An analyst predicts XRP could surge by nearly 400% if Cardano (ADA) reclaims the $1.89 price level amid the ongoing bull run.
The crypto bull market is intensifying as the new week begins, with top altcoins like XRP and Cardano (ADA) showing impressive price gains. Remarkably, both assets have successfully recaptured the long-lost $0.60 level.
XRP and Cardano Price Movement
XRP hit an intraday peak of $0.6160 on Sunday, which is approximately 25% up from the $0.50 level it traded last week. Notably, XRP was last seen around the $0.61 mark six weeks ago.
Meanwhile, Cardano has rallied even stronger than XRP. Today, ADA touched $0.6523 for the first time in seven months. Notably, ADA’s comeback saw it surge by 51% from a low of $0.4327 to $0.6523 in one day. Meanwhile, XRP’s intraday gain was 12%, rising from $0.5188 to $0.6160.
This price surge in both altcoins follows Bitcoin’s recent all-time high above $80,000, fueling the market’s growing intensity.
Until now, XRP and ADA had been laggards, showing minimal movement in the bull market, leading some critics to label both assets as “dead.” However, the tide is now turning as both coins reclaim multi-week highs.
Now, market analysts believe there’s still more upside potential for these assets, despite the recent explosive gains, with some issuing bold price targets.
Outlook for Cardano
In a recent post on X, a market commentator with the username “Cryptohodlpod” shared his price targets for prominent assets like XRP, ADA, and Bitcoin.
For Bitcoin, he proposed a target of $170K, which represents an additional $90K increase from its current price—a 112.5% gain. Notably, the analyst also suggested ADA could rally to $1.89.
He identified $1.89 as the most promising price target for Cardano this cycle. While still far from ADA’s previous all-time high, this would represent an 83% gain from its current price of $0.65.
XRP Price if ADA Reaches $1.89
As for XRP, the analyst suggested that if ADA reaches $1.89, XRP could peak at $3.01 this cycle. From the current price of $0.61, this would represent a massive 393% upside for XRP. However, even with this surge, XRP would still be well below its all-time high of $3.84.
While this analyst has proposed a conservative outlook for both Cardano and XRP, other market watchers have issued more optimistic predictions. For instance, analyst Ali Martinez has suggested that ADA could hit $7 to $10 in this cycle.
At the same time, several other analysts have suggested similar bullish targets for XRP, which they view as realistic given the current market conditions.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
