XRP and Cardano Make Double-Digit Gains—Do They Reflect Previous Bull Runs? Which Token Could Take Shiba Inu’s Throne?

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XRP (XRP)

XRP (XRP) has seen significant volatility in recent times. Over the past week, its price dropped by 25.46%, landing within the current range of $2.22 to $2.95. Despite this short-term decline, the cryptocurrency has experienced impressive growth over the longer term, with a 263.24% increase in the past month and a 313.35% rise over the last six months.

Technical indicators present a mixed outlook. The Relative Strength Index (RSI) is at 37.29, suggesting that XRP is approaching oversold territory. The Stochastic oscillator sits at 24.11, which may indicate potential for a price correction. The Simple Moving Average over 10 days is $2.13, compared to the 100-day SMA of $2.41, hinting at recent bearish momentum.

Key levels to watch are the nearest support at $1.83 and resistance at $3.30. If the price moves below the support, the next level is $1.09. On the upside, breaking past the resistance could lead to testing the second resistance level at $4.03. These levels represent significant percentage changes from the current price range, and traders are monitoring them closely.

Cardano (ADA)

Cardano (ADA) has seen significant price movement recently. In the past week, its price fell by 21.03%, landing between $1.06 and $1.33. Despite this drop, ADA’s price surged by 91.15% over the last month. Over six months, it has risen by 116.89%, highlighting strong long-term growth.

Technical indicators are mixed for ADA. The Relative Strength Index (RSI) is around 38.3, suggesting approaching oversold conditions. The Stochastic is near 23.0, also pointing to potential overselling. The MACD level is negative at -0.0358, indicating bearish momentum. The 10-day Simple Moving Average is $0.98, below the 100-day average of $1.14, which can be a bearish signal.

ADA faces resistance at $1.46. Breaking above this could lead to the next target at $1.73, offering potential gains of about 10% and 30%. The nearest support is at $0.92; dropping to this level would mean a decrease of roughly 13%. A further drop to the second support at $0.65 would imply more significant losses. Given the oversold indicators, there may be room for a rebound, but bearish signals suggest caution.

Shiba Inu (SHIB)

Shiba Inu (SHIB) has experienced notable price fluctuations recently. In the past week, its price decreased by 15.80%. Despite this short-term drop, the token saw a 22.75% increase over the past month and a 13.46% rise in the last six months. Currently, SHIB is trading between $0.00002805 and $0.00003489.

The coin’s nearest resistance level is at $0.00003759. Breaking this could lead SHIB towards the second resistance at $0.00004442. On the support side, the nearest level is $0.00002390, with a secondary support at $0.00001706. The 10-day Simple Moving Average is $0.00002613, which is below the current price, indicating a recent upward trend. The 100-day Simple Moving Average stands at $0.00003024.

Technical indicators suggest potential movement. The Relative Strength Index is at 37.11, hinting that SHIB is approaching oversold territory. The Stochastic indicator reads 21.90, also suggesting possible upward momentum. The MACD level is slightly negative at -9.962e-7, reflecting mild bearish sentiment. Considering these factors, SHIB’s price may test its resistance levels soon if buying pressure increases.