Cardano (ADA) price is up 6% in the last 24 hours, bringing its market cap to $34 billion as it attempts to reclaim the $1 level. Despite this short-term gain, ADA’s trend remains uncertain, with technical indicators showing mixed signals.

The ADX suggests weak momentum, while whale accumulation has remained stable, indicating a lack of strong buying pressure. Whether ADA continues its recovery or faces another pullback will depend on key support and resistance levels in the coming days.

Cardano Lacks Clear Trend

Cardano ADX is currently at 15.3, down from 22.2 three days ago after it announced a roadmap of upcoming changes. The ADX (Average Directional Index) measures trend momentum, with values below 20 signaling weak or non-existent trends, while readings above 25 indicate a developing trend.

When ADX rises above 40, it reflects strong momentum in either direction, but the current drop suggests that ADA’s trend has lost strength and is entering a more indecisive phase.

With ADX at 15.3, ADA is in a consolidation period with no clear bullish or bearish momentum. This suggests that price movements may remain range-bound until ADX begins to rise again.

If momentum strengthens and ADX moves back above 25, it could indicate the start of a new trend. However, as long as ADX remains low, ADA price is likely to continue trading sideways without a strong directional move.

ADA Whales Stopped Accumulating

The number of ADA whale addresses – wallets holding between 1 million and 10 million ADA – currently stands at 2,473, remaining within a tight range of 2,465 to 2,476 over the past 15 days.

Tracking these whales is important because large holders can significantly impact market liquidity and price action. An increase in whale addresses often signals accumulation, while a decline may indicate distribution or selling pressure.

The stability in Cardano whale addresses suggests that large holders are neither aggressively accumulating nor offloading their positions. This follows a surge from 2,453 to 2,483 between January 9 and January 14, indicating that whales previously increased their holdings before leveling off.

The current consistency may imply a wait-and-see approach, where whales are positioning themselves for the next major move rather than actively shifting their exposure. If this number starts rising again, it could suggest renewed confidence in ADA’s price potential.

ADA Price Prediction: Will It Surge 20%?

ADA price is currently hovering near its support at $0.95, a critical level that could determine its next move. If this support is tested and fails to hold, selling pressure could increase, pushing ADA down toward $0.87.

A break below this level would signal a continuation of the downtrend, reinforcing bearish momentum.

However, its EMA lines suggest that a golden cross could form soon, which would indicate strengthening bullish momentum. If this crossover happens, ADA price could test the $0.99 resistance, potentially pushing it to $1.03, a potential 20% upside.

Grayscale filed a 19b-4 application to create an XRP ETF. The firm has been petitioning the SEC for several new ETF products in recent weeks, and it’s far from alone in doing so.

The SEC has taken tentative steps at approving an altcoin ETF, but it doesn’t seem to be in a hurry. Trump’s nominee for Chair hasn’t been confirmed yet, and the short-staffed Commission may be playing it safe.

Grayscale’s XRP ETF

Grayscale, the leader in the fight for a Bitcoin ETF, has been offering quite a diverse range of ETF products. After its first listing, it followed up with a Mini Bitcoin ETF and options trading, and currently has live applications for several other crypto products. Today, Grayscale is adding onto this roster, with a new filing for an XRP ETF.

The XRP ETF has been a prominent goal in the crypto community for months, and Grayscale is hardly the first firm to pursue it. Ripple’s CEO Brad Garlinghouse considers the approval “inevitable,” and Polymarket gives the prospect overwhelming odds of success. Still, this hasn’t actually happened yet.

Since Gary Gensler resigned, a huge inflow of ETF applications has reached the SEC. As of yesterday, the Commission made the first steps towards a Litecoin ETF, but there isn’t much other visible progress. Still, ETF analyst James Seyffart urged the community to show some patience regarding its pro-crypto realignment.

“Potentially Hot take: The SEC doesn’t have much of a reason to rush as quickly as possible on this stuff. I personally think they should handle these situations after Atkins is confirmed and in his seat at the SEC,” Seyffart claimed.

Seyffart did not directly respond to Grayscale’s XRP ETF application, but he made these comments less than 15 minutes after noticing the filing. It’s an important rule of thumb to remember, especially considering that the SEC is currently short-staffed.

Ultimately, the XRP ETF seems very likely, but that doesn’t mean Grayscale’s application will go through in the immediate future. For now, the Commission has made a little progress on one altcoin ETF, and will probably do more soon. The price of XRP has barely budged since this application went through, in any event. The community will just have to wait for updates.

RWA altcoins are gaining significant traction as the tokenization of real-world assets continues to reshape crypto. February 2025 is shaping up to be a crucial month for some of the top-performing RWA altcoins, with strong price momentum and increasing institutional backing driving further interest.

From established players like ONDO and OM to emerging tokens like PLUME and Artrade, here are five RWA altcoins to watch closely in the coming weeks.

Ondo (ONDO)

ONDO has established itself as one of the top RWA altcoins, backed by major institutions like BlackRock and Morgan Stanley. As the tokenization of real-world assets gains traction, ONDO stands out as a key player in bridging traditional finance with blockchain technology.

Over the past week, ONDO’s price has surged nearly 20%, bringing its market capitalization close to $5 billion. This growth cements its status as one of the largest RWA protocols and highlights the increasing demand for tokenized assets, as RWA narrative becomes even more relevant.

If the current momentum persists, ONDO could break through the $1.65 resistance level. A move above this could push the price to $1.93, with the potential to test $2 for the first time since mid-December 2024.

Plume (PLUME)

PLUME is emerging as a key RWAfi platform, with 18 million addresses and $4 billion in available assets. Its ecosystem includes major players like Paxos, LayerZero, and Anchorage Digital, and its recent $20 million funding round in December 2024 highlights strong institutional interest.

Its token launched just nine days ago and has surged 67% in the past six days, with a 23% gain in the last 24 hours alone. This rapid growth signals strong demand, positioning PLUME among the most promising RWA altcoins in the market.

If momentum continues, PLUME could test resistance at $0.22. A breakout above this level would lead to new all-time highs, further solidifying its strength in the RWAfi sector.

Mantra (OM)

OM has been one of the top-performing RWA altcoins in recent weeks, gaining over 38% in the last seven days. MANTRA is a RWA Layer 1 blockchain designed to comply with real-world regulatory standards.

OM is now approaching ONDO in market cap, currently sitting near $4.7 billion. Its trading volume remains strong, reaching $197 million in the last 24 hours.

OM has been consistently breaking new all-time highs over the past few days. If the current uptrend continues, it could trade above $5 for the first time, further solidifying its position as a leading RWA platform.

Goldfinch (GFI)

GFI is the native token of Goldfinch, an Ethereum-based lending platform that allows users and institutions to provide USDC loans to real businesses globally. With nearly $100 million in active loans, the project is backed by major investors like Andreessen Horowitz, Coinbase Ventures, and Variant.

Its price has gained around 15% in the past seven days, bringing its market cap to $40 million. Despite its relatively smaller size compared to other RWA altcoins, GFI continues to attract attention as demand for decentralized lending solutions grows.

Although its EMA lines recently formed a death cross, GFI held key support levels and is now rebounding. If momentum continues, it could push past $1.5 and $1.7, signaling a potential trend reversal.

Artrade (ATR)

Artrade is an art-focused RWA marketplace built on Solana, gaining traction as a unique player in the tokenized asset space. Its price has surged over 34% in the past seven days, pushing its market cap to $48 million, with a daily trading volume of $1.3 million.

If momentum remains strong, Artrade could break through the $0.048 resistance level. A successful breakout could send the price toward $0.07, representing an 84% potential upside.

With the growing interest in RWA altcoins, Artrade’s niche in digital art and its position on Solana give it a strong foundation for continued growth.