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Cardano Poised For $2 Breakout And XRP Could Reach $5 Soon – Key Bullish Signals For ADA & XRP

Cardano is nearing a significant price rise, and XRP is also showing strong potential. These cryptocurrencies are catching the eyes of investors with promising growth signals. Dive into the analysis of why Cardano could hit $2 and XRP might reach $5 soon. Discover the key factors driving this expected upward movement. Cardano Shows Strong Long-Term Momentum Despite Recent Lull During the past month, Cardano experienced a minor dip of 0.26% despite a healthy weekly gain of 9.56%. Over the half-year period, a striking increase of 91.04% highlights notable investor interest and a period of significant upward movement. These figures reveal a coin that has built momentum over time, even though recent short-term performance appears subdued. Currently, Cardano trades within a range of $0.44 to $0.88 with a nearby resistance at $1.15 and support at $0.25. Indicators such as an RSI of 52.06 and a near-neutral Awesome Oscillator suggest a balanced market with a slight tilt toward bulls. Trading strategies could focus on buying within this range and monitoring moves toward key resistance levels for potential exits. XRP Market Insights: Past Trends and Current Price Dynamics XRP price declined by 4.45% over the past month, while a staggering 316.93% gain over six months underscores a strong long-term rally. A weekly increase of 7.74% hints at periodic momentum despite recent pullbacks. Historical performance shows volatility with significant upward movements punctuating shorter-term dips. The data highlights potential strength when examined across different periods, reflecting both short-term fluctuations and a robust long-term recovery signal. Current levels show a trading range from $1.60 to $2.88, with support near $1.06 and resistance at $3.61, followed by a secondary resistance at $4.89. Bulls and bears appear relatively balanced, with no clear trend dominating. Traders may look to buy near support and sell at resistance if bulls can push the price higher while monitoring key indicator signals. Conclusion ADA shows strong potential to reach the $2 mark. XRP is also demonstrating signs that it could soon hit $5. Both coins are exhibiting bullish trends. Investors are closely watching the market for a potential breakout. The sustained momentum could lead to significant gains for both ADA and XRP. The current market indicators suggest promising times ahead for these cryptocurrencies. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. CoinTurk News

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Ethereum Price Consolidates After Pullback—Is a Fresh Move Coming?

Ethereum price remained supported above the $1,980 level. ETH is now rising and might aim for a move above the $2,050 resistance. Ethereum corrected lower and tested the $1,980 support level. The price is trading below $2,040 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,050 and $2,100 resistance levels to start a decent increase. Ethereum Price Faces Resistance Ethereum price failed to continue higher above $2,100 and corrected some gains, like Bitcoin . ETH declined below the $2,020 and $2,000 support levels. It tested the $1,980 zone. A low was formed at $1,982 and the price is again rising . There was a move above the $2,000 level. The price surpassed the 23.6% Fib retracement level of the recent decline from the $2,097 swing high to the $1,982 low. Ethereum price is now trading below $2,040 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $2,050 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,040 level and the 50% Fib retracement level of the recent decline from the $2,097 swing high to the $1,982 low. The next key resistance is near the $2,050 level. The first major resistance is near the $2,100 level. A clear move above the $2,100 resistance might send the price toward the $2,150 resistance. An upside break above the $2,150 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,320 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,050 resistance, it could start another decline. Initial support on the downside is near the $2,000 level. The first major support sits near the $1,980 zone. A clear move below the $1,980 support might push the price toward the $1,920 support and the trend line. Any more losses might send the price toward the $1,880 support level in the near term. The next key support sits at $1,810. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,000 Major Resistance Level – $2,050 CoinTurk News