Amid the overall decline in the cryptocurrency market, XRP and ADA are showing notable growth compared to other assets.
Cryptocurrency Market Overview
The cryptocurrency market is down today. Bitcoin (BTC) fell below $90,000, Ethereum (ETH) is above $3,000, and DOGE and SHIB have dropped by 5-8%.
XRP Price Rise: Causes and Prospects
XRP has risen to $0.9, reaching a 16-month peak despite the market decline. This rise is associated with expectations of the resignation of current SEC chairman Gary Gensler. XRP's market cap has exceeded $50 billion. In the future, XRP, according to analyst CryptoBull, could reach $23.
Analysis of ADA's Climb
Cardano's token is also experiencing significant growth. This is related to statements by IOG founder Charles Hoskinson about joining a group to create a regulatory framework for cryptocurrency. ADA increased by 19% over the last day and is trading above $0.66.
XRP and ADA are demonstrating noticeable growth despite the decline of major cryptocurrencies, pointing to various factors influencing these assets' valuation.
