XRP and ADA dey test key support amid altcoin sell-off
For August 21, 2025, XRP and Cardano (ADA) sharply drop as broad altcoin sell-off squeeze liquidity and push both tokens near critical support levels. Day losses bring high volume and short-term risk-off vibe for mid-cap assets like Polygon (POL), while Bitcoin (BTC) show relative resilience. Traders dey watch key support levels: if dem break, e fit activate stop orders and algorithmic selling, if dem hold, e fit attract bargain hunters. Proper risk management important—reduce position size, set clear stop-loss orders, and avoid overleveraging. Monitor on-chain metrics like transaction flows, RSI momentum, and order-book liquidity to spot selling exhaustion and possible rebound signals. IOHK CEO Charles Hoskinson talk say Cardano development plan still focus on decentralization and security despite price pressure for short time.
Bearish
Di big big sell-off for altcoins plus di wahala wey e cause push XRP and ADA go critical support level dem, e mean say market no too hot. Old pattern dem show sey if e break below these areas, e fit allow more fall as stop-loss orders go dey trigger one after another. Short term traders go likely reduce their exposure and wait make dem sure say support still dey, this one go strengthen di bearish trend. But if di main support hold, buyers wey dey look chance fit step in, fit cause small rebound. Overall, di immediate impact na bearish, but if e stabilize for support, e fit open gate for medium term recovery.