Crypto & Blockchain Daily Brief Monday, March 18, 2024

The article discusses the price predictions for Ripple (XRP) and Cardano (ADA) as of March 17, 2021. For Ripple (XRP), the article highlights that the price has been struggling to stay above the $0.4500 support level. If XRP fails to stay above this support level, it could lead to a downside break towards the $0.4200 and $0.4000 levels. On the upside, the article mentions that the price must clear the $0.4650 and $0.4800 resistance levels to start a fresh increase. Overall, the price action for XRP seems to be neutral with key support at $0.4500. Regarding Cardano (ADA), the article notes that ADA price is consolidating above the $1.050 support level. If there is a downside break below $1.050, the price could decline towards the $1.000 support level. On the upside, ADA must clear the $1.120 and $1.150 resistance levels to start a strong increase. The overall trend for ADA appears to be positive, with key support at $1.050. In conclusion, the article suggests that both XRP and ADA are facing key support levels, which will determine the direction of their price movements. For XRP, maintaining support at $0.4500 is crucial to avoid a downside break, while ADA needs to hold above $1.050 to sustain its positive trend. Traders and investors are advised to closely monitor these support levels and resistance levels to make informed decisions regarding their positions in XRP and ADA.