Why Are Cardano (ADA) and XRP Prices Surging Today?

Share This Post

The post Why Are Cardano (ADA) and XRP Prices Surging Today? appeared first on Coinpedia Fintech News

The altcoin industry, led by XRP and Cardano (ADA), followed the Bitcoin (BTC) price with a mild recovery in the past 24 hours. The initial crypto FUD in the past few weeks was largely overshadowed by positive sentiment from the United States in the last two days.

Furthermore, Bitcoin price led the wider altcoin industry in mirroring gold bullish outlook as major stock indexes recorded mild rebounds.

Factors Influencing Cardano and XRP Rally Today

Clear Regulatory Outlook from the U.S. SEC

As Coinpedia reported, the U.S. SEC acknowledged the role of XRP and Cardano in the country’s digital economy. Whereby the agency noted that XRP will play a crucial role in state-level financial transactions, optimizing government payments, and enabling interbank liquidity.

On the other hand, the agency noted in the proposal that Cardano is best suited for academic credentialing, smart contracts for government services, and secure infrastructure management.

Rising Adoption from Institutional Investors

Following the notable interest of Cardano by the United States, institutional investors have made strategic moves to adopt ADA before the anticipated altseason. On Friday, Coinbase Global announced that it has filed with the U.S. CFTC to offer Cardano futures, with the product expected to go live on March 31, 2025.

Meanwhile, XRP has attracted notable attention from institutional investors led by several fund managers seeking to offer its spot ETF. Some of the fund managers that have filed for spot XRP ETF include Grayscale, Bitwise, and 21Shares.

Midterm Targets

ADA

From a technical analysis standpoint, ADA price, in the weekly time frame, has been forming a potential cup and handle formation, signaling a major bullish uproar ahead. The large-cap altcoin, with a fully diluted valuation of about $33 billion and a 24-hour average trading volume of about $936 million, surged 2.8 percent in the last 24 hours to trade around $0.739 on Saturday, March 15, 2025.

In the lower time frame, ADA price has been consolidating in a symmetrical triangular pattern, signaling a potential breakout ahead.

XRP

The favoring fundamentals of Ripple Labs and the XRPL network signal a major bull rally for XRP in the near future. The large-cap altcoin, with a fully diluted valuation of about $240 billion and a 24-hour average trading volume of around $3.8 billion, surged 4.3 percent in the past 24 hours to trade about $2.41.

According to crypto analyst Ali Martinez, XRP price is well positioned to reach $15 in the coming months. Moreover, XRP price has gathered significant bullish sentiment in the past six years of triangular consolidation.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Restaked Bitcoin Protocols Skyrocket 4,459% in Just 9 Months

Since the advent of restaking bitcoin and Babylon’s leading role in the space, restaked bitcoin protocols have exploded onto the scene with phenomenal momentum Over the past nine months, these

Bitcoin Rebounds Above $85,000 Amid Weak Market Demand

Bitcoin (BTC) is experiencing a notable price recovery, reclaiming the $85,000 level after a 43% increase in the past 24 hours This rebound has sparked renewed optimism among investors, who are now

Bitcoin Panic Sellers Lost $100M – Why Smart Investors Are Betting on BTC Bull Token Instead

The crypto market is full of surprises, but one thing remains consistent: panic selling always costs new investors a fortune  In the last six weeks alone, speculators dumped their Bitcoin holdings,

Cardano (ADA) Whales Buy 130M Tokens, Bull Run Incoming?

The post Cardano (ADA) Whales Buy 130M Tokens, Bull Run Incoming appeared first on Coinpedia Fintech News As the Cardano (ADA) price continues to consolidate near a crucial support level of $065,

Crypto Expert Reveals Why XRP Will Never Flip Ethereum

A crypto expert has promptly shut down the idea that XRP will ever surpass Ethereum In his post, the analyst shared several reasons why he believes such an outcome is highly unlikely, highlighting

Bitcoin Price Watch: Struggles at $84K—Will Bulls Take Control?

Bitcoin traded at $84,222 on March 15, 2025, with a market capitalization of $167 trillion, a 24-hour global trade volume of $2599 billion, and an intraday price range between $82,705 and $85,139,