XRP and Cardano in ‘neck and neck’ race to $1; Who will win?
The post XRP and Cardano in ‘neck and neck’ race to $1; Who will win? appeared on BitcoinEthereumNews.com.
As the year 2023 nears its end, two assets in the cryptocurrency sector have recently been racing against each other to reach the coveted (at least for them) price level at $1 – XRP (XRP) and Cardano (ADA) – and crypto traders and investors are beginning to wonder which one will get there first. Indeed, both the XRP token and Cardano have strong foundations for further price appreciation, with their technical analysis (TA) and developments that involve them suggesting they, indeed, could surpass the $1 price mark in the near or distant future – so which one will win the race? XRP vs. Cardano As it happens, XRP and Cardano were “neck and neck in that race to $1,” as observed by the pseudonymous crypto market expert CoinsKid in an X post he shared on December 28, when XRP was recording a price of $0.6374, while Cardano stood at $0.663141, suggesting that the latter could be in the lead. XRP vs. Cardano price. Source: CoinsKid On the other hand, the technical analysis indicators are slightly more on the side of XRP, considering that the summary of the one-day sentiment gauges over at the finance and crypto analytics platform TradingView suggests a ‘strong buy’ for XRP with no ‘sell’ calls while pointing at a ‘buy’ for Cardano with two ‘sell’ calls. XRP vs. Cardano 1-day sentiment gauges. Source: TradingView XRP price analysis Meanwhile, XRP was at press time trading at the price of $0.6435, recording an increase of 3.04% in the last 24 hours, adding up to the 4.64% gain across the previous week and the advance of 7.47% over the past month, according to the most recent charts on December 28. XRP 7-day price chart. Source: Finbold Indeed, the positive resolution of the long-running legal battle between the blockchain company…
Filed under: News - @ December 28, 2023 10:26 am