Santiment recently posted a tweet highlighting several major cryptocurrencies and their benefits. Unsurprisingly, BTC and ETH topped the list as they made 98.3% and 95.1% respectively.
However, XRP's performance didn't look the best as only 78% of #xrp shipments were profitable. The situation with #ADA is even worse: more than half of all ADAs were profitable.
AMBCrypto's analysis of Santiment data showed that the weighted exchange rate of both tokens remained in the negative zone for most of last week.
This clearly shows that the market was dominated by bearish sentiment towards these tokens.
The price dynamics of XRP was also sluggish as it rose slightly last week. According to CoinMarketCap, at the time of writing, XRP was trading at 0.5239 with a market capitalization of over ¥290 billion.
However, the ADA situation looked very optimistic as the weekly chart showed a price increase of more than 3%. At the time this article was published, ADA's price was 00.4653 yen and its market capitalization was over 16.6 billion yen.
Will XRP, ADA benefit investors?
AMBCrypto analyzed data on the #blockchain to better understand whether the prices of these tokens are expected to rise to help investors profit.
Santiment's data analysis shows that the MVRV ratio of both tokens has improved over the past week and looks optimistic.
In addition, the fear index and greed index of both tokens were in neutral at the time of publication. This meant that the possibility of price volatility could not be ruled out yet.
We then analyzed the daily chart to see what the indicator was pointing to. We found that over the past few weeks, the XRP price had been consolidating within a bullish pattern.
At the time of publication, it was on the verge of a breakout. A successful breakout could allow the XRP price to retest the monthly highs in the coming weeks.
For #Cardano , the cash flow index (MFI) has risen significantly. The Relative Strength Index (RSI) is also moving north, indicating a high probability of price gains.
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