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Cryptocurrencies Price Prediction: Cardano, Terra & Ripple — Asian Wrap 03 Mar

Cryptocurrencies Price Prediction: Cardano, Terra & Ripple — Asian Wrap 03 Mar
FXStreet TeamFXStreet TeamFXStreet

Cardano price sets sight on $1.20 while ADA looks for a launchpad

Cardano price is struggling to move beyond a crucial support level even as Bitcoin consolidates. The recent uptrend faced rejection and is currently heading lower to look for a stable support level and trigger a new rally. ADA is likely to bounce off the $0.842 to $0.916 demand zone, triggering a 31% ascent to $1.20.

Terra outperforms all major cryptocurrencies, but LUNA pullback to $74 likely

Terra price has had a massive rally over the past week and a half. From the February 20, 2022 low of 47.30, LUNA has moved as high as $93.30, more than doubling LUNA in just ten days. However, the extreme of the move is now showing signs of exhaustion, and a pullback may be coming soon.

XRP coiled and ready to spring more than 33% despite continued SEC concerns

XRP price action was rejected from completing an Ideal Bullish Ichimoku Breakout on Monday and Tuesday but continued to push higher closes. XRP is now in between a constricted zone of support and resistance. A clear breakout has yet to occur but could be imminent.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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