Price Analysis View Non-AMP

Cardano’s ADA Price Tests Patience as XRP Airdrop Hype Builds?

Published by
Shrishesh Tanksalkar

Cardano holders are in excitement with the network’s strategic expansion of interoperability. Successively, the upcoming Glacier Drop will distribute NIGHT and DUST tokens to XRP holders. Further indicating closer collaboration between Cardano and the XRP Ledger. 

Lace Wallet has already integrated XRP support, while active discussions aim to onboard Ripple’s RLUSD stablecoin into the Cardano ecosystem. These steps aim to position Cardano as a leading cross-chain DeFi platform. But how is ADA’s price responding amid broader market turbulence? Let me take you through Cardano price analysis for the short term.

Cardano (ADA) Price Analysis

Cardano’s ADA price today is at $0.6099, marking a 2.42% fall over the past day. Its market valuation has dropped to $21.55 billion, reflecting a 2.44% loss. Meanwhile, the 24-hour trading volume has plummeted by 17.32% to $597.75 million, highlighting declining interest from short-term traders.

From a technical standpoint, ADA is currently trading within the accumulation zone between $0.51 and $0.62. Which has historically been an accumulation zone before potential breakout rallies. However, recent candles on the 4-hour chart show ADA struggling below the Bollinger mid-band, suggesting continued selling pressure.

The RSI sits near 34.97, making its way to the oversold territory, which could hint at a short-term relief bounce, provided the momentum improves. However, the RSI still lags below the signal line at 42.89, pointing to weak bullish conviction.

That being said, ADA faces strong resistance in the $0.75–$0.78 range. It is worth noting that it is the zone that failed to breach during past rallies. Until it reclaims $0.62 and re-tests the $0.70 zone, ADA remains vulnerable to further consolidation or downside.

Keen on stacking some ADA? Read our Cardano (ADA) Price Prediction 2025, 2026-2030!

FAQs

Is ADA a good buy at the current level?

ADA is trading near the lower end of its accumulation zone. While the RSI indicates possible oversold conditions, caution is advised until a breakout occurs above $0.62.

What key resistance levels should traders watch?

Traders should monitor $0.62 as the first breakout hurdle and $0.75–$0.78 as major resistance levels.

Shrishesh Tanksalkar

Shrishesh is a versatile writer with 2+ years of experience in cryptocurrencies. An engineer turned storyteller, this selective introvert is a wannabe biker on weekends.

Recent Posts

Coinpedia Digest: This Week’s Crypto News Highlights | 2nd Aug, 2025

What a week - New rules. Big releases. And a few surprises no one saw…

August 2, 2025

Whales Dump XRP and SOL—What It Means for Price Action in the Second Half of 2025

Whales have recently intensified their offloading of XRP and Solana, coinciding with mounting pressure from…

August 2, 2025

Simon’s Cat Price Prediction 2025, 2026-2030: Will CAT Price Skyrocket?

Story Highlights The Simon’s Cat price today is . The CAT price could hit a…

August 2, 2025

Tether Issued $6 Billion in USDT Tokens in July 2025

Tether, the world’s biggest stablecoin issuer, minted $6 billion worth of USDT in July 2025,…

August 2, 2025

Buying Ethereum Now Could Give You 2x Profit by 2025 End – Here’s Why

Ethereum is quietly setting the stage for its next big move, and smart money is…

August 2, 2025

Crypto Regulations in Hong Kong 2025

As of 2025, Hong Kong has secured its place as one of the leading crypto…

August 2, 2025