The **Cardano (ADA)** and **XRP** price forecasts highlight contrasting technical setups, with ADA showing potential for a rebound while XRP faces bearish pressure due to weak demand and increasing supply. Here’s a breakdown of the key insights:
### **Cardano (ADA) Price Forecast: Triangle Rebound in Play**
- **Current Trend**: ADA has been consolidating in a **symmetrical triangle pattern**, indicating indecision between buyers and sellers.
- **Key Levels**:
- **Support**: Around **$0.45–$0.47**, a critical zone where buyers may step in.
- **Resistance**: Near **$0.55–$0.60**, the upper trendline of the triangle.
- **Potential Rebound**: If ADA holds above the triangle’s lower boundary, a breakout toward **$0.60** or higher could follow.
- **Bearish Risk**: A breakdown below **$0.45** could trigger a deeper correction toward **$0.40** or lower.
### **XRP Price Forecast: Weak Demand & Rising Supply Threaten Downtrend**
- **Current Weakness**: XRP is struggling with **low buying interest** and **increasing sell pressure**.
- **Key Levels**:
- **Support**: **$0.48–$0.50**, a crucial zone that, if broken, could accelerate declines.
- **Resistance**: **$0.55–$0.60**, where sellers have been active.
- **Bearish Scenario**: If demand doesn’t improve, XRP could drop toward **$0.45–$0.42**.
- **Potential Reversal**: A surge in volume and break above **$0.60** could invalidate the downtrend.
### **Conclusion:**
- **ADA** has a chance for a rebound if it holds the triangle support, but a breakdown would signal further downside.
- **XRP** is at risk of a downtrend due to weak demand and rising supply—watch the **$0.48–$0.50** support closely.
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