XRP, Cardano (ADA) show important signals you do not want to miss ADA CardanoADA CardanoCommunity XRPArmy XRPCommunity XRPHolders $XRP
Santiment's MVRV assesses the probability of future price movement based on the sentimental emotions surrounding an asset at any given time. Whereas assets in the"danger zone" are overvalued, those in the"opportunity zone" are undervalued.
Cardano and XRP appear in the opportunity zone, where prices are more likely to rise, on the chart published by Santiment.XRP has been on a steady rise since March 6. The price increase was accentuated on March 7 following a ruling by Judge Torres to preclude expert testimony.The rally gained further ground as investors considered the possibility that the resolution of the Ripple lawsuit might be closer.
XRP jumped to highs of $0.40 on March 8 before a slight retreat, although it is still trading in the green at press time. At the time of publication, XRP was up 2.3% in the last 24 hours at $0.394 and would be set to mark its fourth straight day of gains.Cardano's ADA has been on a steady decline since Feb. 16 after reaching highs of $0.422.
A bearish crossover of the moving averages lends credence to the onslaught of the bears, but the good news remains the fact that the daily RSI is approaching oversold conditions.
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