Cardano (ADA) and XRP (XRP) Gain Momentum as Bullish Sentiment Rises Post-Bitcoin Recovery, While Lunex Network's Presale Exceeds $1M

DEX cryptos tend to thrive during market hype, and Lunex Network’s interoperability features and accessibility have positioned the new project for growth.

Cardano and XRP prices have shown signs of potential rallies as a result of broader bullish sentiments following Bitcoin’s price recovery. Meanwhile, the Lunex Network presale has attracted investor interest with its unique cross-sectional exchange. Here's a closer look at each development.

Cardano (ADA) and XRP (XRP) have caught the attention of investors as they show signs of potential rallies. Their recent price increases reflect broader bullish sentiments across the crypto space following Bitcoin’s price recovery. The move has instilled renewed confidence in the market, with various cryptos, including Cardano and XRP, benefitting from the shift in sentiment.

Meanwhile, the Lunex Network presale continues to heat up. Its unique cross-sectional exchange has drawn considerable investor interest. It has already raised over $1 million and delivered a 25% ROI at stage three of its presale campaign. As such, experts believe that this new project has the potential for significant returns during the bull run.

Cardano price analysis: Could ADA price reach $0.50 soon?

Cardano has faced multiple resistance after recording a yearly high of $0.77 in March, with its most recent level forming around the $0.40 region. Over the past months, the ADA token has found strong support around the $0.33 level but with a falling relative strength index of 50. This reflects that the ADA coin could be losing its current foothold. If this were to happen, avalanche and Shiba Inu tokens could flip Cardano’s market capitalization, which is around the $12 billion mark.

Historically, Cardano holders are known for their tendency to sell during moments of volatility, but these investors have exhibited unexpected shifts in attitude. This shift in sentiment has positioned Cardano to potentially break its critical level of $0.50, which could mark the start of a more sustained upward trend.

Cardano technical indicators signal a potential breakout. The altcoin has moved closer, surpassing its Leading Span A on the one-day chart, which highlights that it has geared up to overcome the resistance level that was causing selling pressures.

If the ADA token breaks above the Leading Span A, it could aim for the next target, the Leading Span B. This will propel Cardano’s price towards a 32% gain, pushing its value around the $0.50 mark. However, if the bullish momentum weakens, the ADA coin could fall, dropping the first resistance level and retreating to $0.27.

Interestingly, the strength of Cardano short-term holders and its critical technical indicators will play a vital role in determining whether ADA can break above $0.50 in the near term.

Can XRP price reach $2 post Ripple’s RLUSD launch?

Recent news from Ripple regarding the launch of its RLUSD stablecoin has sparked speculation among crypto enthusiasts about its potential impact on XRP price. Some analysts believe that just like the SEC vs. Ripple lawsuit, which triggered massive volatility to the upside, the RLUSD launch will likely have a similar effect on XRP price.

XRP technical indicators suggest a positive sentiment, with the XRP token targeting the $1 mark in the short term. Its daily XRP price chart indicates range-bound movement in the yearly Volume Weighted Price Average (VWAP) with one standard deviation. The blue line at the center of the annual VWAP and the green lines on either side are one deviation apart. At the moment, XRP price trades under the yearly VWAP at $0.561, which is just below its daily resistance of $0.556.

If the RLUSD stablecoin launches, a breakout above the aforementioned levels is possible. Its first critical point will be $0.635. Beyond this barrier, crypto enthusiasts will watch the $1 psychological level. However, in case of massively increased volatility, the XRP’s price could easily surpass these short-term resistance barriers to reach the $2 level.

Lunex Network: A new game-changer in crypto trading

DEX cryptos tend to thrive during market hype, and Lunex Network’s interoperability features and accessibility have positioned the new project for growth. It introduces a hybrid cross-sectional exchange, enabling users to trade over 50,000 assets swiftly and with minimal fees. Another notable feature is the elimination of KYC protocols, which has appealed to traders and investors who prioritize privacy and a seamless trading process.

Lunex Network has removed the need for third-party wallets like PhantomWallet, thereby mitigating risks associated with wallet integration. Moreover, it leverages a deep liquidity pool to ensure a tight spread and zero slippage during transactions. This will allow fast and efficient trading that was never available with traditional DEXes. This, coupled with an additional revenue share model, has led experts to predict that Lunex could reshape the competitive landscape of crypto exchanges.

At stage 4 presale, LNEX tokens are selling for $0.0017. Analysts believe that this project could

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