Ripple (XRP) and Cardano (ADA) Poised for Major Rallies: How High Can They Go?
The post Ripple (XRP) and Cardano (ADA) Poised for Major Rallies: How High Can They Go? appeared on BitcoinEthereumNews.com.
An arguable thesis is that crypto is close to a major upside rally. The altcoins total market capitalization has made higher highs and higher lows since the bull market began. If the most recent higher low is now in, the rally could be about to begin. $XRP and $ADA are two crowd favourites that are well set for big surges. $XRP higher lows force price against solid resistance Source: TradingView The weekly chart for $XRP does show a lower low from the crypto melt-down on the 10 October. However, that can probably be taken as an outlier, especially given how quickly the price was bought up again. Since then, the price has come up continually against the $2.65 horizontal resistance level, from where it has been soundly rejected each time. On a positive note, higher lows have continued to be set. The $XRP price has been going sideways and downwards for quite some period of time now – 15 weeks to be precise. This was after the run-up from $2 to $3.66, so a period of consolidation was probably sorely needed. We’ve had that now, so it might be expected that a breakout could occur, especially considering that the Stochastic RSI indicators have just crossed up. $XRP target over $5 Source: TradingView The 2-week chart illustrates the $XRP price action since 2018. It can be seen that a price step has formed around $2, and all price action since then has remained above, except for mostly longer wicks below. If one refers to Fibonacci extension levels, the 0.786 at $2.63 is where the price is being resisted currently. One more main level of resistance is above this at just under $3. Looking much further out, and a possible target for this bull market, is the 1.618 Fibonacci at $5.30. With…
Filed under: News - @ November 1, 2025 7:27 pm