Cardano (ADA) has recently crossed the 1 USDT mark after years of struggle, drawing attention from both holders and analysts. As ADA consolidates around this key level, many are questioning whether it will reach 2 USDT before XRP (XRP), which has also seen significant price action.
Cardano (ADA) Continues to Consolidate Around 1USDT
Cardano’s recent surge past the 1 USDT threshold marks an important achievement for the token, particularly as it struggled to regain this psychological level over the past few years. Currently, ADA is consolidating just below 1 USDT, a phase that some analysts view as necessary for redistribution before the next major price movement.
Dan Gambardello, a crypto analyst, sees this consolidation as a positive sign, predicting that once this phase ends, ADA could target higher milestones, such as 5 USDT to 10 USDT. “The ongoing consolidation represents a healthy redistribution phase, which often leads to higher price targets once it concludes,” Gambardello said. While some holders may view this phase as an opportunity to exit, Gambardello believes that Cardano’s long-term prospects remain strong.
As of now, ADA remains the ninth-largest cryptocurrency by market capitalization, and analysts are cautiously optimistic that the token will continue its positive trajectory. However, ADA must overcome the consolidation phase before it can approach new price targets like 2 USDT or higher.
XRP Eyes 2 USDT After Strong Market Rally
XRP has been on an impressive rally, recently surpassing the 1 USDT mark for the first time in three years. The token has faced resistance at 1.60 USDT, but analysts believe that once XRP clears this level, it could quickly target 2 USDT, continuing its upward momentum.
Crypto analyst Armando Pantoja shared his bullish outlook, noting that XRP’s rally is driven by whale accumulation and positive market sentiment. He believes that if XRP can clear 1.60 USDT, it will face minimal resistance in reaching 2 USDT. “The market sentiment for XRP is overwhelmingly bullish, and with strong whale activity supporting the price, XRP looks poised to continue its rally,” Pantoja said.
With analysts expecting XRP to break past 2 USDT soon, the question remains whether Cardano will be able to catch up or even surpass XRP in terms of price. Cardano’s consolidation around 1 USDT may mean it takes longer to reach 2 USDT, while XRP’s rally could see it hitting this level in the near term.