XRP and ADA have a high chance of rebounding, says Santiment.
That's why popular blockchain data aggregator Santiment posted a tweet showing that XRP and ADA have a high chance of a quick rebound after the recent drawdown that affected the entire cryptocurrency market.
According to data published by Santiment, many cryptocurrencies are now trading at a loss after the strong gains made in the market last week. Among them are XRP and ADA. However, since these two cryptocurrencies are trading cheaper than others, the chances of a rebound for XRP and ADA increase significantly.
ADA Market Performance A week ago on Friday, ADA showed a significant red candlestick chart on the hourly chart, down 6.83%. After bouncing slightly over the next few days, it is down 3.27% since June 5th. Overall, the price decline since last Friday was 4.43%. At the time of writing this article, Cardano coin is trading at $0.285 on the Binance exchange.
XRP Price Drops The digital currency associated with Ripple, XRP, fell more than Cardano did last week. The fall began after a rise of 4.72% on Sunday, July 2. However, Wednesday brought the first decline of 3.62%, and the decline continued further, with the coin losing almost 2% to date. The overall price decline since July 2 is 5.49%, as the coin is currently trading at $0.4667 on the Binance exchange.
You can be the first to receive even more analytics and profit signals, and find them in the profile description binance feed
