Ripple’s XRP token and Cardano (ADA) finally seem to have broken from their chains. Both assets struggled to gain momentum over the last two years and suffered greatly in the bear market. XRP and ADA are breaking out of their resistance levels, hitting new yearly highs.
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Recent XRP & ADA Performance
Ripple’s XRP has breached the $1 mark for the first time in three years. The asset is up by 2.1% in the daily charts, 59.6% in the weekly charts, 99.3% in the 14-day charts, and 104.8% over the previous month. XRP’s price has also risen by 82.2% since November 2023.
Source: CoinGecko
Cardano (ADA) has also experienced an incredible run over the last few weeks. The asset has faced a 0.5% correction in the daily charts but is up 36.5% in the weekly charts, 112.9% in the 14-day charts, and 115.3% over the previous month. ADA has also risen by more than 103% since November 2023.
Source: CoinGecko
While both assets have performed incredibly well over the last few weeks, let’s discuss which will hit an all-time high first.
XRP vs. Cardano: Which Will Hit A New Peak First?
Source: Morningtick.com
XRP is currently down by 67.3% from its all-time high of $3.40. The asset hit its peak in January 2018, nearly seven years ago. The SEC vs. Ripple lawsuit was a significant barrier to XRP’s price over the last few years. The lawsuit most likely held XRP from hitting a new peak during the 2021 bull run.
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ADA, on the other hand, is down by 74.55 from its all-time high of $3.09. ADA hit its peak in September 2021, during the previous bull run.
According to Changelly, Ripple’s XRP token will reclaim its all-time high in April 2029, a little over four years from now.
Source: Changelly
On the other hand, Changelly predicts Cardano (ADA) will reclaim its all-time high in March 2030, a little over five years from now.
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Source: Changelly
Going by Changelly’s analysis, Ripple’s XRP may hit an all-time high sooner than Cardano (ADA).
