XRP (XRP)$XRP
Having recorded a massive 379.42% increase in the last six months, XRP has been on a strong uptrend, with a 212.42% increase over the past month. However, there was a 7.32% drop over the past week, indicating short-term fluctuations in the market.
XRP is currently trading between $2.22 and $2.95, with its 10-day and 100-day simple moving averages at $2.42 and $2.40 respectively. The Relative Strength Index (RSI) is at 51.94, which suggests that XRP is neither overbought nor oversold, while the Stochastic indicator is at 37.97, which suggests that the market is in a neutral position.
Looking ahead, XRP’s immediate resistance is at $3.30. If it breaks this level, it could move towards the next resistance at $4.03. Considering the downside risks, the immediate support level is at $1.83 and if the decline continues, the second support could be pulled down to $1.09. These levels are critical for investors looking to track potential changes in market sentiment.
Cardano (ADA)$ADA
Cardano (ADA) saw a price loss of 10.07% over the past week. However, it is up 88.08% over the past month and is up a massive 170.90% in the last six months. ADA is currently trading between $1.06 and $1.33, indicating a volatile trend in the short term.
Technical indicators point to the potential for further growth. The Relative Strength Index (RSI) is at 54.78, indicating neutral momentum. The Stochastic Oscillator is at 82.14, approaching the overbought territory. The MACD is slightly negative at -0.00015329, indicating a possible bullish reversal.
If ADA clears the $1.46 resistance, it could move towards $1.73, which would indicate an increase of around 30%. On the downside, if it breaks below the nearest support level of $0.923, it could drop to the second support level of $0.653, which would imply a potential loss of around 40%. The 10-day and 100-day simple moving averages are near $1.08 and $1.10 respectively, which could signal consolidation ahead of a major move.