Cardano and XRP are facing key support and resistance levels defining their future market movements.
Cardano Shows Resilience
Last month, Cardano saw minimal change at -0.16% while the past six months recorded a robust rise of 79.26%. The price remained in the range of $0.44 to $0.89, reflecting sustained investor interest despite recent corrections. Key support levels are around $0.2557, and resistance is at $1.1457. An RSI of 38.39 suggests bears dominate in the short term, but a bounce from support may attract buyers.
XRP: From Surge to Correction
XRP delivered a significant gain of 240.56% over six months, but recently faced a 5.24% decline in the last month and a 16.72% drop over the past week. The coin traded between $1.60 and $2.88. Support is found at $1.06, while resistance appears at $3.61 and a secondary level at $4.89. Key indicators show a bearish trend in the short term. Traders should consider buying near support and selling as prices approach resistance zones.
Conclusion
Cardano and XRP are at critical support levels, and their subsequent moves will be crucial in determining the short-term price trend. Investors and traders should watch market dynamics for direction clues.
Both Cardano and XRP are at a crucial juncture, and their next steps will be vital in determining short-term price movement.
