Price Analysis

Cardano Vs Ripple: Both ADA and XRP Continue to Showcase Plunging Trends

  • ADA’s 8% decline again concerns traders anticipating coin to maintain surge
  • XRP dips by 3% but remains afloat above $0.30

The week started on a good note for both ADA and XRP. While ADA was able to move beyond $0.060 and rise upto $0.062 yesterday, XRP went beyond $0.33. But, it seems that the surge was only for a brief moment and the coins are back again on the slow track. The current market performance of both Cardano and Ripple show declining trends.

Cardano-Ripple Price Statistics:

ADA has shown a slump of over 8% since yesterday from $0.060 to its current value at $0.055 as on July 23, 2019 at 09:05:12 UTC. On the other hand, XRP has also tumbled from $0.32 to its current value at $0.31 showing a downtrend of over 3% in the past one day. While ADA started the day trading at $0.059 and has been falling sharply since then, XRP started the day trading at $0.3197 and has also fallen to $0.3106 since then.

ADAXRP price chart July 23
ADAXRP Price Chart by TradingView
Statistics Cardano (ADA)Ripple (XRP)
Price  (USD)0.0550.31
Price (BTC)0.00000563830.00003128
Market Capitalization1,461,843,15613,411,355,320
24h volume60,445,7971,155,044,894
Circulating Supply25,927,070,538 ADA42,832,704,971 XRP
Return on Investment157.77%5,207.71%

The ROI of ADA has come down drastically from around 180% yesterday to 157% today. The coin recorded the highest value at $0.062 yesterday but may not be able to move beyond $0.060 today. On the other side, XRP’s highest value yesterday was $0.33 and it may move upto $0.32 today as well.

Cardano-Ripple Price Prediction:

While ADA may rise as high as $0.065 by the end of this month, XRP may cross $0.35 mark. The coins may have been resuming to slow trends again after 2-days of continuous surge but there’s still hope that both ADA and XRP may close the month on a better note. By the end of the year, ADA may get priced between $0.3 and $0.5 while XRP may reach upto $0.7.

Conclusion:

This can be regarded as a good time to plan long-term investments in both ADA and XRP tokens.

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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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