XRP and ADA rebounded strongly, can they break through the $1 mark?
The cryptocurrency market ushered in a wave of rebounds, with XRP and ADA leading the rise, attracting market attention.
XRP price broke through $0.60 and rebounded strongly
The price of XRP rose strongly in the past intraday, breaking through the $0.60 mark, with an increase of 56.8%. The daily chart shows that the price of XRP has recovered all important moving averages, showing a clear bullish momentum in the short term.
However, from a technical perspective, the price of XRP is currently in a triangular adjustment stage, and it may fluctuate successfully in the short term. If it can break through the upper track of the triangle, it will further confirm the upward trend, and the target price is expected to reach $1.94.
ADA price rebounds vigorously, and still needs to break through key resistance
ADA price rebounded 33.7% after bottoming out at $0.33, but it is still below the 200-day moving average, and the upward momentum is relatively weak.
If the price of ADA can successfully break through the 200-day moving average and the resistance level of $0.558, it will further confirm the signal and realize the opening of a new upward trend.
Overall, both XRP and ADA have shown a certain rebound momentum, but whether they can break through the $1 mark needs further observation.
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