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Bitzo 2025-03-09 02:05:13

XRP Nears Its Key Demand Zone And Cardano Echoes The 2018 Bullish Cycle – Can XRP & ADA Rescue Altcoin Season?

XRP Nears Its Key Demand Zone And Cardano Echoes The 2018 Bullish Cycle – Can XRP & ADA Rescue Altcoin Season?

XRP approaches a crucial support level, while Cardano shows signs of a potential rally similar to 2018. Altcoin enthusiasts are eager to know if these two cryptos can revive the sluggish market. This article explores the possibility of XRP and ADA leading a resurgence and unlocking new opportunities for growth. XRP 6-Month Surge Meets Short-Term Price Tensions Last month showed nearly flat performance with a slight dip of 0.55% despite a strong 10.46% weekly gain. Over the past six months, XRP experienced a pronounced surge of 347.37%, indicating sustained upward momentum over a longer horizon. The mixed short-term movements contrast sharply with the explosive long-term gains, reflecting overall market volatility and changing sentiment. The current price sits between $1.60 and $2.88 with key support at $1.06 and resistance at $3.61. Bears are evident from moving averages and overall indicators, although the weekly rally hints at bullish attempts. Traders might consider buying near support levels, watching for a sustained move through resistance before targeting higher levels. Cardano Price Action: Strong Gains with Critical Price Levels Past one-week movements show a surge of 31.17%, and the past month marked a 13.10% rise, while the six-month increase of 144.54% points to notable upward pressure. Price behavior over these periods reflects energetic market participation and consistent performance improvements that caught traders’ attention. Current trading sees Cardano within a range of $0.444 to $0.889. Immediate resistance stands at $1.15 with further resistance at $1.59, while support is noted at $0.26. RSI near 50 suggests a balanced market. Bulls have pushed prices higher recently, yet a clear trend remains unconfirmed, leading traders to consider breakouts above resistance levels or entries near support for potential moves. Conclusion XRP is approaching a crucial zone that could boost its value. Cardano shows similarities to its strong cycle in 2018. Both XRP and ADA have the potential to drive a resurgence in the broader altcoin market. Their performance will be key in shaping altcoin trends in the near future. Investors will be closely watching these assets for further market movements. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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