XRP price and Cardano (ADA) price for 200% profit – which one will get $1 first?
The crypto market's value rose nearly 3 percent in the past 24 hours to $2.52 trillion in London's early session on Wednesday. As the price of Bitcoin (BTC) soared above $65k, the altcoin industry—led by Ethereum(ETH), Ripple's XRP, and Cardano(ADA)—showed an inevitable rally to all-time highs.
In addition, the Bitcoin fear and greed index jumped to about 69 percent, which indicates greed, from 25 percent, high fear, last week.
The main reasons crypto is up today.
Coinpedia reports that the ongoing Mt.Gox crypto payment has become a news buying phenomenon. Moreover, 65 percent of Mt.Gox's creditors have already been paid by the Kraken exchange.
Earlier this week, the US SEC granted preliminary approval for three spot ether ETFs to begin trading on Tuesday next week. With the recent surge in demand for spot Bitcoin ETFs and the nearly $2 billion in cash flows over the past two weeks, speculation about altcoin adoption has skyrocketed.
XRP price returns
Ripple Labs-backed XRP rallied more than 50 percent between July 5 and July 17 to hover around $0.605 at the time of writing. The large-cap altcoin, with a fully minted value of around $60 billion and an average daily trading volume of around $3.3 billion, is on an all-time high parabolic rally.
From a technical point of view, the XRP price has approached the logarithmic weekly resistance that fell following the recent pump. According to popular crypto analyst Captain Fibic, if the bullish momentum continues in the coming weeks, the price of XRP will increase by at least 330%.
XRP buyers are betting on the highly anticipated settlement of the ongoing lawsuit between Ripple and the US SEC.
Cardano (ADA) is ready for takeoff.
After rebounding from the lower boundary of the weekly megaphone, Cardano (ADA) price is well positioned to enter the second phase of the peak bull run.
According to Captain Fibic, the price of ADA has already started the bull cycle, and he expects a 200 percent rally in the medium term.
