Altcoin Analyst Predictions: ADA and XRP Price Forecasts by Credible Crypto and Ekta Mourya
The cryptocurrency market is always full of surprises, with analysts offering their predictions on the future of various altcoins. Recently, two prominent analysts have shared their thoughts on the potential fate of two leading altcoins – ADA and XRP.
Credible Crypto, a pseudonymous analyst, has raised concerns about Cardano (ADA), suggesting that the altcoin could be in for a significant collapse. Despite already correcting over 90% from its all-time high, ADA is still at risk of further downside according to the analyst. Credible Crypto predicts a potential drop of between 57% and 74% for ADA, with downside targets ranging from $0.33 to as low as $0.12. The analyst warns that ADA may have already peaked and could be on the verge of a major downturn.
On the other hand, analyst Ekta Mourya has shared a bearish scenario for XRP, noting that the altcoin has been in a downtrend since reaching a peak of $0.7440 on March 11. XRP has struggled to break above the $0.50 resistance level and has seen a 20% drop in the last week alone. However, there is a possibility of a reversal if XRP manages to close above $0.50, with potential targets at $0.5310 and $0.60. Despite the bearish outlook, some technical indicators suggest a possible turnaround for XRP.
As always, it’s important to remember that these are just predictions and not investment advice. It’s crucial to conduct your own research and make informed decisions when it comes to investing in cryptocurrencies. Stay tuned for more updates on the volatile world of altcoins!
