$XRP $ADA XRP is Up 7%: Experts Believe More is On the Horizon
XRP has soared 7% over the past 24 hours to $3.17. Many see this as a direct impact of US President Donald Trump naming crypto advocate Mark Uyeda as the new acting Securities and Exchange Commission (SEC) Chair. The announcement notably resulted in significant buying activity in the XRP spot market and investment products.
To put things into perspective, Ripple has been involved in a highly publicized legal battle with the SEC. With a change of leadership, Ripple might breathe fresh air. This has led to bullish predictions of a surge to about $10 by year’s end.While the token has remained stable, its DeFi coin price hasn’t experienced the sharp rises seen in other cryptos. Investors who want fast gains might start looking elsewhere.Cardano Founder In Talks With Ripple CEOAs Ripple continues to recover, there seem to be good prospects for its newfound buddy, Cardano. Recall that in a surprising turn of events, Cardano’s founder, Charles Hoskinson, and Ripple’s CEO, Brad Garlinghouse, have been revealed to have had a conversation. The outcome is said to be towards a partnership that could influence the fates of ADA and XRP tokens.In addition to the brewing partnership, Cardano is known for being reliable and innovative. It uses a system that saves energy while handling transactions. Developers also rely on smart contracts to create new applications. Cardano focuses on building a solid foundation for the future of blockchain.ADA’s current market price of $1.00 reflects a steady but unspectacular performance. For some, this reliability is a plus. For others, it lacks the excitement they seek in crypto investments.
