As the altcoin season begins in the crypto market, heated discussions have begun over whether XRP or Cardano will reach the $1 mark first. With XRP and Cardano trading at similar levels, the defined bull run in Cardano shows increased chances of reaching the $1 mark first.
However, the XRP, standing on the verge of a breakout, could find a surge in momentum ahead. So, let’s take a quick look at the Cardano and XRP price charts to determine the chances of these altcoins hitting the $1 mark in this crypto bull run.
Triangle Breakout in XRP Eyes $1
The XRP price trend shows a positive cycle within a triangle pattern. The bull cycle accounts for a 20% surge and has surpassed the 38.20% Fibonacci level at $0.001, and $0.002, and has surpassed the 50% Fibonacci level at $0.58.
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Currently, it is trading at $0.59 and is ready to challenge the overhead deadline. However, the XRP price trend could find a crucial resistance at $0.618 Fibonacci level priced at $0.6035.
Hence, the price action traders should wait for the XRP price to exceed the crucial resistance, which will increase its chances of reaching the $1 mark. Based on the Fibonacci retracement tool, the upcoming price targets for XRP are $0.98 and $1.24.
Supporting the bullish trend, the 50-day and 200-day exponential moving averages are teasing a golden crossover.
Cardano’s 80% Surge Eyes $1 Ahead
The ADA price action shows a defined bullish trend in action. With a double-bottom reversal, the XRP price has increased by nearly 80% in the past six days, leading to six consecutive bullish candles.
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It has exceeded the 61.80% Fibonacci level at $0.54. Currently, it is pricing operations from the 78.60% Fibonacci level at $0.68. Despite trading at similar levels to XRP, the increased bullish momentum in Cardano increases its chances of reaching the $1 mark before XRP.
With a positive crossover between the 50-day and 100-day EMA, the chances of a golden crossover have significantly increased. Based on the Fibonacci level, the price targets for XRP are $0.99 and $1.36.
Will XRP and Cardano Price Hit $1?
With an ongoing bull run, Cardano shows increased chances of reaching the $1 mark before XRP. Similarly, the breakout rally will improve the chances of XRP reaching the $1 mark. Hence, the XRP and Cardano prices will likely hit $1 in his crypto bull run!
Curious to know the future price trend in XRP beyond $1. Read Coinpedia’s XRP price prediction to learn more.
FAQs
Cardano currently shows a stronger bullish trend, making it more likely to reach $1 before XRP.
XRP faces critical resistance at $0.6035 (0.618 Fibonacci level) and has price targets of $0.98 and $1.24.
With strong momentum, EMA crossovers, and bullish Fibonacci levels, Cardano’s trend suggests further upside potential.
Source: https://coinpedia.org/price-analysis/will-xrp-and-cardano-price-hit-1-this-crypto-bull-run/