Crypto analyst David expects a 30 percent run from RDNT. Analyst Lockridge Okoth predicts that XRP is poised for a 20 percent move. Guy Turner, the host of Coin Bureau, predicts that the leading altcoin rival Cardano will rise strongly.
RDNT price prediction: Altcoin price is poised to break key resistance
Radiant Capital (RDNT) price has been on the rise since reaching a yearly low of $0.19 in early September 2023. Since then, the upward momentum has been gradual. During the week of November 20-26, the altcoin price formed a higher bottom (green arrow). It also formed a sequence of 5 consecutive bullish candles. Volume has also increased in the last 5 weeks. This suggests that any selling pressure at higher levels has been absorbed.
Currently, RDNT price is forming the 6th bullish candle. Thus, it is moving above the key $0.33 resistance zone. This is the last resistance zone, confirming that the long-term trend is bullish. Meanwhile, the weekly RSI (Relative Strength Index) has risen above the 50 level. Also, it is trending upward. This supports the potential breakout. If the break occurs, it is possible for the altcoin price to rise to the next resistance zone at $0.45. This represents an increase of 31.32% from the current level.
The most likely scenario shows that the price of RDNT will continue to rise in the near future. The potential target for this move is $0.45. This bullish view will be invalidated if RDNT price closes a weekly candle below the $0.33 level.
XRP price prediction: Ripple is preparing for a possible 20% climb
With the elimination of inefficiency in the market, Ripple price is preparing to recover. The RSI for the altcoin indicates rising momentum. Additionally, the ADX shows that the ongoing recovery is steadily gaining strength. Increasing buying pressure above current levels could see XRP price move back into the crease of the ascending wedge above $0.6000. Further north, the altcoin is likely to break the upper boundary of the ascending wedge and tag the $0.6500 level.
In the event of a strong uptrend, gains may extend for XRP price to gather sell-side liquidity above to tag the $0.7000 psychological level. Such a move would mean a 20% rise above current levels.
Early profit booking by traders following Wednesday’s losses could cause the XRP price to push south, potentially revisiting FVG. A breakout and close below the middle line of this order block at $0.5023 would confirm the continuation of the downtrend. This extended decline will likely lead the altcoin price to reach the low range at $0.4174.
ADA price prediction: Over 70% increase possible for altcoin
Coin Bureau host Guy Turner says Ethereum rival is poised to increase its current value by more than 74%. The analyst states that Cardano (ADA) may be printing a bullish formation. In this context, Turner makes the following statement:
The collapse that altcoins experienced in October appears to be due to their correlation with small-cap stocks. The reason why small-cap stocks crashed was because long-term interest rates were rising rapidly. Since October, long-term interest rates have fallen at the same rate, resulting in the price of ADA increasing almost 3 times. Its weekly chart shows that it may be in the process of drawing a bull flag. If this happens, ADA could rise to $1 as it is the next major resistance zone.
The opinions and predictions in the article belong to the analysts and are definitely not investment advice. cryptokoin.com As, we strongly recommend that you do your own research before investing.
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