The post Cardano Breaking Down While XRP Struggling to Hold $2: Here’s What to Expect from XRP & ADA Prices in March 2025 appeared first on Coinpedia Fintech News
The crypto winter seems to have advanced this year, with popular tokens losing their grip on the rally. External factors, like tariff impositions, have adversely impacted the crypto markets, which has caused massive sell-offs, including billions of outflows in the spot ETFs. In times when Bitcoin is struggling to hold $80,000, Cardano slumps below the crucial support, but the XRP price sustains above the pivotal range. Here’s what to expect from the XRP & ADA price rallies in March 2025.
Cardano (ADA) Price Analysis
The recent bearish action has caused the ADA price to plunge by over 20% from the consolidated phase around $0.77. While a potential XRP & LTC ETF had positively impacted the prices, ADA maintained a sluggish trend despite a filing from Grayscale. Meanwhile, the selling pressure has increased, due to which the fear of plunging to $0.55 looms over the ADA price rally.
As seen in the above chart, the ADA price has broken down from the descending parallel channel. The breakdown is yet to be validated, and hence, the possibility of a rebound remains high. However, the CMF remains above 0 despite a pullback hinting at the growing strength of bulls against bears. However, the RSI is stuck below the descending trend line, which suggests that a drop below the lower threshold could only initiate a strong rebound. Until then, the possibility of testing the support at $0.523 remains higher.
Ripple (XRP) Price Analysis
The Ripple price is facing massive bearish heat but remains within a bullish range as the bulls manage to hold the crucial support at $2. The token has dropped to the same range in the first few days of the year, which further pushed the price towards new highs above $3.3. Therefore, traders can expect a similar price action as the XRP price shows signs of a breakout.
As seen in the above chart, the XRP price has been trading within a strong bullish range, and hence, the probability of a rebound remains high. Besides, the token remains within an accumulated zone, as seen in Accumulation/Distribution, while the RSI tests the lower threshold, hinting towards the probability of a bullish rebound. Therefore, the XRP price appears to be bullish until it holds the pivotal levels at $2. Otherwise, a drop to the lower support of $1.6 could materialize.