Crypto Feed News shared on CoinMarketCap that Cardano’s (ADA) price recently surged past $1 after a 50% rally in a week, while XRP’s price is trading at $1.46 following its upward momentum. As investors speculate on which token will reach $2 first, a closer analysis of their technical setups and market drivers offers insight into this competitive race.
ADA Chart Analysis: Strong Breakout and Fibonacci Targets
Cardano’s price pushed through the important $0.83 level (50% Fibonacci retracement), showing it’s getting stronger. The next price target sits between $1.13 and $1.22, known as the “golden pocket.” This area tends to be where prices take a breather before moving up again.
However, a move beyond this level could push ADA’s price toward the 78.6% Fibonacci level at $1.76, a critical milestone in its journey to $2.
Historical performance further bolsters ADA’s bullish outlook. During similar market conditions, the token outperformed Bitcoin, recording gains exceeding 400%. Analysts believe this trend could continue, potentially driving ADA toward new highs in the long term.
Additionally, optimism around the resignation of SEC Chair Gary Gensler has alleviated regulatory concerns, particularly benefiting ADA, which has faced scrutiny over its classification as a potential security.
XRP Price Steady Momentum and Key Resistance Levels
Ripple’s XRP has shown consistent upward momentum, reaching $1.46 after a sharp rally in recent weeks. Its price action reflects steady market optimism, further fueled by its favorable outcome in the SEC lawsuit earlier this year. The immediate resistance level for XRP’s price is $1.60, the recent high that the token has yet to break sustainably.
Technically, XRP’s price is trading well above key moving averages, including the 50SMA at $0.6798 and the 200EMA at $0.6514, signaling strong bullish momentum. The MACD also confirms this strength, although flattening histogram bars suggest a potential period of consolidation. Support levels around $1.30 and $1.10–$1.20 provide a safety net in case of short-term pullbacks.
Comparative Outlook: ADA vs. XRP
While these tokens are strong contenders in the race to $2, their paths differ. ADA’s rapid gains and Fibonacci targets indicate the potential for quicker price movements, supported by historical trends and reduced regulatory scrutiny. XRP, however, offers steadier growth, with its momentum driven by a combination of technical and fundamental factors.
Based on current analysis, Cardano’s ADA appears to have a slight edge due to its explosive breakout and bullish Fibonacci levels. While Ripple’s XRP remains a solid performer with robust support, ADA’s price trajectory suggests it could hit $2 first, provided it clears the $1.13–$1.22 resistance zone in the short term. Both tokens, however, continue to attract significant investor attention, making this race one to watch closely.
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