XRP news today: Cardano's 15% Weekly Gain Signals Bullish Momentum After 113% Six-Month Surge

Cardano has recently broken free from its price stagnation, indicating a potential for upward movement. Over the past month, the cryptocurrency experienced a nearly 5% decline, but this short-term dip contrasts with a significant 113% gain over the past six months. This volatility reflects periods of market hesitation against a backdrop of sustained investor demand.

Cardano's price range has been between approximately $0.467 and $1.02. The asset faces immediate resistance near $1.37 and solid support at $0.27. Bulls have driven a 15% weekly boost, and the RSI has moderately elevated, suggesting some bullish momentum. However, the monthly drop hints at some seller pressure. Traders might consider buying near the support level, targeting profits around the primary resistance level while keeping an eye on movements towards the secondary resistance zone.

Meanwhile, XRP has shown a pattern of rapid gains followed by periods of consolidation, highlighting its high volatility and strong underlying momentum. Over the last month, XRP dropped nearly 11%, but over a six-month span, it surged more than 325%. The recent pullback does not overshadow the solid long-term strength of XRP.

XRP's current price range is between $1.66 and $2.77, with key support at $1.23 and resistance at $3.45. The market appears balanced between bulls and bears, as neutral indicators like an RSI around 53 suggest no clear trend. Trading strategies may target bounces off support or potential breakouts toward resistance.

In conclusion, ADA has started to rise from its previous sluggish phase, showing signs of upward movement. XRP is gathering momentum near its retrace level, indicating a potential for future gain. Both ADA and XRP now present mid-term opportunities for interested investors. However, it is important to note that this article is provided for informational purposes only and should not be considered as legal, tax, investment, financial, or other advice.