U.Today - Popular on-chain data aggregator has posted a tweet, showing that XRP and ADA have high chances to rebound soon after a recent sell-off that hit the whole cryptocurrency market.
According to the data shared by Santiment, many cryptocurrencies are being sold at a loss now after the high profit taking that hit the market last week. XRP and ADA are among them. However, since these two cryptos arebeing sold-off more than others at low prices, the chances of rebounding for XRP and ADA are growing to become high.
ADA market performance
A week ago, on Friday, ADA printed a massive red candle on the hourly chart, falling 6.83%. After rebounding a little within the next several days, it has dropped 3.27% since June 5. In total, the price fall since last Friday constitutes 4.43%.At the time of writing this article, Cardano’s native coin is changing hands at $0.285 on the Binance exchange.
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XRP price decline
The Ripple-affiliated digital currency XRP has fallen harder than Cardano since last week. The fall began after a 4.72% rise on Sunday, July 2. However, after that by Wednesday, XRP first shed 3.62% and then the decline continued, the coin lost nearly 2% by now. The total price decrease since July 2 has been 5.49% as the coin is trading at $0.4667 at the moment on Binance.Image via At the moment, both ADA and XRP are showing signs of recovery.