Ripple’s XRP or Cardano’s ADA: Which Will Reach $1 First?
Ripple’s XRP token and Cardano (ADA) are among the most popular cryptocurrencies in the market. Despite their popularity, both crypto assets have faced substantial headwinds over the last few years. XRP has struggled to reclaim the $1 mark since late 2021, while ADA last traded above $1 in April 2022, over two years ago.
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Why Have XRP And ADA Struggled?
XRP’s lacklustre performance over the last few years is likely due to Ripple’s lawsuit with the SEC. The financial watchdog recently settled its suit with the fintech company in the US High Court.
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On the other hand, Cardano’s (ADA) poor performance is likely due to the general bearishness that has loomed over the crypto market in the last couple of years. ADA is one of the most developmentally active crypto projects, but it has failed to garner mass public support since the 2021 bull run.
Which Cryptocurrency Will Hit $1 First?
For Ripple’s XRP token to hit $1, the asset has to rally by more than 81%. ADA, meanwhile, has to rally by more than 212% to reach the same price level.
According to Changelly analysts, XRP may breach the $1 mark in 2025, hitting a potential maximum price of $1.18.
The platform is slightly bearish on Cardano (ADA), predicting the asset to breach the $1 mark in 2027, hitting $1.02 in March of that year.
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Telegaon presents an even more bullish outlook for XRP, predicting the asset to breach the $1 mark in 2024, reaching a potential maximum price of $1.28.
Telegaon paints a similar picture for Cardano (ADA), anticipating the asset to hit a maximum price of $1.15 this year.
