Crypto analyst ProjectSyndicate has made a bullish case for the XRP price, which he predicts could record 40% gains soon enough. The analyst also revealed the price level, which he believes is ideal for market participants to buy and hold XRP. 

XRP Price Eyes 40% Gains As Analyst Reveals Key Level

In a TradingView post, ProjectSyndicate predicted that the XRP price could witness a 40% move to the upside soon enough. This came following his analysis of XRP’s 4-hour chart. He noted that the outlook remains bullish despite the current pullback in progress. The analyst added that buying low is still a perfect trade setup with low risk. 

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Project Syndicate remarked that the price is currently in correction mode after the retest of the all-time high. He added that there is limited upside at the current market price of $2.50. In line with this, he asserted that the pullback isn’t complete and predicted that XRP could still drop to as low as $2 before it records the 40% gains that he predicted. 

Based on his strategy of buying low, he recommended that market participants should look to buy and hold the crypto when its price drops to $2. He also advised that they should take profit when XRP records the 40% gains as it rebounds to $2.80. 

The XRP price has suffered one of the worst pullbacks among the major caps amid the current bearish sentiment in the crypto market. As a result, XRP has also lost its spot as the third-largest crypto by market cap, dropping to number four behind USDT. 

However, amid this pullback, crypto analyst ColdBloodedCharter has also stated that now is a great opportunity to accumulate XRP. He highlighted $2.50, between $2.25 and $2.30, and between $1.90 and $2 as buy-the-dip levels that “make sense.”

This Pullback Could Be The Final Low Before Liftoff

In an X post, crypto analyst CasiTrades raised the possibility of this pullback being the final low before a price liftoff. She asserted that there has been no change to the overall bullish setup on XRP, although the crypto is now targetting Wave 3 down extensions at $2.16, $1.87, and $1.57 for the next major support. 

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The crypto analyst opined that the XRP price is in the fifth wave of C within an ABC pattern for a large Wave 2. She added that the sell-off massively extended the asset past C targets, but the pattern still needs to be completed. With this development, CasiTrades stated that this means that XRP could be at the final low before a massive Wave 3 up begins. She added that this would send the altcoin past previous all-time highs (ATHs) with minimal resistance. 

At the time of writing, the XRP price is trading at around $2.45, down almost 3% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Medium, chart from Tradingview.com

Cardano’s price has failed to sustain any meaningful recovery, invalidating the previously anticipated bullish pattern. Despite oversold conditions suggesting a potential reversal, ADA remains under pressure. 

Market conditions indicate that an immediate rebound is uncertain, with sellers maintaining control. Investors remain cautious as Cardano struggles to reclaim key resistance levels.  

Cardano Traders Are Prone To Losses

Cardano’s liquidation map highlights over $4.66 million worth of ADA at risk of liquidation if the price rebounds toward the $0.77 resistance. This suggests that bearish traders have aggressively bet on further declines. Their dominance has driven the funding rate negative, indicating strong short interest and hesitation among bullish investors.  

However, the broader market sentiment does not entirely align with this bearish outlook. While shorts currently hold the upper hand, any unexpected shift in buying momentum could trigger a wave of short liquidations.

Technical indicators suggest Cardano is experiencing extreme selling pressure, with the Relative Strength Index (RSI) now in the oversold zone. This marks the first instance in six months where ADA has reached this level, typically signaling that bearish momentum is nearing exhaustion. Historically, such conditions have led to minor recoveries.  

However, Cardano has repeatedly demonstrated that an oversold RSI does not necessarily translate into significant price rallies. While some assets bounce back sharply after hitting oversold territory, ADA has struggled to capitalize on these moments. As a result, expecting a rapid recovery remains speculative unless broader market conditions improve substantially.  

ADA Price Prediction: Recovery Is Likely

Cardano’s price has dropped by 25% over the past week, now trading at $0.71. The asset found support at $0.70, preventing further downside for now. However, the absence of strong bullish momentum raises concerns about ADA’s ability to recover in the near term.  

With the previously established bullish falling wedge pattern now invalidated, ADA may struggle to post any significant gains. Given current market conditions, the price is likely to remain range-bound between $0.70 and $0.77. Until a breakout occurs, traders should expect continued consolidation within this zone.

A decisive move above $0.77 could shift momentum in favor of buyers. If ADA flips this resistance into support, a short squeeze may follow, triggering liquidations and fueling a potential rally to $0.85 breaching, which is crucial for ADA to reach $1.00.

However, a rally to $1.00 is far away since, without this breakout, upside potential remains limited, and Cardano could stay trapped in a tight range. 

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