ADA soared above 0.65, while XRP is close to closing at 0.9.
most of the cryptocurrency market is in the red zone today, marking some price declines after a recent strong rally. BTC has fallen below 90000, temporarily below 887,000, ETH has fallen just above 3000, and DOGE and SHIB are down 5-8%.
Ripple's #XRP and Cardano's #ADA , one of the top ten of the two largest cryptocurrencies, are bucking the trend. Both assets are growing in double digits every day.
CryptoPotato yesterday reported a sharp rise in xrp prices, which went from 1 to over 0.0. 8 for the first time in almost 0.7 years. The most likely reason seems to be due to the current SEC Chairman Gary Gensler and the growing rumors that he will soon step down.
Although no such confirmation has been received yet, the price of XRP has continued to gain momentum over the past 1 day, unlike other markets. Early today, the token #rose above the new $0.9 mark, marking a new 16-month high.
Despite the slight decline, #Ripple tokens have risen 1% in 22 days and 60% in the last week. Their market value rose to ¥500 billion, closing the gap with Dogecoin to ¥530 billion.
At the same time, Santiment previously reported that many "whales" of ripple have started to accumulate funds again, totaling approximately 4.6 billion tokens. That's a six-and-a-half year peak.
As for further XRP price movement, CryptoBull informed its 145,000 subscribers that the asset has broken out of a large symmetrical triangle and could surge by the end of the month if history repeats itself. 13
Cardano token rate rose significantly over the weekend when IOG founder Charles Hoskinson announced he would join a group working on a comprehensive cryptocurrency regulatory system under the Trump administration. The next day, Ada gave up a little ground, but today it went on the attack.
Over the past day, ADA has gained 19% and is trading above 0.
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