The crypto market is under pressure in 2025 due to external factors like tariff impositions causing massive sell-offs. Let's examine the prospects for XRP and ADA in March 2025.
Overview of the Cryptocurrency Market
The crypto winter seems harsher this year, with popular tokens losing ground. External factors such as tariff impositions have had a negative impact on crypto markets, causing extensive sell-offs, including billion-dollar outflows in spot ETFs. Bitcoin is struggling to maintain $80,000, Cardano has slipped below the critical support level, but the XRP price holds above the pivotal range.
Cardano (ADA) Price Analysis
Recent bearish action has caused the ADA price to plunge by over 20% from the consolidation phase around $0.77. While potential impacts from an XRP & LTC ETF have been positive, ADA has maintained its sluggish trend. Selling pressure has increased, raising the fear of a drop to $0.55.
Ripple (XRP) Price Analysis
The Ripple price is facing significant bearish pressure but remains within a bullish range as bulls hold the crucial support at $2. The token fell to this range at the beginning of the year, pushing the price to new highs above $3.3. Therefore, traders can anticipate similar price actions as the XRP price shows signs of a breakout.
Amid current market volatility, investors should be cautious in evaluating XRP and ADA prospects for March 2025. Both tokens display potential for recovery, but the risk of decline under market influences persists.
