The altcoin market is showing signs of life as 2025 begins, with Ripple Labs’ XRP and Cardano (ADA) leading the way. After a slow end to 2024, both tokens are making a comeback, drawing the attention of traders and investors. On Thursday, January 2, Bitcoin (BTC) saw a modest 2% rise, hovering around $95,323. At the same time, the TOTAL3 index, which tracks altcoins excluding Bitcoin and Ethereum, added over $13 billion, reaching nearly $985 billion.
From a technical analysis standpoint, the altcoin industry is preparing for a major uproar in the near term after closing 2024 with a bullish outlook. Moreover, the fundamental outlook for the entire cryptocurrency industry remains extremely bullish following the re-election of Donald Trump to the White House.
Additionally, institutional investors are increasing their stakes in the Web3 space to capitalize on the ongoing macro bull run.
Cardano, a leading layer-one blockchain, has benefitted from ongoing network upgrades and strategic partnerships. The recent Chang hard fork has enhanced the network’s functionality and decentralized governance, setting the stage for continued growth.
As a result, ADA has outperformed many other large-cap altcoins. After closing 2024 with a remarkable 140% gain, Cardano has opened 2025 on a strong note. In the past 24 hours, ADA surged by more than 8%, trading at around 92 cents.
However, for the bullish trend to continue, ADA needs to break above the 50-day Moving Average (MA) and stay above the falling logarithmic trend to confirm the end of its previous correction.
Ripple’s XRP has been in the spotlight recently, particularly with the potential nomination of pro-crypto US SEC chair Paul Atkins, who could replace Gary Gensler. XRP, with a valuation of about $236 billion and a 24-hour trading volume of roughly $10 billion, saw a 10% increase in the past 24 hours, trading at $2.35.
Crypto analyst Captain Faibik believes that XRP is on the verge of a 50% rally, potentially reaching a new all-time high of $3.66. However, for this to happen, XRP must break out of a descending triangular pattern, signaling a continued upward move in the near term.
All in All…
Looking ahead to 2025, both Cardano and XRP have strong growth potential within the altcoin market. Technical indicators suggest a bullish outlook for both tokens, but investors are closely watching key resistance levels to confirm the next phase of the rally.
With increasing institutional interest and favorable macroeconomic factors, the outlook for altcoins is promising.
XRP has strong growth potential in 2025, with a possible 50% rally to $3.66, depending on breaking key resistance levels.
Cardano is seeing growth due to network upgrades and strategic partnerships, with a strong 140% gain in 2024 and continued positive momentum.
Yes, the altcoin market is showing bullish signs in early 2025, with XRP and ADA leading the charge after a strong 2024.
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