Cardano, XRP, and Avalanche enter August 4 with very different price setups. ADA price is testing an important resistance area, XRP price remains trapped inside a wide range, and AVAX price has recorded a strong recovery.
Technical indicators offer useful clues about what could happen next. Cardano and Avalanche currently have bullish readings across several indicators. XRP presents a more cautious outlook because some of its momentum indicators still favor sellers.
What you'll learn 👉
Cardano Price Could Reach $0.21 After Breaking the $0.199 Resistance
Cardano price has traded mainly between $0.190 and $0.199 since Monday afternoon. ADA price has gradually moved higher since the end of July, which keeps the short term outlook positive.
Buyers must break the resistance near $0.199 before Cardano can extend its recovery. A confirmed move above that level could take ADA price toward $0.21 today. Failure to remain above $0.190 would weaken the current setup and could send Cardano toward $0.181.
The Relative Strength Index stands at 69.357 and favors buyers. However, its closeness to the overbought level means ADA price could face selling pressure near resistance.
The Stochastic reading of 62.509 supports further growth without showing extreme market conditions. Cardano’s positive MACD value of 0.006 confirms that bullish momentum remains present. The Ultimate Oscillator stands at 60.478 and supports the current buying pressure across several periods.
| Indicator | Value | Action |
|---|---|---|
| RSI (14) | 69.357 | Buy |
| STOCH (9,6) | 62.509 | Buy |
| MACD (12,26) | 0.006 | Buy |
| Ultimate Oscillator | 60.478 | Buy |
Cardano Price Prediction for Today
Bullish scenario: ADA price could climb toward $0.21 if buyers push it above $0.199 and maintain the breakout.
Neutral scenario: Cardano could continue trading between $0.190 and $0.199 if neither side gains firm control.
Bearish scenario: A break below $0.190 could weaken ADA price and expose the lower support near $0.181.
XRP Price Could Remain Between $1.066 and $1.085 Today
XRP price has traded mainly between $1.066 and $1.085 since Sunday. Several attempts to escape above or below this range have failed, which leaves XRP without a confirmed direction.
XRP currently trades near $1.074. A breakout above $1.085 could open the path toward $1.095 today. A decline below $1.066 could take XRP price toward $1.057.
The Relative Strength Index stands at 50.713 and gives a neutral reading. Buyers and sellers currently have similar strength based on this indicator.
The Stochastic indicator reads 49.194 and supports further consolidation. XRP’s MACD value stands at 0 and favors sellers because positive momentum remains absent. The Ultimate Oscillator stands at 42.456 and adds more pressure to the bullish outlook.
| Indicator | Value | Action |
|---|---|---|
| RSI (14) | 50.713 | Neutral |
| STOCH (9,6) | 49.194 | Neutral |
| MACD (12,26) | 0 | Sell |
| Ultimate Oscillator | 42.456 | Sell |
XRP Price Prediction for Today
Bullish scenario: XRP price could reach $1.095 after a confirmed breakout above the $1.085 resistance.
Neutral scenario: XRP could spend the remaining hours between $1.066 and $1.085 as consolidation continues.
Bearish scenario: A breakdown below $1.066 could take XRP price toward $1.057 before another recovery attempt develops.
Avalanche Price Could Retest $6.98 After Its 6% Increase
Avalanche price recorded an increase of about 6% during the latest 4 hour trading session. AVAX reached resistance near $6.98 before returning to approximately $6.83.
A move above $6.90 could renew bullish momentum and help AVAX price challenge $6.98 again. Buyers could target higher levels if Avalanche clears that resistance.
The first important support remains near $6.77. A break below this level would weaken the bullish outlook and could take Avalanche toward $6.60. Further losses below $6.60 could expose AVAX price to $6.40 today.
The Relative Strength Index stands at 64.187 and favors buyers. However, AVAX price is moving closer to conditions where selling pressure could increase.
The Stochastic indicator stands at 56.426 and leaves room for further growth. Avalanche’s positive MACD reading of 0.07 supports the recent price recovery. The Ultimate Oscillator stands at 55.82 and confirms that buyers currently have greater control.
| Indicator | Value | Action |
|---|---|---|
| RSI (14) | 64.187 | Buy |
| STOCH (9,6) | 56.426 | Buy |
| MACD (12,26) | 0.07 | Buy |
| Ultimate Oscillator | 55.82 | Buy |
Avalanche Price Prediction for Today
Bullish scenario: AVAX price could retest $6.98 and move higher after a sustained break above $6.90.
Neutral scenario: Avalanche could remain between $6.77 and $6.98 as the market digests the recent increase.
Bearish scenario: A decline below $6.77 could send AVAX toward $6.60. Deeper losses could expose the support near $6.40.
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