- Last week, sentiment around XRP (XRP) and ADA (ADA) remained negative.
- Both tokens are expected to rise in price, according to metrics and market indicators
Most investors have enjoyed profits in recent months, but not all. Cardano [ADA] You can also find out more about the following: XRP. The supply of profits was much less than those of top cryptos, like Bitcoin [BTC].
XRP, ADA and their underwhelming performance
Santiment has recently been posted. tweet Some of the most profitable cryptos are highlighted. BTC and ETH topped this list with 98.3% & 95.1% respectively.
XRP, however, did not look so good as 78% of the supply was profitable. ADA’s numbers were even worse as only 58% of the ADA supply was profitable.
AMBCrypto analyzed Santiment data and found that the sentiment of both tokens remained negative for most of last week.
It was evident that the sentiment on this market is bearish.
XRP’s prices also remained sluggish in the past week, as they only moved marginally up. According to CoinMarketCapAs of the date of this writing, XRP had a value of $0.5239 and a total market cap of $29 Billion.
ADA, on the other hand, looked very optimistic. Its chart for each week showed a rise of more than 3%. ADA’s value was $0.4653 at the time of press and its market capitalization exceeded $16.6 billion.
How much profit can investors expect from XRP or ADA?
AMBCrypto analyzed the data on their chain to determine if these tokens were due for a rise in price, and thereby help investors make profits.
Our analysis of Santiment’s data shows that both tokens have seen their MVRV rates improve over the last seven days, which is positive.
Aside from that, the fear and desire indexes of both tokens stood at neutral values as we went to press. The possibility that their prices could become volatile was not ruled out.
After analyzing their charts, we looked at the signals. In the past few weeks, XRP has shown a pattern of bullish consolidation.
It was about to breakout at the time of publication. If the breakout is successful, XRP could retest March’s highs within weeks.
Click Here to Read Ripple’s [XRP] Price Prediction 2024-25
Cardano’s Money Flow Index has seen a significant increase. Relative Strength Index moved also northwards, indicating a strong likelihood of a rise in price.
The Chaikin Money Flow looked problematic as it moved southward.
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Source: ambcrypto.com