Price Analysis

Cardano Vs. Ripple: ADA Records 6% Downtrend While XRP Declines by 3% Within a Day

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  • ADA declines by 6% from $0.064 to $0.060 within a day
  • XRP slumps by 3% in a day from $0.33 to $0.32

This week has brought surging trends for most of the cryptocurrencies and Cardano & Ripple are also part of the group. Although Facebook’s Libra seems to be posing a good amount of threat to hold on the top positions in the coin ladder these currencies have also established a strong presence in the market over the years and may not let go easily. The current market performances of both tokens depict surging trends.

ADA-XRP Price Statistics:

Since yesterday, ADA has declined by 6% dropping from $0.064 to its current value at $0.060 as on July 22, 2019, at 10:54:10 UTC. The same is the case with XRP as well which has slumped from $0.33 to $0.32 recording a 3% dip in a day. The movement of both coins is similar to rise and fall at almost the same places but ADA has shown more prominent movement than Ripple.

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ADA XRP price chart July 22
ADA XRP Price Chart by TradingView
Statistics  Cardano (ADA) Ripple (XRP)
Price  (USD) 0.060 0.32
Price (BTC) 0.00000578 0.00003108
Market Capitalization 1,572,450,187 13,977,863,874
24h volume 49,848,077 973,284,086
Circulating Supply 25,927,070,538 ADA 42,832,704,971 XRP
Return on Investment 180.21% 5,461.09%

ADA’s ROI has increased since last week and so has XRP’s. While XRP seems to be continuing with the rising trends now and may close the day at $0.33 again, ADA may close the day around $0.061.

Cardano-Ripple Price Prediction:

It is a good period for currencies lagging behind to catch up with their counterparts and record growth. Both Cardano and XRP have gone above & beyond to promote their respective tokens in the global markets and ink strategic partnerships that can speed up the entire process. Hence, while ADA may rise as high as $0.150 by the end of the next month, XRP may again shoot up to $0.50. While ADA may trade around $0.3 to $0.5 by the end of the year, XRP may also rise up to $0.7.

Conclusion:

This is the perfect time to plan investments in growing cryptocurrencies like ADA and XRP as the future of these is strong, sustainable, and profitable.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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