- Ripple’s XRP token and Cardano (ADA) have displayed incredible performance in November, breaking out of their resistance levels and hitting new yearly highs.
- Changelly predicts that Ripple’s XRP will reclaim its all-time high in April 2029, while Cardano’s ADA will reclaim its all-time high in March 2030.
- Based on Changelly’s analysis, Ripple’s XRP may hit an all-time high sooner than Cardano’s ADA.
Ripple’s XRP token and Cardano’s ADA have broken out from their multi-year slumps, hitting new yearly highs. After struggling for years, both assets seem to have gained strong momentum. But which will be the first to reach a new all-time high? Let’s take a closer look at their recent price action and predictions.
XRP Breaches $1 For First Time in Years
Ripple’s XRP has surged past the $1 mark for the first time in three years. The asset is up 21% in the daily charts, 596% in the weekly charts, 993% in the 14-day charts, and 1048% over the previous month. XRP’s price has also risen 822% since November 2023.
ADA Soars Over 100% Since November
Cardano’s ADA has also seen an incredible run lately. Despite a 0.5% correction daily, ADA is up 365% weekly, 1129% in 14 days, and 1153% monthly. The asset has also gained over 103% since November 2023.
source: coingecko
XRP Currently 67% Below All-Time High
XRP is currently down 67.3% from its all-time high of $3.40, which it hit in January 2018. The SEC lawsuit against Ripple likely prevented XRP from setting a new record high in 2021.
ADA Down 75% From All-Time High
Meanwhile, ADA is down 74.55% from its all-time peak of $3.09 set in September 2021.
Analysts Predict XRP Will Hit New High First
According to Changelly, XRP will reclaim its record high in April 2029, a little over four years from now. On the other hand, they estimate ADA will retake its peak in March 2030, just over five years away.
Based on these predictions, XRP may be the first between the two to reach new all-time highs. However, crypto markets are notoriously difficult to forecast long-term. Either way, both assets seem to be gaining momentum after a multi-year lull.
Conclusion
After struggling for years, XRP and ADA are suddenly surging to new highs in 2024. While XRP may be closer to reclaiming its record peak, only time will tell which asset will get there first. But for now, holders of both coins are likely celebrating their renewed momentum.
