{"id":524111,"date":"2023-03-22T15:30:37","date_gmt":"2023-03-22T15:30:37","guid":{"rendered":"https:\/\/wncen.com\/?p=524111"},"modified":"2024-06-12T09:27:45","modified_gmt":"2024-06-12T09:27:45","slug":"xrp-ada-lead-market-rally-with-double-digit-gains-more-upside-to-come","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/xrp-ada-lead-market-rally-with-double-digit-gains-more-upside-to-come\/","title":{"rendered":"XRP, ADA Lead Market Rally With Double-Digit Gains, More Upside To Come?"},"content":{"rendered":"

There was a bit of an uptick in the crypto market causing Bitcoin to reclaim $28,000, but coins like XRP and ADA have taken it a step further by cornering the market with double-digit gains. Both coins have emerged as two of the best performers this week, speaking volumes to their ability to hold gains going forward.<\/p>\n

XRP, ADA Top The Charts<\/h2>\n

Over the last 24 hours, XRP and ADA have made significant strides in terms of their prices. They have now flipped Bitcoin in terms of performance on the weekly period, even though the pioneer cryptocurrency was in the lead previously.<\/p>\n

While Bitcoin and Ethereum are seeing below 2% in this one-day period, both ADA and XRP have rallied more than 10%. According to data from Coinmarketcap<\/a>, ADA is seeing gains of 10.15% over the last day, while XRP has emerged as the market leader after rising 15.27%.<\/p>\n

\"XRP<\/p>\n

XRP and ADA lead market gains | Source: Coinmarketcap<\/a><\/pre>\n
Both of these assets have defiled the slow trend that was recorded among altcoins which were having a hard time keeping up with Bitcoin\u2019s gains. They are both in the top three list of gainers with Algorand (ALGO) coming in second with gains of 10.38%, just slightly higher than ADA\u2019s.<\/p>\n
Why There Could Be More Rallies To Come<\/h2>\n
Right now, the crypto market is still seeing muted movement because investors are waiting to hear what the Fed decides once the FOMC meeting is concluded on Wednesday. Although expectations are largely positive, there is still some skepticism, especially with the failure of multiple banks over the last month.<\/p>\n
\"Cardano<\/p>\n
ADA price crosses the $3.7 level | Source: ADAUSD on  TradingView.com<\/a><\/pre>\n
If the Fed were to go with the expected 25 basis points interest rate hike, it would be very bullish for the market. As a result, coins like XRP and ADA would likely continue to rally, as well as the broader cryptocurrency market.<\/p>\n
Related Reading: Can Ethereum Fall Below $1,500? Here Are Factors That Could Drive It<\/a><\/div>\n
However, if there were to be a 50 bps rate hike, then it would be incredibly bearish for the market. Risk assets such as cryptocurrencies would suffer the brunt of it, following the lead of the stock market. But the Fed has already shown it is loosening on its hawkish stance, especially with inflation coming out to 6% with the last CPI data release.<\/p>\n
At the time of writing, ADA is trending at $0.3741 while XRP is changing hands at a price of $0.4514. Both assets have seen a significant uptick in their trading volume in the last day, rising 176% and 318%, respectively.<\/p>\n
Follow Best Owie on Twitter<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from Analytics Insight, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
There was a bit of an uptick in the crypto market causing Bitcoin to reclaim $28,000, but coins like XRP and ADA have taken it a step further by cornering the market with double-digit gains. Both coins have emerged as two of the best performers this week, speaking volumes to their ability to hold gains going forward. XRP, ADA Top The Charts Over the last 24 hours, XRP and ADA have made significant strides in terms of their prices. They have now flipped Bitcoin in terms of performance on the weekly period, even though the pioneer cryptocurrency was in the lead previously. While Bitcoin and Ethereum are seeing below 2% in this one-day period, both ADA and XRP have rallied more than 10%. According to data from Coinmarketcap, ADA is seeing gains of 10.15% over the last day, while XRP has emerged as the market leader after rising 15.27%. XRP and ADA lead market gains | Source: Coinmarketcap Both of these assets have defiled the slow trend that was recorded among altcoins which were having a hard time keeping up with Bitcoin\u2019s gains. They are both in the top three list of gainers with Algorand (ALGO) coming in second with gains of 10.38%, just slightly higher than ADA\u2019s. Why There Could Be More Rallies To Come Right now, the crypto market is still seeing muted movement because investors are waiting to hear what the Fed decides once the FOMC meeting is concluded on Wednesday. Although expectations are largely positive, there is still some skepticism, especially with the failure of multiple banks over the last month. ADA price crosses the $3.7 level | Source: ADAUSD on TradingView.com If the Fed were to go with the expected 25 basis points interest rate hike, it would be very bullish for the market. As a result, coins like XRP and ADA would likely continue to rally, as well as the broader cryptocurrency market. Related Reading: Can Ethereum Fall Below $1,500? Here Are Factors That Could Drive It However, if there were to be a 50 bps rate hike, then it would be incredibly bearish for the market. Risk assets such as cryptocurrencies would suffer the brunt of it, following the lead of the stock market. But the Fed has already shown it is loosening on its hawkish stance, especially with inflation coming out to 6% with the last CPI data release. At the time of writing, ADA is trending at $0.3741 while XRP is changing hands at a price of $0.4514. Both assets have seen a significant uptick in their trading volume in the last day, rising 176% and 318%, respectively. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026 Featured image from Analytics Insight, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":524128,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83371,16896,3,16894,83363],"tags":[12333,14643,79508,4531,10972,78763],"class_list":["post-524111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","category-cardano","category-news","category-ripple","category-xrp","tag-ada","tag-adausd","tag-adausdt","tag-xrp","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP, ADA Lead Market Rally With Double-Digit Gains, More Upside To Come?<\/title>\n<meta name=\"description\" content=\"There was a bit of an uptick in the crypto market causing Bitcoin to reclaim 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP, ADA Lead Market Rally With Double-Digit Gains, More Upside To Come?","url":"http:\/\/wncen.com\/news\/xrp-ada-lead-market-rally-with-double-digit-gains-more-upside-to-come\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/xrp-ada-lead-market-rally-with-double-digit-gains-more-upside-to-come\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/ADA-and-XRP.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/ADA-and-XRP.jpeg?fit=900%2C500"},"articleSection":"ADA","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","adausd","adausdt","xrp","xrpusd","xrpusdt"],"dateCreated":"2023-03-22T15:30:37Z","datePublished":"2023-03-22T15:30:37Z","dateModified":"2024-06-12T09:27:45Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP, ADA Lead Market Rally With Double-Digit Gains, More Upside To Come?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/xrp-ada-lead-market-rally-with-double-digit-gains-more-upside-to-come\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/xrp-ada-lead-market-rally-with-double-digit-gains-more-upside-to-come\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/ADA-and-XRP.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/ADA-and-XRP.jpeg?fit=900%2C500\"},\"articleSection\":\"ADA\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"adausd\",\"adausdt\",\"xrp\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2023-03-22T15:30:37Z\",\"datePublished\":\"2023-03-22T15:30:37Z\",\"dateModified\":\"2024-06-12T09:27:45Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/ADA-and-XRP.jpeg?fit=900%2C500","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/524111"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=524111"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/524111\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/524128"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=524111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=524111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=524111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}