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

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

CryptotimesCryptotimes2025/04/17 13:33
By:Gopal Solanky

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, Solana (SOL), & Cardano (ADA) Eyes For Bullish Recovery image 0 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. 

XRP, Solana (SOL), & Cardano (ADA) Eyes For Bullish Recovery image 1 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. 

XRP, Solana (SOL), & Cardano (ADA) Eyes For Bullish Recovery image 2 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. 

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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