In the ever-changing landscape of the cryptocurrency market, Cardano (ADA) and XRP have recently shown signs of a potential recovery, giving investors hope after a period of high volatility. As global macroeconomic factors continue to influence price action, crypto traders are closely watching resistance levels and trend indicators to determine the next big move.
Market Overview and Trump’s Influence
The recent market uplift was sparked after former President Trump paused his proposed tariffs, calming global financial markets. This has positively affected cryptocurrencies, with XRP rising by 5.4% and Cardano posting a minor gain of 0.2% over the past 7 days. Other top players like Bitcoin (BTC) and Solana (SOL) also showed strong weekly performances.
Adding to the uncertainty, Federal Reserve Chairman Jerome Powell noted that Trump’s tariff reversal might lead to higher inflation, challenging the Fed’s ability to maintain both economic growth and inflation control under current monetary policy tools.
ADA Price Analysis: Can Cardano Break Through?
Cardano (ADA) rebounded from the $0.510 support level, forming a bullish double-bottom pattern that typically signals a trend reversal. The Relative Strength Index (RSI) turned positive on April 9, suggesting buying pressure is gaining traction. However, the slope of the 14-day SMA remains neutral, and caution is still advised.
ADA bulls reclaimed the $0.570 level, once a vital support zone. Now, all eyes are on the 21-day Exponential Moving Average (EMA) — a zone that has acted as strong resistance. If Cardano breaks above the $0.660 resistance, we could see a move toward higher price zones. But failure to break above could result in a retracement back to the $0.500 range, based on volume profile data.
XRP Resistance Battle: Will It Hold Above $2?
XRP saw a bounce from the $1.60 level, attempting once again to push past the $2.13 – $2.11 resistance area. This zone has historically triggered strong selling pressure, which makes it a key level for traders considering short positions.
Despite XRP’s bullish attempts, the token continues to struggle at the 21D EMA, facing rejection almost every time. If the current momentum weakens, XRP could revisit the $1.60 zone, confirming the ongoing bearish trend that has been in place since January.
However, if XRP manages a clean break above $2.13 with sustained volume, it could open doors to a new uptrend — but the risks remain high due to current market volatility and investor sentiment.
Short-Term Outlook: Caution or Confidence?
For both ADA and XRP, the technical setup suggests cautious optimism. Traders are advised to monitor:
- RSI and MACD signals
- Reactions around key EMAs
- Volume confirmation during breakouts
Additional Insight: What to Watch in 2025
As we move further into 2025, upcoming interest rate decisions, U.S. economic data, and global political developments will continue to shape crypto performance. Investors are also watching SEC regulatory outcomes, especially concerning XRP, which could significantly alter the token’s price trajectory.
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