The crypto market has been getting a little bit of its mojo back this week. Thanks to calmer talk out of Washington — including President Trump toning down his attacks on the Fed and easing up on China trade tensions — investor sentiment is no longer stuck in “extreme fear.” According to the latest Fear and Greed Index, the mood has shifted to neutral.
That’s given tokens like XRP and Cardano (ADA) a chance to breathe — and even bounce — but analysts say we might still be stuck in a bear market rally. So, what’s next?
XRP Eyes $2.50 — But Bears Aren’t Done Yet
XRP recently broke above a key trend line, reaching around $2.30, its highest point in nearly a month. Not bad — but here’s the catch: it’s still sitting below the $2.40 point of control, a major resistance level where trading volume has historically been high. Until XRP clears that, it’s hard to say the bulls are fully in charge.
Even with some wins — like the SEC dropping its lawsuit against Ripple and its stablecoin RLUSD gaining momentum — the token’s gains have been modest. While other top coins posted double-digit jumps last week, XRP’s price has barely moved, hinting at weaker demand.
If momentum picks up, XRP could aim for $2.70 in the short term. But if sellers show up again, $2.00 becomes a key support level to watch.
Cardano Bounces — But Resistance Is Lurking
Cardano (ADA) has climbed off its recent low of $0.510, helped by strong volume and a break above the 21-day moving average. But now it’s facing tough resistance — both at its current point of control, and at a trendline that used to be support but has now flipped to resistance.
This kind of move is common in bear markets. Prices rise, only to run into past support zones that turn into roadblocks. If ADA can break through, it could head toward $0.750. But if it gets rejected again, another drop back to $0.510 could happen fast.
Bottom Line
XRP and Cardano are showing signs of life, but this could still be a bear market trap. Bulls need to clear a few big hurdles before calling this a true breakout. For now, the market is cautiously optimistic — but still very sensitive to any macro shifts.
If you’re trading either token, it might be smart to watch those resistance levels closely. Sometimes the hardest part isn’t getting a rally — it’s knowing when it’s real.
