Good News for Ripple (XRP) and Cardano (ADA) Investors: Details

TL;DR

  • Although both ADA and XRP are down on a weekly scale, their performance could reverse in the short term, as suggested by a popular metric that has flashed a buy signal.
  • Interestingly, the projects behind both assets have been linked in the past and are expected to announce a joint venture soon.

ada_v_xrp_cb

The metric in question, brought by popular crypto analyst Ali Martinez, is the TD Sequential, which showcases whether an asset has reached an exhaustion point in either direction.

For XRP, the indicator has flashed a buy signal on the 4-hour chart, which could suggest “the start of a short-term rebound,” said Martinez.

Ripple’s cross-border token experienced a sharp and brief uptick earlier this week when company CEO Brad Garlinghouse announced a victory in the legal case against the SEC. XRP went from $2.3 to $2.6 within an hour or so but failed to keep the momentum up and has retraced to under $2.4 now.

The same indicator posted a similar buy signal when it came down to ADA, according to the 4-hour chart, showing that a rebound could be on the horizon.

ADA has struggled in the past month or so, losing over 10% of its value and currently struggling to remain above $0.7. Previously, Martinez said the asset could skyrocket to $2, but it has to close above $1.2 on the daily chart, which seems like a distant dream now.

XRP and ADA have been linked on numerous occasions in the past several months. US President Trump mentioned them, alongside SOL, ETH, and BTC, in regard to the suggested strategic crypto reserve in the country.

Additionally, Charles Hoskinson and Ripple execs have been exchanging kind words since the US elections, hinting on multiple occasions about a potential collaboration between the two parties. However, nothing official has been made public yet.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

  • Aniket Pujari

    Aniket Pujari

    Aniket Pujari, a graduate in Financial Markets, is the founder of Minute To Know News, a digital platform providing daily news updates on cryptocurrencies, finance, and economics. With a passion for finance and technology, Aniket has been exploring the world of cryptocurrencies since 2015, building a deep understanding of these rapidly evolving industries.

    Related Posts

    Cardano Whales Fill Their Bags: ADA Bull Run Incoming?

    TL;DR Whales bought $180 million worth of ADA in the past week, potentially setting the stage for a price rally. Analysts see ADA poised for gains, with projections ranging from…

    Blocksquare Unveils Upgrade to Its RWA Marketplace Infrastructure

    [PRESS RELEASE – Ljubljana, Slovenia, March 25th, 2025] Blocksquare has announced the global rollout of a new upgrade to its flagship White-Label Marketplace Infrastructure. Launching globally today, March 25, 2025,…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    US says Ukraine, Russia agree to ensure safe navigation in Black Sea

    Goldman bullish on this dividend play, sees double-digit annual returns

    Cardano Whales Fill Their Bags: ADA Bull Run Incoming?

    Cardano Whales Fill Their Bags: ADA Bull Run Incoming?

    Blocksquare Unveils Upgrade to Its RWA Marketplace Infrastructure

    Blocksquare Unveils Upgrade to Its RWA Marketplace Infrastructure

    As Tesla falls after Musk’s controversy, Graphite Network’s message becomes clear: Reputation outvalues capital

    As Tesla falls after Musk’s controversy, Graphite Network’s message becomes clear: Reputation outvalues capital

    Kroger countersues rival Albertsons after demise of $25 billion merger