XRP vs Cardano: Which Altcoin Will Hit $1 First in This Crypto Bull Run?

XRP is trading at $0.59, challenging resistance at the $0.618 Fibonacci level ($0.6035), with upcoming targets at $0.98 and $1.24.

As the crypto market begins the altcoin season, there have been heated discussions regarding whether XRP or Cardano will reach the $1 mark first. Both XRP and Cardano are currently trading at similar levels, but a closer analysis of their price charts reveals varying strengths in their bull runs, ultimately increasing the chances of one altcoin reaching $1 before the other.

Let’s quickly analyze the Cardano and XRP price charts to assess the probability of these altcoins hitting the $1 mark in this crypto bull run.

Triangle Breakout in XRP Eyes $1

The XRP price trend showcases a positive cycle within a triangle pattern. This bull cycle accounts for a 20% surge and has seen XRP surpass the 38.20% Fibonacci level at $0.001, $0.002, and the 50% Fibonacci level at $0.58.

Currently, XRP is trading at $0.59 and is poised to challenge the overhead resistance. However, the XRP price trend may encounter crucial resistance at the 0.618 Fibonacci level, priced at $0.6035.

Hence, price action traders should wait for the XRP price to break above this crucial resistance, which will bolster its chances of reaching the $1 mark. Based on the Fibonacci retracement tool, the upcoming price targets for XRP are $0.98 and $1.24.

Supporting this bullish trend, the 50-day and 200-day exponential moving averages (EMA) are teasing a golden crossover.

Cardano’s 80% Surge Eyes $1 Ahead

The ADA price action shows a defined bullish trend in action. With a double-bottom reversal, the XRP price has increased by nearly 80% in the past six days, resulting in six consecutive bullish candles.

It has already breached the 61.80% Fibonacci level at $0.54. Currently, it is pricing operations from the 78.60% Fibonacci level at $0.68. Despite trading at similar levels to XRP, the stronger bullish momentum in Cardano increases its chances of reaching the $1 mark before XRP.

With a positive crossover between the 50-day and 100-day EMA, the chances of a golden crossover have increased significantly. Based on the Fibonacci level, the price targets for XRP are $0.99 and $1.36.

Will XRP and Cardano Price Hit $1?

With an ongoing bull run, Cardano shows increased chances of reaching the $1 mark before XRP. Similarly, the breakout rally will improve the chances of XRP reaching the $1 mark. Hence, the XRP and Cardano prices will likely hit $1 in his crypto bull run!

Curious to know the future price trend in XRP beyond $1. Read Coinpedia’s XRP price prediction to learn more.

FAQs

Which cryptocurrency will reach $1 first, XRP or Cardano?

Cardano currently shows a stronger bullish trend, making it more likely to reach $1 before XRP.

What is the critical resistance for XRP before reaching $1?

XRP faces critical resistance at $0.6035 (0.618 Fibonacci level) and has price targets of $0.98 and $1.24.

What technical indicators support Cardano’s bullish trend?

With strong momentum, EMA crossovers, and bullish Fibonacci levels, Cardano’s trend suggests further upside potential.

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