In accordance with The Crypto Basic, analyst JD has drawn comparisons between Cardano's current price action and XRP's breakout before its 12x surge. JD noted on December 7 that ADA is forming a four-year descending triangle, similar to XRP's consolidation before its 2024 rally. He projects a potential 715.8% rise to $3.50 if ADA breaks out. Other analysts, including Christopher Visser and UK Finance at Finder, also predict ADA could reach $3.90 or $3.15, though with different timeframes.
Cardano Shows Similar Price Pattern to XRP Before 12x Surge, Analyst Says
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