Why the XRP price rally is unstoppable – forecasting a 40% bullish move

 Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

This week, we posed the following question to over 1,000 Benzinga visitors on cryptocurrency investing: If you had $1,000 to invest, would you put it on Cardano (CRYPTO: ADA) or Ripple (CRYPTO: XRP) right now?

Cardano, known in part for its eco-friendly proof of stake (PoS) consensus model, was down 1.15% to $0.43 Wednesday evening. The Charles Hoskinson-developed crypto has fallen by around 59% over the trailing six months, amid a broader crypto market pullback.

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Ripple is trading at $0.49 Wednesday evening but, unlike Cardano, is sharply higher by 47% over the past month.

For the uninitiated, Ripple is a semi-decentralized payment protocol to be used by major banking institutions. Ripple operates RippleNet, a real-time gross settlement system that enables instant monetary transfers… Read More

This survey was conducted by Benzinga in October 2022 and included the responses of a diverse population of adults 18 or older.

Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 1,000 adults.