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Expert Says XRP Turn Could Be Fun as BTC Went from $40K to $126K After ETFs

Lele Jima
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Expert Says XRP Turn Could Be Fun as BTC Went from $40K to $126K After ETFs

Popular crypto commentator Zach Humphries suggests that XRP is gaining regulatory treatment akin to Bitcoin.

Accordingly, he argues XRP could see growth similar to BTC’s surge following its ETF launch. Humphries shared this perspective amid the imminent launch of the Bitwise XRP ETF (XRP) that has generated significant excitement within the crypto community. 

Bitwise confirmed that its XRP ETF will begin trading today on the NYSE, offering investors direct exposure to the underlying token. 

Amid this, Humphries emphasized the ETF’s importance, noting that XRP is gaining legitimacy and is now receiving regulatory treatment similar to that of Bitcoin and Ethereum. He noted that institutional investors can now access XRP without dealing with the complexities of exchanges or cold storage. 

XRP Could Mirror Bitcoin Rally? 

The pundit also highlighted the potential upside by drawing a parallel to Bitcoin’s market trajectory following the approval of its first spot ETF. 

In the commentary, Humphries noted that Bitcoin traded around $40,000 when the SEC authorized a wave of spot BTC ETFs in January 2024, and later surged to $126,000.

The approval of Bitcoin ETFs unleashed new demand for Bitcoin, enabling institutional capital to flow into BTC through the regulated investment vehicle and ultimately fueling a powerful rally.

Data from CoinMarketCap confirms that Bitcoin hovered around $47,000 when the SEC approved spot ETFs in January 2024. As demand for these products surged, Bitcoin’s price rose sharply. 

The apex crypto continued its rally, eventually reaching $126,000 last month. This represents an increase of 168% from Bitcoin’s price at the time the ETF launched.. 

Notably, Humphries believes that since Bitcoin’s price nearly tripled following the approval of multiple spot ETFs, XRP could experience similar growth as more spot ETFs tied to the token launch in the U.S. 

“This Will Be Fun” for XRP

He expressed excitement about XRP’s potential to attract institutional interest and replicate the price momentum seen with Bitcoin. “This will be fun,” he said. 

For context, if XRP were to achieve comparable growth of 168%, its price could rise from the current $2.12 to $5.68, a target that many analysts suggest could materialize as early as next year. 

Meanwhile, the Bitwise XRP ETF is set to become the second spot XRP ETF to launch in the United States, following Canary Capital’s fund. After Bitwise’s debut, ETFs from Grayscale, Franklin, and 21Shares are in line to launch this November 24.

Expert Predicts RLUSD Will Bring the World onto XRP Rails 

Lele Jima
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Expert Predicts RLUSD Will Bring the World onto XRP Rails 

Phil Kwok, co-founder of the Web3 education platform EasyA, has shared a promising outlook on how RLUSD could accelerate global adoption of XRP. 

In a recent commentary, Kwok asserted that Ripple’s stablecoin, Ripple USD (RLUSD), will “bring the world onto XRP rails.”

RLUSD to Attract Global Users to XRP Rails

Notably, Ripple fronted RLUSD in major acquisitions, including its deal with Hidden Road, now rebranded as Ripple Prime.

While some have previously expressed concerns that RLUSD might replace XRP, Kwok’s statement adds to the growing perspective that RLUSD will benefit XRP within the Ripple ecosystem rather than overshadow it.

In other words, RLUSD’s existence does not diminish XRP’s prospects but strengthens its long-term value. According to Kwok, the stablecoin will ultimately guide users and institutions worldwide onto XRP’s rails.

Following his forecast, many questioned how RLUSD could realistically attract users. Bitcoin proponent Dave Weisberger, for instance, asked about the stablecoin’s potential impact on XRP’s price.

In response, Kwok argued that the stablecoin’s true significance lies in its ability to bring high-quality collateral on-chain. By doing so, RLUSD enhances the overall utility and value of the XRP Ledger (XRPL), the blockchain that underpins XRP.

Kwok highlighted that RLUSD is not the “endgame” but rather a bridge asset—one that will smooth the transition of high-quality collateral onto the XRPL. Once that capital and global user activity arrive, he suggests XRP will naturally benefit through increased demand and relevance across the network.

Ripple USD Expanding Integration

Since its launch, RLUSD has been steadily expanding its utility across multiple markets and use cases. In September, Ripple partnered with Securitize to enable institutional investors to swap shares of BlackRock’s BUIDL fund and VanEck’s VBILL directly for RLUSD. This showcases its potential as a bridge for high-quality assets onto XRP rails.

That same month, Tembo, the electric vehicle subsidiary of XRP treasury company VivoPower, adopted RLUSD as a payment method, demonstrating the stablecoin’s growing real-world use.

Ripple has also extended RLUSD’s reach into Africa through strategic partnerships with Yellow Card, VALR, and Chipper Cash, thereby expanding adoption across emerging markets. These integrations illustrate how RLUSD is serving as a practical on-ramp, gradually bringing global users and capital onto the XRPL and paving the way for broader XRP adoption.

Kwok Bullish on RLUSD’s Potential Dominance

In the meantime, some users questioned how RLUSD could “bring the world” onto XRP’s rails if its circulating supply is only $1 billion.

One user noted that RLUSD’s current valuation is far below those of its main rivals, such as USDT and USDC, which are at $183.73 billion and $74.43 billion, respectively.

In response, Kwok pointed out that RLUSD is still relatively new, having been in existence for just a year. While USDT and USDC now command massive valuations, they also began on a small scale and expanded as market demand grew.

For context, RLUSD launched in December 2024 on both Ethereum and the XRP Ledger. Since then, it has grown to a market cap of $1.02 billion, despite being less than a year old.

What’s Next for Cardano Price as Key Support Flips to Resistance

Albert Brown
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What’s Next for Cardano Price as Key Support Flips to Resistance

Cardano has faced a critical support-to-resistance flip, with key Fibonacci levels and bullish signals suggesting potential for a rally.

Cardano (ADA) has had a relatively volatile week, experiencing moderate but negative fluctuations in its price over the past few days. The 24-hour chart shows sideways activity, with a slight 0.4% change in the last 24 hours. The price moved from around $0.439 yesterday to settle at its current value of $0.468. 

This shows a stable pattern of movement for Cardano, as the price stays within a narrow range, suggesting a somewhat consolidated market over the past day. 

Looking at the longer trend, in the last week, ADA has shown a more significant drop of approximately 16.8%. This performance has left market watchers speculating if ADA will continue to test support levels or flip to the bullish side and test resistance.

Cardano Price Analysis

The ADA weekly chart on TradingView shows price action that highlights key support and resistance levels based on Fibonacci retracement levels. After ADA experienced a rally, peaking at $1.01 around August 14, the price has since retraced and is now testing key Fibonacci levels for support. 

Screenshot 2025 11 20T113341829
Cardano

The most immediate support zone lies at the 1.618 retracement level, around $0.196, which is a critical area to monitor if the price continues to decline. This level represents a strong potential reversal point.

On the other hand, the 1 retracement level, positioned around $0.5105, has flipped into resistance, as the price has already fallen below it. Above that, the 0.786 retracement level at $0.6193 and the 0.618 level around $0.70 are important areas to watch, providing resistance zones that ADA bulls must break through. 

Meanwhile, the MACD at the bottom of the chart supports a bearish outlook, with the histogram showing waning bullish momentum. The MACD line is also below the signal line, another bearish indicator. This shows that ADA could continue facing selling pressure, especially if key Fibonacci support levels fail to hold.

Can Cardano Surge 1,100%?

Elsewhere, Crypto Patel, a key opinion leader on X, is actually bullish on Cardano, suggesting that the crypto has just retested the same crucial level that triggered its last parabolic run. According to his chart, ADA is trading around the bullish order block at $0.46, which he believes could be the catalyst for another explosive rally. 

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He points out that during the last breakout from this level, ADA surged by over 3,000% to $3.1 by September 2021. He also emphasizes that any drop below the $0.35 mark would invalidate the bullish scenario. 

In his chart, he projects three key resistance levels. First resistance is at $1.203 and the next is at $2.95, while the final resistance sits around $5.81. For perspective, Cardano would need to surge approximately 1,130.34% from its current price of $0.468 to reach $5.8.

Analyst Says Franklin Templeton XRP ETF Could Save XRP From a Crash to $0.66

Sam Wisdom Raphael
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Analyst Says Franklin Templeton XRP ETF Could Save XRP From a Crash to $0.66

A market analyst suggests XRP price could see steeper declines below $1 unless the forthcoming Franklin Templeton XRP ETF offsets the bearish pressure.

With the broader crypto market seeing persistent declines over the past few weeks, XRP has not escaped the onslaught. Specifically, the crypto asset has lost over $43 billion from its market cap since October, with prices down by more than 27% within this period. XRP now trades at the lower end of the $2 range, changing hands at $2.11.

The Multi-Month XRP Symmetrical Triangle 

Notably, amid this downtrend, Block Bull, a well-known market analyst, has called attention to a more troubling development on the weekly XRP chart. In a recent analysis, the market watcher pointed out that XRP had broken below a crucial symmetrical triangle that had held since July 2025 on the weekly chart.

Specifically, while the lower ascending trendline of this symmetrical triangle emerged following the recovery from the $1.6 low in April 2025, providing support, the upper descending trendline took shape in July 2025 after XRP collapsed from the $3.66 all-time high.

XRP 1W Chart Block Bull
XRP 1W Chart | Block Bull

Since July, the upper trendline has capped XRP’s upward push, leading to lower highs, while the lower trendline has provided a cushion for when bearish pressure emerges, leading to higher lows. 

For context, symmetrical triangles typically emerge when volatility drops, and have an equal chance of a breakout in either direction. Interestingly, after falling from $3.66 in July, XRP had been retesting the upper trendline, eyeing an upward breakout. However, the bears persistently presented resistance at the trendline.

Breakdown Spells Trouble

Notably, the bears eventually had the upper hand last week, as the ongoing bearish trend resulted in a breakdown. Citing this unfavorable turn of events, Block Bull suggested that XRP now remains in a very dangerous situation that needs to immediately improve. “Long way down for $XRP if it doesn’t recover in the next couple of weeks,” the analyst remarked.

Essentially, he expects this breakdown to lead to steeper declines for XRP, pointing to a long-term ascending trendline that previously acted as support at lower prices before the November 2024 run. 

This trendline, which currently sits at $0.66, has provided cushion since March 2020, and Block Bull believes XRP could drop to this level if it doesn’t push back inside the symmetrical triangle in weeks. For perspective, a drop to $0.66 from the current price would culminate in a massive 68% crash.

Franklin Templeton XRP ETF Could Help

Interestingly, while the bulls could indeed invalidate this bearish tendency, Block Bull presented one factor that may contribute to the recovery: the imminent launch of the Franklin Templeton XRP ETF. For context, the product was expected to debut on Nov. 18, but delays pushed it further to Nov. 24.

Block Bull’s confidence in the Franklin ETF comes from the performance of the Canary Capital XRP ETF (XRPC), which launched with an impressive $245 million worth of inflows. Notably, Franklin Templeton, which boasts over $1.6 trillion in AuM, is much larger than Canary Capital, leading to speculations that its ETF product could see a similar success.

Serial AI Startup Founder Says Native XRP Would Not Be for Sales Directly by 2030

Elendu Benedict
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Serial AI Startup Founder Says Native XRP Would Not Be for Sales Directly by 2030

Software engineer and serial AI startup founder Vincent Van Code has made a bold prediction about XRP and its public sales by 2030.

XRP has a circulating supply of 65.2 billion tokens, according to data from XRPSCan. This means that fewer than 35 billion of the total 100 billion supply remain to be released, with 14.24 million already burned.

Yet, Van Code believes that in the near future, native XRP tokens will no longer be available for direct sale to retail traders. Building on this, he claimed that XRP holders “don’t know what you hold.”

XRP to Become a Wholesale Token

Notably, the software engineer’s context for this audacious assertion follows the choice of ticker for the Bitwise XRP ETF. For context, the prominent asset manager announced yesterday that it would launch the XPR-focused spot product today Thursday, under the ticker “XRP.”

In response, XRP community figure Krippenreiter asked why Bitwise was able to select XRP as the official ticker. Given the similarity with the token itself, he joked that analysts and pundits would now have to write explainers to differentiate the XRPL native token from the ETF product.

However, Van Code had other ideas for this choice of ticker. He claimed this was part of a broader consensus to make the native XRP token a wholesale asset.

The engineer claimed that wholesale settlement, custody, and transfers were the endgame for the native XRP token and the XRP Ledger. He added that when this happens, retailers will access XRP only through the ETF market and other market-maker-style exposures.

Timeline for Institutional Takeover

Notably, his projection suggests an institutional takeover, with large banks, fund managers, and possibly digital asset treasury companies scooping up the asset’s supply. In this narrative, only major market players and a few individual holders who refused to sell now would hold the asset directly.

This builds on the widespread sentiment in the XRP community that institutions would need the asset for cross-border settlements. XRP’s crucial role in capturing this $250 trillion market opportunity is the bedrock for multiple emerging explosive price projections.

Interestingly, he believes it would not be long before institutions take over. Van Code highlighted that the “playbook is just progressing along,” with 15 years as the timeline for this new reality. Specifically, he predicts that the timeline would conclude in 2030, which is less than five years from now.

Meanwhile, an earlier analysis highlighted the impact on XRP’s price if up to 80% of its circulating supply were locked in staking, projecting a possible rally to between $41.67 and $83.33. This suggests that XRP could see much higher prices if the supply shock affects its total supply.

New DeFi Player GANA Payment Suffers Multi-Million Dollar Hack

Zabi
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New DeFi Player GANA Payment Suffers Multi-Million Dollar Hack

GANA Payment suffered a major breach on the Binance Smart Chain earlier today, with more than $3.1 million drained from the project. 

The incident marks a significant setback for the platform, which only recently entered the decentralized payments market.

Attacker Routes Funds Through Mixing Services

According to on-chain analyst ZachXBT, the hacker moved fast after the theft. Initially, the attacker sent 1,140 BNB, worth about $1.04 million, into Tornado Cash on BSC.

Subsequently, the individual bridged a large portion of the stolen assets to Ethereum. Afterward, the hacker deposited 346.8 ETH, valued at $1.05 million, into Ethereum’s Tornado Cash.

However, another 346 ETH remains idle in an Ethereum wallet, waiting for further action. Taken together, this pattern suggests the attacker may still be planning additional transfers.

Breach Follows Recent Infrastructure Launch

The breach came only days after GANA Payment unveiled its decentralized payment framework.

The system aims to reduce remittance delays and lower fees for users in emerging markets. It also aims to improve access for small merchants struggling with traditional financial channels.

This infrastructure is built around a PayFi model that blends payment rails with decentralized finance features. Through this approach, the platform enables programmable transfers, verifiable transaction flows, and real-time auditing.

According to the team, the model is built to provide merchants and partners with transparent processes and instant settlement, strengthening the reliability of digital payments.

Moreover, to reinforce user trust, GANA Payment stresses a comprehensive compliance strategy. Its framework includes KYC/KYB checks, on-chain transaction audits, and regulatory cooperation.

Additionally, the project created the GANA Labs Foundation to support governance. The foundation oversees fund allocation, development grants, and community monitoring. It also publishes disclosures to maintain transparency.

Despite the recent breach, the project continues with a clear mission to expand financial access in regions where remittance fees remain high and secure transfer channels are limited. 

Through transparent governance and ongoing development, the team hopes to advance a more inclusive and efficient global payment environment.

Here is the Level Ethereum Needs to Hold for a Surge Towards $3,300

Albert Brown
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Here is the Level Ethereum Needs to Hold for a Surge Towards $3,300

Ethereum must hold key support levels to avoid further declines and potentially target higher resistance zones, amid recent institutional outflows.

The latest Ethereum price chart still shows a decline over the past 24 hours, dropping by 0.9% to a current price of $3,020. Ethereum’s price fluctuated approximately between $2,872 and $3,103 during this period, suggesting a moderate level of volatility. In the last 24 hours, Ethereum’s trading volume stands at $35.9 billion, up 16.24%.

The 7-day and 14-day performance has indeed been lagging, with a notable drop of 14.7% and 10.6%, respectively. This decline points to a weaker market sentiment and potential resistance in the short to mid-term.

Ethereum Price Analysis

Notably, the 1-day Ethereum technical chart indicates a price pullback from recent highs, as evidenced by the strong downward movement. Using the Fibonacci retracement tool, key levels can be identified at various price regions. 

Screenshot 2025 11 20T104737762
Ethereum

Notably, the 0 Fibonacci support, which was located around $3,060, has already been breached and shifted into resistance, suggesting a deeper correction. The price is currently looking for a bounce above this level, which could help launch ETH towards higher liquidity zones. 

If Ethereum fails to hold this level, the next possible support zone lies at the $2,878 mark. However, if ETH maintains the $3,060 mark and manages to bounce off it, it could potentially target higher resistance levels around $3,341 and $3,515, corresponding to the 0.236 and 0.382 Fibonacci levels.

Meanwhile, the Relative Strength Index on the chart is currently at 33.61, indicating that Ethereum is moving toward the oversold region, which suggests a potential for a price rebound. Typically, an RSI value below 30 is considered oversold, signaling potential bullish divergence or a correction in the price trend.

Ethereum ETFs Face Massive Outflows

Adding on the bearish sentiment, data provided by analyst Ted shows recent Ethereum ETF outflows, totaling $37.4 million on November 19, 2025, with BlackRock accounting for a significant portion, offloading $24.6 million in Ethereum. Grayscale also saw outflows totaling $15.7 million on the same day.

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This activity suggests a period of reduced confidence in those products or profit-taking. Other institutional players such as Fidelity, Bitwise, and VanEck, showed flat changes, with Invesco standing out with positive flows worth $2.9 million.

The outflows and sales by institutional investors could create downward pressure on the price of Ethereum in the short term. If such trends continue, it could signal a bearish sentiment towards Ethereum.

Here’s How Much XRP a BlackRock ETF with $100B Would Hold if XRP Hits $220

Mark Brennan
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Here’s How Much XRP a BlackRock ETF with $100B Would Hold if XRP Hits $220

A market pundit suggests that the XRP price would need to surge higher to accommodate the accumulation from funds like a potential BlackRock XRP ETF.

Notably, the Canary Capital XRP ETF (XRPC), which went live on Nov. 13, has performed exceptionally well despite the bearish mood across the crypto market. This has led to increased discussions around the potential impact of more XRP ETFs.

XRP Price Must Rise to Accommodate ETF Accumulations

Specifically, XRPC brought in $245 million on its first day and has maintained inflows for four straight days. Most recently, it added another $15.82 million on Nov. 19, lifting total inflows to $292.61 million. At current prices, this amount equals more than 138 million XRP collected in just four days.

This rise in ETF-driven demand has encouraged community commentators to look ahead, as they estimate how much buying pressure could build once more XRP ETFs begin trading. 

Chad Steingraber, a game designer, has been one of the most vocal voices in this regard. Most recently, he argued that XRP would need to climb significantly to prevent large funds from absorbing too much of the available supply at today’s prices. 

According to him, if 12 XRP ETFs launch and each one buys millions to billions of XRP tokens, the market could face major strain, and the supply could run tight within a year unless XRP rises enough to balance the accumulation.

The Prospect of a BlackRock XRP ETF with $100B AuM

After he shared the outlook, someone asked him to factor in a scenario where BlackRock joins the market. Responding, he presented a model in which a hypothetical BlackRock XRP ETF aims for $100 billion in AuM. Interestingly, he called this the starting point. 

Steingraber noted how much XRP that amount would represent at different prices. Specifically, at XRP’s current price of $2.11, the fund would procure 47,393,364,928 XRP at a $100 billion AuM. This would put a massive strain on the circulating supply, which only sits at 60 billion at press time.

However, if XRP rises to $12, the same AuM would equal 8,333,333,333 XRP tokens, representing only 13% of the circulating supply. Further, if the price hits $25, the required holdings would drop to 4,000,000,000 XRP. Meanwhile, if XRP price claims $220, it would fall to 454,545,454 XRP tokens.

This shows that if BlackRock ever targets $100 billion in XRP assets, the price may need to climb toward $220 so the required holdings shrink to roughly 454 million units, reducing the pressure on supply. 

A Familiar Trend with Bitcoin ETFs

A familiar trend happened in the Bitcoin ETF market, but at a much lower scale. Notably, the 12 Bitcoin ETFs now hold $117.34 billion worth of Bitcoin. At today’s price of $92,500, this adds up to 1.27 million BTC, which is 6.3% of the available supply. 

However, if Bitcoin had stayed at $46,000, its level in January 2024, when ETFs launched, that same $117.34 billion would equal 2.55 million BTC, or 12.8% of the current supply. Such a lower price places more pressure on the Bitcoin supply than the current price does.

Essentially, this commentary shows how rising prices help the market absorb large-scale accumulation by preventing supply shocks. Steingraber believes new XRP ETFs could create similar pressure, which may lift prices as demand intensifies.

Notably, the Franklin Templeton XRP ETF was set to start trading on Nov. 18, but the launch faced delays, with the new launch date potentially being Nov. 24 alongside the Grayscale product. Meanwhile, Bitwise is expected to release its XRP ETF today, according to Bloomberg ETF analyst James Seyffart.

Important Disclaimer

However, it is important to note that Steingraber’s scenario rests on several assumptions that may not materialize. BlackRock, along with Fidelity and VanEck, has said it does not plan to file for an XRP ETF, much less one with a $100 billion AuM target.

Moreover, the $100 billion target within two years appears highly audacious. For context, even BlackRock’s leading Bitcoin ETF, its most successful crypto product so far, holds $69.74 billion as it approaches the two-year mark. As a result, it is rather ambitious to expect an ETF for XRP, which has a significantly lower market cap, to hit this milestone.

Top Trader Sets XRP to $5.71, Says Our Algorithms Haven’t Missed Yet for XRP

Abdulkarim Abdulwahab
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Top Trader Sets XRP to $5.71, Says Our Algorithms Haven’t Missed Yet for XRP

Cypress Demanincor, CEO of CYPRX Superior Trading, believes XRP is set for a major move once broader market conditions shift back to “risk-on.”

According to him, institutional data highlights three strong upside targets for XRP: $3.82 (its 2018 peak), followed by new price discovery levels at $4.44 and $5.17.

“Our Algorithms Haven’t Missed Yet”

Demanincor noted that CYPRX’s institutional software has detected dark-pool liquidity at each level, adding that his algorithms “haven’t missed yet.”

In other words, the CEO is claiming his trading algorithms have successfully predicted past moves, implying that these future targets are credible.

For now, he highlighted accumulation zones at $2.21, $2.06, $1.90, and $1.56, advising traders to “save all these levels.”

At press time, XRP is trading at $2.13, down 14.52% over the past week. While the coin is now within the range Demanincor identified as accumulation, his statement suggests XRP could still fall further to as low as $1.56. Meanwhile, the coin is already trading about 30% below the price it reached eight weeks ago.

From the current level, reaching $1.56 would represent additional losses of 26.7%. Meanwhile, his bullish target of $5.71 implies gains of 231% if the $1.56 dip materializes. Otherwise, from the current price, the gain would be 143%.

XRP ETF Momentum Adds Fuel to the Outlook

Demanincor’s price roadmap comes as the new Canary Capital XRP ETF delivered one of the strongest debuts in crypto ETF history. The fund recorded $58.5 million in day-one turnover and $245 million in net inflows.

Interestingly, momentum has continued despite XRP’s recent price declines. The fund has registered inflows every trading day since its debut, with the latest inflow on November 19 totaling $15.82 million. So far, the Canary Capital XRP ETF has seen approximately $300 million in total inflows.

Separately, the Bitwise XRP ETF is launching today, with high hopes that a new record could emerge.

Essentially, the influx of capital into the ETF market has strengthened sentiment around XRP’s long-term trajectory. Many view ETF flows as a key factor that could support XRP price surge over the coming weeks.

What Comes Next for XRP?

As institutional flows build, commentators are hopeful that the market conditions will shift into the “risk-on” environment that Demanincor says could unlock his projected price zones above $3.80.

A separate analysis by XRP commentator Chad Steingraber outlines two likely outcomes following the debut of spot XRP ETFs. In one scenario, XRP’s price remains flat while ETFs gradually acquire the entire circulating supply over a year.

In the other, prices surge first, slowing ETF accumulation. Either way, he views the outlook as positive for holders, as scarcity or rising demand should boost prices.

Cardano Just Retested the Level That Triggered Its Last 3,000% Parabolic Run: Analyst

Elendu Benedict
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0
Cardano Just Retested the Level That Triggered Its Last 3,000% Parabolic Run: Analyst

A bullish price action could be imminent for Cardano, as a recent analysis identifies a recurring pattern that previously triggered an explosive move.

Cardano is on the verge of recording a massive northward push, an analysis from Crypto Patel highlighted. The November 19 commentary identified that a pattern that spurred an over 3,000% rally for ADA is forming again on the weekly chart, and a repeat would be massive for the coin.

History Repeating for Cardano

Notably, the analysis comes as Cardano looks poised to post its fourth weekly red candlestick. During this period, which spans from late October, ADA has corrected from a high of $0.693 to its current market price of $0.467.

However, Crypto Patel highlighted that ADA has now reached a bullish order block, one with a history of marking the start of a parabolic expansion for the cryptocurrency. If past precedent is anything to go by, then he believes Cardano could fly from here.

For perspective, ADA saw a similar pattern during the previous cycle. In May 2020, it broke out of a descending trendline, sparking a rally past a former resistance zone around $0.107.

After breaking out to a high of $0.155 in July 2020, it retested this zone and confirmed it as new support. Notably, this successful retest started a parabolic phase for Cardano, resulting in an over 3,000% rally to its August 2021 all-time high of $3.106.

Price Target If ADA Run Starts

A similar pattern has now emerged in the current cycle. Specifically, after Cardano broke out of a descending channel in November 2024 to reach a high of $1.327 in December, the cryptocurrency is now retesting a key support area. The OB, between $0.51 and $0.42, aligns closely with the former resistance trendline, serving as a crucial point for a bullish price development.

Cardano Price Analysis/Crypto Patel
Cardano Price Analysis/Crypto Patel

If ADA bounces from here, then it might repeat the price growth recorded in the previous occurrence. A 3,000% rally from the current market price would take ADA to around $14.5. However, this exact growth might not materialize due to ADA’s large market cap and the concept of diminishing returns.

Meanwhile, Crypto Patel highlighted three targets for the rally and a point of invalidation.

The first target is the resistance at $1.202, which represents a 157% gain. The second resistance target is at the $2.949 mark, culminating in a 531% increase from the current market price. Ultimately, he predicts a rally to $5.811, which would mark a 1,144% growth from here.

However, the analyst highlighted that a dip to $0.35 would invalidate this pattern. ADA would have to fall another 25% from its current market price to reach this level.

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