Why Are Cardano and XRP Holders Acquiring This Altcoin Which Is Tipped to Rival Every Top Crypto This Year?
The post Why Are Cardano and XRP Holders Acquiring This Altcoin Which Is Tipped to Rival Every Top Crypto This Year? appeared on BitcoinEthereumNews.com.
The crypto landscape is full of twists and turns, especially for established tokens like Cardano (ADA) and XRP. Both have felt recent market pressures Cardano struggles to regain critical resistance while XRP remains on edge, awaiting potential SEC developments. As these popular assets face uncertainty, some of their holders are turning to a new altcoin that promises to shake up the industry this year. Crypto enthusiasts are calling this token a direct challenger to big names, thanks to its growing utility and swift adoption. While ADA and XRP may still bounce back, investors who crave fresh opportunities are shifting attention elsewhere. Get on board before Remittix’s presale ends! Cardano: Searching for Bullish Momentum Cardano’s price has fought a losing battle against downward pressure, trading in a descending wedge and hovering near critical support around $0.60. A recentreport highlights how ADA’s daily chart remains bearish with multiple failed attempts at breaking above $0.72 – $0.75. Unless ADA reclaims these levels, the token risks further drops if sellers push below $0.60. On shorter time frames, the 4-hour chart shows lower highs and lower lows, confirming a persistent sell trend. Cardano’s major moving averages also loom overhead, reinforcing a negative outlook until the coin secures a firmer grip above $0.75 – $0.80. Even the RSI, drifting into oversold territory, has only sparked minimal bounces. Unless Cardano can reverse this pattern, some ADA holders might look for alternatives that offer a better risk-to-reward ratio. ADA/USDT Source: Coinmarketcap XRP in the Spotlight as SEC Mulls Its Next Move XRP’s community is buzzing ahead of a closed-doorSEC meeting scheduled for February 27. Rumors swirl that the agency could drop its appeal related to Ripple’s legal battle, potentially giving XRP a clear runway to reclaim higher prices above $2.1970. Yet the coin remains sensitive to…
Filed under: News - @ March 3, 2025 1:25 am