XRP Gains Corporate Traction — Could ADA or ALGO Be Next?

Ripple’s XRP token is seeing increased interest from major companies. This shift sparks questions about which digital currencies might be next to attract corporate attention. Investors are watching closely to see if Cardano (ADA) or Algorand (ALGO) could be the next big winners in the crypto space. The article explores which coins are poised for significant growth. XRP Eyes Steady Rise: Will it Smash Through Resistance Levels? Source: tradingview XRP is holding steady between a bit over $2 and $2.30. The price is showing slow but positive change in the past week. Now, XRP eyes a break above its nearest obstacle at $2.48. Strong growth potential is on the horizon if it climbs past this point. It could aim for the next resistance over at $2.80. This would be a jump of over 20% from the current prices, offering excitement to its fans. Despite no huge changes this month or year so far, XRP is setting up for possible growth if it breaks past these marks. If the support at $1.83 holds strong, it could shield from significant drops. Cardano (ADA) Steadies Amid Rollercoaster Ride Source: tradingview Cardano is trading between $0.54 and $0.60, showing some volatility. It faces resistance at $0.63 but enjoys support at $0.50. With the price trending around the same level for both the 10-day and 100-day averages, ADA is stable but cautious. The RSI suggests it’s oversold, hinting at possible upward moves. If it can push past the $0.63 mark, it might climb to $0.70, which would be over a 16% rise. However, recent months saw a drop of nearly 20% in value, dragging down hopes for rapid recovery. In the next swings, Cardano could either try for new highs or test support levels again. Algorand Shows Modest Gains Amidst Long-term Downtrend Source: tradingview Algorand is trading in the range of 16 to 19 cents. The coin has seen slight growth in the past week, with a small increase of about 1.5%. However, its monthly and six-month performances show a downslide, dropping nearly 6% and more than 50% respectively. Despite the short-term uptick, the bearish long-term trend suggests caution. If Algorand can break past the nearest resistance at just over 20 cents, it may climb toward the next resistance level near 24 cents, a potential rise of over 20%. Yet, with its RSI below 50, it hints at continued selling pressure. For growth, Algorand must hold its current levels and push beyond its immediate resistance. Conclusion XRP’s recent success with corporate uptake highlights the potential for other cryptocurrencies. ADA and ALGO stand as strong contenders for similar growth. Both have robust technologies and active development teams. Partnerships and real-world use cases will be crucial. Watching how these projects evolve will provide insight into their future potential. Other cryptocurrencies may also follow suit if they can demonstrate value and utility in the market. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: Bitzo