In the latest Cardana news, ADA Crypto could be on the verge of major integration of XRP with RLUSD – Latest Cardano Price Forecast?
Cardano (ADA) has been a magnet for market drama recently, with its value unexpectedly rising keeping traders on edge. A bullish cup and handle pattern has emerged, and Ripple’s RLUSD stablecoin is hovering as a potential addition to the ecosystem.
ADA .cwp-coin-chart svg path { stroke: ; Stroke width: ; }
price
Trading volume within 24 hours
Recent price action 7D
to $5 once integration occurs. I’m calling it now (please buy my bags).
Um, so, anyway. Here’s the lowdown on what’s going on between Cardano and XRP.
explores: 10 High Yielding Coins: Cryptocurrency Forecast for 2025
Ripple RLUSD Stablecoin Partnership with Cardano
Cardano’s outspoken president, Charles Hoskinson, confirmed talks with Ripple about integrating its stablecoin RLUSD. The USD-backed token is already making moves and is listed on exchanges such as Bitstamp and Bullish.
“We are actively talking,” Hoskinson said in a recent post, hinting at the possibility of bringing RLUSD into the Cardano ecosystem. “Cardano needs a strong stablecoin ecosystem,” he said, pointing to a broader vision for integrating stablecoins like RLUSD, USDM, and Djed.
If RLUSD makes it to Cardano, it’s a potential power move — boosting the appeal of DeFi projects and adding some real weight to the ADA ecosystem.
Hopefully, whatever Cardano does is better than this mysterious oddity.
I was interested in Cardano before reading this post. Now, I’m no longer interested.
ADA, which is trading at $0.96, is not climbing to its lowest price in months on its own. Strong US jobs numbers raise inflation fears, putting federal interest rate cuts on hold indefinitely. A pressure cooker is causing a collapse in cryptocurrency markets, with a sharp sell-off hitting ADA and Ethereum ($ETH).
explores: Buy and use Bitcoin anonymously/without ID
Cardano sees cup and handle pattern: a bullish signal?
Technical analysis indicates that Cardano price is forming a cup and handle pattern on the charts. Immediate support for $ADA is located at $0.93, which is closely aligned with the 200-day simple moving average. If this level is broken, the next major support is at $0.90.
Cardano faces resistance at $0.96, with a stronger limit near $1.00. A break above this area may confirm the bullish pattern, indicating potential upward movement.
The Moving Average Convergence Divergence indicates a quiet bullish crossover, indicating that momentum is building if the chart continues higher.
Meanwhile, the RSI is at 60, slanting higher but with enough breathing room to avoid overbought warnings. If the cup and handle pattern fully emerges, ADA could target higher resistance levels, offering promising prospects for traders.
Can the ADA rebound in 2025?
ADA’s drop to $0.91 comes as profit-taking and uncertainty spread in the market, but the cup and handle pattern indicates a potential recovery.
A bounce from the $0.93 support could spark buying momentum, pushing ADA towards a test of the $0.96 resistance in the short term. On the horizon, clearer macro signals and progress on RLUSD integration could be a serious tailwind for Cardano. For now, the focus is on whether ADA can break free or remain under downward pressure.
Discover: Tokenize $500M worth of Dubai Properties, MAG Group and Mantra Series Collaborate
Join the 99Bitcoins News Discord here to get the latest market updates
Could ADA Crypto Coin Be About to Merge XRP: Cardano Price Forecast January 2025? appeared first on 99Bitcoins.