP tokens but curious about questions like “Will XRP reach $10?” Read XRP Price Prediction 2025, 2026 – 2030!

ADA Token Price Breaks Its Critical Support at $0.80! 

Amid the ongoing market uncertainty, Cardano price has seen a neutral price trend over the 24-hour period. However, it has plunged by about 25% over the 7-day period and 34.11% over the past 30 days. Notably, with a market cap of $25.384 billion, it has been ranked 09th on the market.

The Relative Strength Index (RSI) in the Cardano price chart has fallen below its oversold zone. Moreover, its SMA indicator constantly acts as a resistance on the price chart. This suggests that the selling pressure on altcoins in the cryptocurrency market outweighs the buying pressure.

Assuming a bullish reversal, in this case, the price of ADA could retest its upper resistance of $1. Conversely, if the bears outweigh the bulls, this could lead to it retesting its low of $0.60 this week.

To find answers to questions like, “Will Cardano reach $3?”, read the Cardano price prediction. 

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