NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

XRP Vs. Cardano (ADA), Which Is The Better Investment In 2023?

Jake Simmons
Jake Simmons
1 year ago
3 mins read
XRP vs Cardano ADA

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Cardano (ADA) and XRP are popular entry-level investments in the crypto market due to their low prices below $1. But what are the prospects for both altcoins in 2023? We’ll take a look at the fundamentals as well as the technical analysis perspective.

XRP Prediction 2023

The success of the XRP price this year could largely depend on the outcome of the court case between Ripple and the U.S. Securities and Exchange Commission (SEC). If Ripple manages to leave the courtroom as the winner, the price could skyrocket.

According to current projections, including from Ripple’s legal counsel Stuart Alderoty, the trial could likely end in the second quarter of 2023. A Ripple victory could trigger a reverse effect on the XRP price as of December 2020.

The week the SEC filed its lawsuit, the XRP price fell a whopping -72% in seven days. The price crashed from $0.60 to $0.17. Compared to Bitcoin and Ethereum, XRP still shows a massive undervaluation since the event.

While BTC and ETH are 69% and 68% down from their all-time highs, respectively, the current XRP price is 88% below its all-time high of $3.40. Thus, XRP bulls will be eager to make up for this shortfall.

A Ripple victory could reactivate old and new partnerships. During the Ripple Swell conference in November, CEO Brad Garlinghouse revealed that U.S. banks and companies are in the pipeline as partners once the court case is out of the way, as Bitcoinist reported.

Related Reading

XRP

XRP Bulls Aim For $1 As Crypto Advances With 12% Weekly Pump

2 years ago

Garlinghouse said, among other things: “Bank of America is a huge partner of Ripple,” and went on to explain that “Bank of America stands to gain really big when the settlement happens because they are gonna have a huge competitive advantage over their competitors by using ODL and the marketplace.”

Also, Ripple’s partnership with MoneyGram, which was stalled by the SEC’s lawsuit, could get a new chance. Ripple had already bought shares in MoneyGram amounting to about 10% before the lawsuit.

Due to the SEC lawsuit, both partners amicably ended the partnership and agreed to leave all options open for a new collaboration at a “later” date. Also bullish could be the relisting of XRP on U.S. exchanges like Coinbase, where trading was suspended because of the SEC.

At the same time, a Ripple loss against the SEC could nullify the positive catalysts for the XRP price, and cause a massive dump.

A look at the 1-week chart of XRP shows that the price is currently stuck below the resistance zone at $0.40. Once broken, XRP bulls could target the breakout above $0.60 before the magical $1 price will be the main goal.

Should XRP crush this price as well, the $2 mark would be the next big target, which proved to be an unbreakable resistance in April 2021.

XRP USD
XRP price, 1-week chart | Source: XRPUSD on TradingView.com

Cardano (ADA) Prediction 2023

The Cardano (ADA) price is also 89% below its all-time high of $3.09, which was reached in September 2021. This year, there are major updates in store for the Cardano ecosystem that could impact the ADA price.

The community is currently eagerly awaiting the launch of the layer-2 scaling solution Hydra, which is expected to massively increase transaction throughput and make Cardano one of the fastest blockchains on the market with one million transactions per second (TPS).

In addition, Cardano will see the launch of the stablecoin Djed. This could also be significant for the Cardano DeFi ecosystem.

Related Reading

Cardano (ADA)

Cardano Up 30% Since December As 28 New Whales Hold At least 1 Million ADA

2 years ago

In general, the size of Cardano’s DeFi ecosystem still lags far behind that of Ethereum and other major blockchains. Therefore, the growth of this sector will likely be one of the most important factors for the ADA price.

Another important project for 2023 is Cardano’s own privacy sidechain called “Midnight.” The developers have already been working on this project in secret for several months. It is supposed to be a sidechain of Cardano that will have its own token called “DUST” and anonymously executable smart contracts.

The 1-week chart of Cardano (ADA) shows that the price has managed to break out of the downtrend that has been persisting since April, with a retest currently underway. Should ADA bounce up from this descending trendline, the $0.69 level would be the next major hurdle.

Subsequently, Cardano (ADA) might be able to tackle the psychologically important $1.00 level.

Cardano price ADA USD
ADA price, 1-week chart | Source: ADAUSD on TradingView.com

Which Is Better: XRP Or Cardano (ADA)?

XRP and Cardano (ADA) show similar price behavior over the last two years and have great upside potential due to their strong fundamentals. However, given the unpredictable outcome of the court battle between the SEC and Ripple, XRP has a slightly higher investment risk.

Featured image from Gam-Ol / Pixabay, Chart from TradingView.com

Tweet123Share196ShareSend
Jake Simmons
Jake Simmons

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

Read more

His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

You can engage with his latest takes on Twitter: @realJakeSimmons.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

비트코인, 도지코인 및 밈코인 일제히 상승세... 토큰6900도 따를까?

비트코인, 도지코인 및 밈코인 일제히 상승세… 토큰6900도 따를까?

비트코인이 10만 9천 달러를 돌파하면서, 암호화폐 시장 전반에 강력한 상승 신호를 던지고 있다. 이더리움(Ethereum, $ETH) – up 4.65% 리플(XRP, $XRP)...

Soyeon Lee 1 hour ago
elon musk DOGE

Elon Musk plant onthulling ‘America Party’ – significante invloed op crypto markt verwacht

Er is weer volop reuring rond de naam Elon Musk. Hoewel er na de ruzie tussen Musk en Trump enkele...

Lars Diederiksen 1 hour ago
XRP

Analyst Predicts XRP Price Will Reach $20-$30 — Elliott Wave Theory Holds The Key

Crypto expert XForceGlobal has issued a new bullish forecast for the XRP price, predicting that the third-largest cryptocurrency is gearing...

Scott Matherson 1 hour ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

$400M Crypto Seizure by Secret Service Highlights Why Cold Storage and Best Wallet Are Essential

Aaron Walker 5 minutes ago
xrp price prediction (1)

Μπορεί το XRP να φτάσει πραγματικά τα $2.500 εν μέσω της παγκόσμιας υιοθέτησης και του κλονισμού στην προσφορά;

Ανθή Ντόνκοβα 34 minutes ago
XRP

XRP Could Hit $35 If It Captures A Quarter Of Remittance Market By 2029

Christian Encila 40 minutes ago

Premium Sponsors

Press Releases

  • 2025年にCardano、XRP、Pepeが急騰か?注目の仮想通貨プレセールと次なるミームコインの動向

    ...

    29 minutes ago
  • アルトコイン注目銘柄:2025年7月第1週にチェックすべき4銘柄

    ...

    46 minutes ago
  • 仮想通貨おすすめ|億万長者を生む可能性が高いのはどちらか?XRP対シバイヌ比較

    ...

    1 hour ago
  • XRP vs Shiba Inu Melyik kriptovaluta nagyobb eséllyel tesz milliomossá

    XRP vs Shiba Inu: Melyik kriptovaluta nagyobb eséllyel...

    1 hour ago
  • FUNToken

    FUNToken Announce $5M Giveaway Designed to Boost Adoption

    2 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.