XRP and Cardano Show Key Support Amid ETF Buzz and Record ADA Staking Rewards
Crypto trader sentiment has turned bullish for Bitcoin, Cardano (ADA), and XRP as speculation around June ETF approvals intensifies. Latest analysis identifies key support and resistance levels for XRP, which trades between $1.95 and $2.53, with $2.88 as resistance and $1.73 and $1.15 as supports. XRP’s RSI at 44.13 signals lingering bearishness, but modest recovery is noted, with traders watching for long positions near support or considering shorts if supports break. Cardano (ADA) continues to face volatility, with a 45% six-month decline, but now posts a record high in staking rewards, indicating growing network participation and a potential price bottom. ADA now trades between $0.597 and $0.819, with $0.508 and $0.286 as supports and $0.952 and $1.174 as key resistance levels. The jump in staking rewards suggests price stabilization and possible rebound. If ETF momentum persists, anticipated price targets could be attainable, but broader market conditions and regulatory approvals remain critical. Traders should closely monitor identified technical levels to manage short-term volatility and capitalize on potential rebounds, especially in ADA and XRP.
Neutral
Despite increased bullish sentiment driven by ETF speculation and a surge in Cardano staking rewards, both ADA and XRP continue to face notable resistance and volatility. XRP hovers just above key support levels with its RSI indicating persistent bearishness, though some recovery is seen. ADA’s record staking rewards point to potential stabilization, but after a 45% six-month drop, upside depends on sustained investor interest and ETF developments. No definitive bullish or bearish breakout is confirmed for either coin, resulting in a neutral outlook while the market awaits regulatory decisions and clearer technical signals.