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Market News

XRP, Solana (SOL), & Cardano (ADA) Eyes For Bullish Recovery

Written By:
Gopal Solanky

Last updated: April 17, 2025 12:34 PM
Published April 17, 2025 12:15 PM
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Last updated: April 17, 2025 12:34 PM
Published April 17, 2025 12:15 PM
XRP, Solana (SOL), & Cardano (ADA) Eyes For Bullish Recovery

The past few weeks have been utterly stressful for crypto investors as the market dipped to yearly lows in a drastic downtrend induced by the U.S. tariff turmoil. Now as it is on the way recovering past gains, leading altcoins like XRP, Solana (SOL), and Cardano (ADA) are flashing bullish signals.

The latest market analysis shows that these leading altcoins are forming favorable patterns and growing investor sentiment while suggesting potential short-term price recoveries. Despite dimmed trading activity in Bitcoin and the broader crypto market, this crypto-trio is gaining significant traction among traders. 

XRP Targets to Break $2.10 Resistance

Being the highest-gaining altcoin past year, XRP has been much anticipated by traders to unlock another similar run in upcoming months. It has climbed 11% from $1.87 to $2.07 over the past week while establishing a solid support range between $2.00 and $2.2 in the current channel.  

At the time of writing, XRP is trading at $2.10 with a 24 hour trading volume of $3.37 billion.

XRP Price Chart
XRP Price – Source: TradingView

The decreasing volatility and higher lows in XRP price indicates an accumulation period with traders speculating for an upward trajectory following Ripple’s ending lawsuit with the SEC, RLUSD expansion and potential SWIFT integration as catalysts for growth. 

Market analysts note that a break above $2.10 resistance could propel XRP toward $2.50, though macroeconomic pressures, including global tariff concerns, may still pose a risk against it. 

Solana Expanding its Dominance in Altcoin Sector

Solana (SOL) has surged 15% over the past week, rising from $116 to $133, with a 6.2% gain in the last 24 hours. From the technical perspective, a firm support at $124 signal a bullish reversal which could be bolstered by Solana’s expanding dominance in the altcoin sector. 

Solana (SOL) Price Chart TradingView
Solana (SOL) Price – Source: TradingView

With the buzz revolving around a potential spot Solana ETF approval in the U.S., it could drive further gains in SOL price in coming months. However, sellers are defending the 50-day moving average at $133 and this wall could keep pulling SOL price down unless it clears $135, with $145 as the next target. 

Cardano Builds Momentum 

Cardano (ADA) rallied 12% from $0.5892 to as high as $0.6657 this week with it forming a bullish reversal pattern at $0.63 with a strong accumulation period. Its current support at $0.60 and consolidation above this level would form an optimistic sentiment for a push toward $0.70 and potentially eying to break $1 once again in coming months. 

Cardano (ADA) Price Chart Coinmarketcap
Cardano (ADA) Price – Source: TradingView

The upcoming protocol upgrades, such as Leios which aims to match Cardano’s transaction execution speed with that of Solana, are expected to push ADA price discovering a new range while fueling excitement among the Cardano community. 

Market Volatility Still Looms Around

While the broader crypto market still remains turbulent – XRP, Solana, and Cardano are holding key support levels as the majority of traders adopt “buy the dip” strategy. In this timeline, analysts emphasize that sustained bullish momentum for these altcoins depends on macroeconomic stability and continued market recovery. 

For now, XRP, Solana, and Cardano remain at critical levels to watch as the current market sentiment reflects growing confidence. At the time, investors are closely monitoring these altcoins as they show signs of a sustained breakout with technical strength and fundamental catalysts in play. 

Also read: Bitcoin Price Prediction Today: BTC To Retest $88k Soon?

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Cardano (ADA)Solana (SOL)
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Gopal Solanky - Crypto Research Analyst at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Research Analyst and Reporter with over 5 years of experience in DeFi, blockchain, crypto, IT, and financial markets. With a Bachelor's in Computer Applications, he brings a strong technical foundation to his analysis and reporting. Gopal focuses on breaking down complex topics for both seasoned investors and curious readers. His work has been referenced by publications like Business Insider and Vulture.com, highlighting his contributions to industry stories around topics like Huwak Tuah Memecoin and the FTX collapse.

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