Top Cryptocurrencies to Invest in Now, August 24 – Zcash, XRP, Cardano

Highlights:

• Zcash is leading the rally as the upcoming Grayscale ZEC ETF launch boosts market interest.
• XRP is holding near $1.47 and needs to break $1.52 before another move higher can begin.
• Cardano is consolidating between key levels, with a break above $0.230 potentially opening the way toward $0.260.

The crypto market has continued the rally that started last week, with most top 10 cryptocurrencies trading in the green zone both on the daily and weekly charts. The rally, which started due to the White House meeting convened by Trump, has been kept alive by the recent institutional investment in ETFs. Spot Bitcoin ETFs logged $1.92B in net inflows from August 17–21, signaling strong renewed demand. If institutions keep buying, the current bull run may spill over to the next month.

As of press time, the overall market cap is up 1.74% to $2.62 trillion. Meanwhile, the trading volume is down 9.61% to $91.1 billion. The fear and greed index is in the greed zone at an index of 78 and is expected to jump to the extreme greed zone soon. Meanwhile, the crypto market has experienced a total of $298.29 million in liquidations today, with short traders experiencing $164.77 million in squeezes. With the market starting the week in a bullish phase, here are the top cryptocurrencies to invest in now.

Top Cryptocurrencies to Invest in Now

1. Zcash (ZEC)

ZEC is leading the rally today, trading at $841.18, with a 6.53% increase in the last 24 hours and a 76.68% increase in the past month. However, the trading volume of the coin is down 9.91% to $1.59 billion, while the market cap stands at $14.16 billion.

Zcash is rallying today primarily due to the upcoming launch of Grayscale’s spot ZEC ETF. The ZCSH fund will begin trading on NYSE Arca on Aug. 25. Grayscale submitted its final documents to the SEC ahead of the planned launch. The fund could hold up to 393,000 ZEC worth more than $260 million.

📣Zcash ETF Filing Adds 2.5% Fee as ZEC Reaches Eight-Year High

Zcash ETF filing confirms the ZCSH ticker and a 2.5% annual sponsor fee.
ZEC traded near $789 after reaching above $850, its highest level since 2018.
The SEC has not approved the fund or published a final decision… pic.twitter.com/YeCIX9v432

— Nirise (@nirise_official) August 24, 2026

Coinbase will serve as the custodian for the fund’s ZEC holdings. Meanwhile, Zcash has climbed above $814 for the first time in eight years. ZEC has also recovered all losses from its June drop toward $250, primarily caused by the Orchard pool vulnerability.

2. XRP

XRP is trading at $1.48, representing a 2.77% increase on the daily chart. The market cap stands at $93.13 billion. Meanwhile, the trading volume has decreased by 33.31% to $5.99 billion.

XRP has entered a tight consolidation after its sharp run from below $1.00 toward $1.60. The $1.47 area is now providing the nearest support in case of a short pullback. Meanwhile, $1.52 marks the key level controlling the next move. A clean break above $1.52 could bring $1.60 into focus. Meanwhile, stronger momentum could then push XRP toward the $1.65 zone.

The Point of Control for $XRP remains same at $1.52.

The uptrend will only resume once this resistance is broken.

There is another significant support line around $1.4. https://t.co/GFL0Cz1FQZ pic.twitter.com/iymuwU3BaB

— CW (@CW8900) August 24, 2026

However, losing $1.47 could expose the heavier support between $1.40 and $1.45. The strongest lower support sits around $1.25 to $1.30. XRP needs to clear $1.52 before the recent consolidation can turn into another upward move.

3. Cardano (ADA)

ADA is currently trading at $0.2217, with a 2.13% increase in the last 24 hours. The trading volume of the coin is down by 25.12% to $585.6 million, while the market cap stands at $8.13 billion.

Cardano remains inside a tightening symmetrical triangle after pulling back from the recent $0.258 peak. The $0.218 to $0.220 zone provides the nearest support. Below that, $0.210 remains the stronger support near the lower triangle boundary. Meanwhile, $0.225 marks the first resistance during a recovery. The upper trendline near $0.230 creates the main breakout barrier.

$ADA/USDT 📈

Printing a clear Symmetrical Triangle 👀 Price is compressing between converging trendlines around $0.21–$0.23, showing a battle between buyers and sellers.

A breakout above $0.23 could open the door toward $0.26 🔥 while a breakdown risks a move toward $0.19.… pic.twitter.com/qRZCCcY8ss

— Crypto With Gopal (@cryptowithgopal) August 24, 2026

A clean move above $0.230 could push ADA toward $0.240. Stronger momentum could open the path toward the projected $0.260 target. However, losing $0.210 could confirm a bearish breakdown and expose the projected downside target near $0.190.