With recent updates about Cardano's collaboration with XRP, the platform's prospects are being discussed, but what is the impact on ADA's price?
Strategic Development of Cardano and XRP
With recent steps to expand interoperability with XRP, including the upcoming *Glacier Drop*, during which NIGHT and DUST tokens will be distributed to XRP holders, Cardano shows a commitment to strengthening cross-chain relationships. The Lace Wallet has already integrated XRP support, and active discussions are underway to onboard Ripple’s RLUSD stablecoin into the Cardano ecosystem.
Current Positions and ADA Price Analysis
The current price of ADA stands at $0.6099, reflecting a 2.42% decrease over the past day. Its market capitalization has dropped to $21.55 billion, representing a 2.44% loss. The 24-hour trading volume has plummeted by 17.32% to $597.75 million, indicating decreased interest from short-term traders.
Technically, ADA is currently trading within the accumulation zone between $0.51 and $0.62. Recent candles on the 4-hour chart show ADA struggling below the Bollinger mid-band, suggesting continued selling pressure.
Outlook and Key Resistance Levels
The RSI sits near 34.97, nearing the oversold territory, which could hint at a short-term relief bounce. However, the RSI still lags below the signal line at 42.89, pointing to weak bullish conviction. ADA faces strong resistance in the $0.75–$0.78 range, which has failed to be breached in past rallies. Until it reclaims $0.62 and re-tests the $0.70 zone, ADA remains vulnerable to further consolidation or downside.
Cardano's development as a cross-chain platform and its collaboration with XRP open up new possibilities, yet the current market situation and price decline require careful analysis for subsequent trading decisions.
