XRP is trading at around $0.59, while Cardano is priced at $0.68. Both coins have shown impressive price movements, but they each face different challenges and technical levels to overcome before reaching the coveted $1 threshold. As the market continues to show bullish momentum, let’s take a closer look at each coin’s potential to reach $1 and what their respective price charts suggest.

XRP’s Struggle to Break Resistance: Will $1 Be Possible?

XRP is currently in the midst of an upward price movement, trading within a triangle pattern, which typically signals a period of consolidation followed by a potential breakout. Over the past few weeks, XRP has seen a 20% surge, surpassing multiple Fibonacci retracement levels, including the 38.20% and 50% levels. At the moment, XRP is testing the 0.618 Fibonacci level at $0.6035, which serves as a crucial resistance point.

According to technical analysts, if XRP can break above this level, the likelihood of reaching the $1 target increases significantly. Based on the Fibonacci retracement tool, potential next price targets for XRP are $0.98 and $1.24, both of which are within striking distance if momentum continues to build.

One key factor that could help propel XRP toward the $1 mark is the potential for a golden crossover between the 50-day and 200-day exponential moving averages (EMA). This is often seen as a strong bullish signal, indicating that XRP could be primed for further gains if it successfully breaks resistance at $0.6035. However, traders should remain cautious and watch for confirmation of the breakout before making any moves.

Cardano’s Strong Momentum: Can It Reach $1 First?

On the other side, Cardano (ADA) has been riding a much stronger bullish wave. In the past six days, Cardano has surged nearly 80%, which is a remarkable rally in such a short period. The price of ADA has surpassed the 61.80% Fibonacci level at $0.54 and is currently trading near the 78.60% Fibonacci level at $0.68.

What makes Cardano particularly interesting right now is the double-bottom reversal pattern that has formed on the price chart. This is a classic technical indicator that suggests a potential trend reversal and further upside. The recent rally has been supported by strong bullish momentum, as evidenced by six consecutive bullish candles on the chart.

Additionally, Cardano has seen a positive crossover between the 50-day and 100-day EMAs, which is often seen as a precursor to a larger price movement. These technical indicators suggest that Cardano is well-positioned to hit the $1 mark before XRP, as its momentum is currently stronger. Based on its Fibonacci levels, ADA’s potential price targets are around $0.99 and $1.36, both of which indicate that the $1 mark is well within reach if the current bullish trend continues.

XRP vs Cardano: Which One Will Hit $1 First?

With both XRP and Cardano showing impressive price action, the question remains: Which one will reach $1 first?

While both coins have the potential to hit $1, Cardano seems to have the upper hand at the moment. The strength of its recent surge, coupled with the clear bullish trend and technical indicators pointing towards further upside, makes ADA a strong candidate to hit $1 first. The recent 80% surge in just six days is a strong signal that Cardano is in the midst of a powerful rally.

However, XRP should not be counted out. The coin is in a strong position to break through its current resistance level at $0.6035, which would pave the way for further gains. If the golden crossover between the 50-day and 200-day EMAs occurs, XRP could see a significant surge, potentially reaching $1 sooner than expected.

Both coins are part of an exciting chapter in the cryptocurrency market, and as the bull run continues to unfold, their price movements will be closely watched. With the ongoing altcoin season, the chances of both XRP and Cardano reaching $1 seem highly probable, but the timing and pace will ultimately depend on how the market evolves.

Conclusion: The Race to $1 in the Crypto Bull Run

The crypto bull run shows no signs of slowing down, and altcoins like XRP and Cardano are at the center of the action. Both coins have shown strong momentum, but Cardano currently appears to have the edge in terms of its near-term potential to reach $1 first. Its impressive 80% surge and favorable technical patterns put it in a prime position to continue its bullish trend.

That said, XRP is not far behind. The coin is positioned for a breakout, and a successful move above the $0.6035 resistance could send its price higher, with $1 as a realistic target in the near future.

Investors should keep a close eye on both coins, as the market conditions and technical developments could change rapidly. Whether you’re an XRP supporter or a Cardano fan, one thing is clear: the race to $1 is on, and both coins are likely to play a pivotal role in the ongoing crypto bull run.