Price Analysis

Cardano Vs. Ripple Price Analysis: ADA and XRP Had Mighty Fall After Day Long Surge

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  • Cardano records 3% downtrend since yesterday declining from $0.061 to $0.059
  • XRP records 3$ dip since yesterday slumping from $0.32 to $0.31

It has not been the most likable start of a new month from the crypto world but it can sure be called a stable one. The coins including Cardano (ADA) and Ripple (XRP) have not shown any sudden dips or surge in the last few days and continue to maintain the same pattern now as well. The current market performances of both coins also indicate that the trends are decent now and may go bullish anytime.

Cardano-Ripple Current Statistics:

There has been a 3% downtrend in the values of both ADA and XRP since yesterday. While ADA dipped from $0.061 to its current value at $0.059 as on August 1, 2019, at 04:25:49 UTC, XRP also declined from $0.32 to its current value at $0.31. This may continue for a while and the coins may close the day on a lower note.

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Cardano Vs. Ripple Price Chart

Statistics Cardano (ADA) Ripple (XRP)
Price  (USD) 0.060 0.31
Price (BTC) 0.00000593 0.00003172
Market Capitalization 1,540,751,679 13,616,840,277
24h volume 44,965,264 981,862,354
Circulating Supply 25,927,070,538 ADA 42,872,646,068 XRP
Return on Investment 174.34% 5,313.99%

 

The ROIs of both coins have also slumped along with the prices and market caps and it may take another 2-3 days for the coins to resume back to rising trends. ADA may reach up to $0.065 by the next week and XRP may start moving within $0.35 in the next week.

Cardano Vs. Ripple Price Prediction:

It is stable price movements from both ADA and XRP. Both tokens have a range set and are not dipping or rising beyond it. In the next couple of weeks, however, ADA may rise up to $0.070 while XRP may rise up to $0.35. The coins may also cross their respective 30-days high values by the end of the next month.

Conclusion:

It is a good time to plan long term investments in both ADA and XRP tokens as prices are relatively low but may go bullish soon.

 

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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