Ripple (XRP) and Cardano (ADA) Nearing Major Breakouts: Price Analysis
The post Ripple (XRP) and Cardano (ADA) Nearing Major Breakouts: Price Analysis appeared on BitcoinEthereumNews.com.
With Bitcoin (BTC) recently recording its own big breakout, the altcoins are not likely to be far behind. Both Ripple (XRP) and Cardano (ADA) are moving into position for breakouts. Could this happen in the next day or two, or could there be a rejection first? $XRP approaches horizontal resistance plus trendline Source: TradingView The $XRP price is on its way back to a descending trendline in force since the all-time high last July. Three touches of the trendline have now taken place, which puts the next touch on alert for a breakout. As can be seen in the 4-hour chart above, the price will not only have to break through the trendline, but also the big horizontal resistance at $3. Much will depend on whether Bitcoin can continue positive price action. If $BTC starts to fall back, the chances are that $XRP will do the same, especially given that the short-term momentum indicators have reached their tops. Bearish divergence finished, or more downside to come? Source: TradingView The weekly time frame for the $XRP price reveals how important the band of resistance from $2.98 to $3.00 is. If the bulls can push the price up through this, plus the descending trendline, and confirm above, all would be set for the next all-time high and a move into price discovery. However, things are never usually this easy. Bearish divergence has been playing out for the last 12 weeks, given that the Stochastic RSI and the RSI were in downtrends, while the price action made a higher high. It remains to be seen whether the bearish divergence has now finished, or whether there may be some more downside to come. If the price does fall back, the horizontal resistance level at $2.70 looks very strong. If the price got back here…
Filed under: News - @ October 2, 2025 2:28 pm