XRP Bulls Charge Ahead: SEC Win Fueling a $3 Breakout?
XRP and ADA at a Crossroads: Will They Break Out or Break Down?
The crypto market is heating up, and all eyes are on XRP and Cardano (ADA) as they hover around critical price levels. Traders are on edge: Will XRP hold strong above $2.30, or is a drop to $1.90 inevitable? Can ADA smash through $0.7473, or is a bearish reversal about to take over? Let’s break down the technicals and what’s next for these two major altcoins.
XRP Faces Market Uncertainty Following SEC Lawsuit Victory
XRP has been fighting to break free from its descending channel, but the bears aren’t backing down just yet. As of today, XRP is trading around $2.51, down 1.28% in the past 24 hours. The recent price action has been choppy—on March 20, XRP slid 1.7% to $2.45 after a massive 9% rally the previous day. What triggered the surge? Ripple CEO Brad Garlinghouse announced that the U.S. SEC had officially dropped its lawsuit against Ripple, a legal battle that has loomed over XRP for four years.
However, profit-taking set in almost immediately, causing a market correction. Now, XRP is stuck in a tight consolidation range. If bulls can’t keep the price above $2.30, a deeper drop to $1.90 is likely. But if XRP can reclaim $2.59 and push toward $2.99, we might see a strong bullish breakout.
Key Technical Levels for XRP
- Support: 200-day EMA at $1.90
- Resistance: 20-day and 50-day EMAs at $2.37–$2.43
- Breakout Target: $2.99
- RSI: 54.07 (neutral sentiment)
The bottom line? A decisive move above or below these levels will dictate XRP’s next big trend.
Cardano (ADA) Price Prediction: Can It Break Above $0.7473?
Cardano has been on a rollercoaster ride. The trading day started with ADA hitting resistance at $0.7128, triggering a breakout that fueled bullish momentum. But the excitement was short-lived. At 14:30 UTC, a dreaded death cross signaled trouble, leading to a sharp decline. ADA found support at $0.7189, and a golden cross at 21:10 UTC triggered a recovery rally.
However, resistance at $0.7473 proved to be a tough hurdle, and the bears regained control. The death cross at 9:50 UTC on March 20 sent ADA tumbling again, confirming bearish sentiment. If ADA doesn’t reclaim $0.7473, we could see it testing lower support levels.
Key Technical Levels for ADA
- Resistance: $0.7473
- Support: $0.7189
- Breakout Target: $0.80+
- Downside Risk: Below $0.7189, a further drop could be in play.
What’s Next for XRP and ADA?
Both XRP and ADA are at critical turning points. If XRP fails to hold above $2.30, expect a test of $1.90, while a bullish breakout could propel it toward $3. Meanwhile, ADA must break $0.7473 to regain momentum—otherwise, it risks sliding below $0.7189.
Actionable Takeaways for Traders:
✅ Watch XRP’s key resistance at $2.59—if it breaks, bullish momentum could accelerate. ✅ Keep an eye on ADA’s $0.7473 level. A breakout could trigger a strong uptrend. ✅ Stay cautious—death crosses and EMAs are signaling mixed trends.
Markets are shifting fast—are you ready for the next big move? Keep monitoring these price levels, and don’t miss out on potential trading opportunities!
