Cardano Vs. Ripple: ADA Records A Mighty Fall While XRP Maintains Stability

• Cardano records 5% slump from $0.056 to $0.053 in a day
• Ripple records 3% decline from $0.32 to $0.31 in a day

This week continues to be one of the slowest for almost of the cryptos. Cardano (ADA) has been affected badly by the slow trends and now trading below $0.055 at $0.053. On the other hand, Ripple (XRP) has also moved downwards since yesterday to trade at $0.31 again. It may take another few days or weeks for these coins to recover and have rising trends. The current market performance depicts further declining trends ahead.

Cardano-Ripple Price Statistics:

As noted on August 7, 2019, at 01:51:03 UTC, ADA coin is trading at $0.053 and it has recorded a downtrend of over 5% since yesterday dipping from $0.056 to its current value. The coin has gained slightly, in the beginning, surging from $0.055 to $0.056 yesterday but has been falling since then. XRP also shares the same story but the fall is a little less. The coin has recorded a downtrend of 3% from $0.32 to $0.31. It first surged from $0.31 to $0.32 yesterday and then started falling drastically.

Apart from the market value of the coins, the market cap has also declined drastically, followed by ROIs, and the 24 h volumes.

Cardano-Ripple Price Prediction:

Cardano and Ripple have performed well in this year. Currently, both the coins are struggling to keep up the pace but it may change soon. ADA may rise up to $0.060 by the weekend while XRP may start trading at $0.32 once again. Towards the month year, ADA may reach up to $0.3 while XRP may cross $0.7.

Conclusion:

This is a good time to plan long-term investments in both the tokens as the prices are low.