The crypto market is showing intensified bullish momentum this week with notable price jumps for XRP and Cardano.
XRP and Cardano Price Movement
XRP hit an intraday peak of $0.6160 on Sunday, which is approximately 25% up from last week's $0.50. Cardano, meanwhile, has shown even more substantial growth, reaching $0.6523 for the first time in seven months. This price surge follows Bitcoin’s recent all-time high above $80,000, fueling market dynamics.
Outlook for Cardano
Analysts note that Cardano has significant growth potential. An analyst with the username 'Cryptohodlpod' proposed a target price of $1.89 for Cardano, indicating an 83% increase from its current value.
XRP Price if ADA Reaches $1.89
The same analyst suggests that if Cardano hits $1.89, XRP could reach $3.01, which represents a 393% increase from its current level of $0.61.
While analysts provide reasonable forecasts for Cardano and XRP, the growing interest in cryptocurrencies could lead to even higher price levels and forecasts for these assets.
