XRP News Today: XRP Hits New All-Time High at $3.66, Up 14.60% Cardano Surges 15.55% to $0.8699 on ETF Optimism

XRP, the cryptocurrency associated with Ripple, has reached a new all-time high (ATH) of $3.66, marking a significant milestone in its price trajectory. This surge in XRP's value has been driven by increased institutional interest and a general bullish sentiment in the cryptocurrency market. The price of XRP has shown remarkable momentum, closing above the key psychological level of $3 on Wednesday and rallying by 14.60% the following day. At the time of writing, XRP continues to trade higher, reaching its new ATH of $3.66. This upward trend suggests that XRP could extend its rally toward its 141.40% Fibonacci extension level at $4.13, drawn from the January high of $3.40 to the April low of $1.61. However, traders should be cautious as the Relative Strength Index (RSI) indicator on the daily chart reads 89, indicating an extreme overbought condition. Despite this, the Moving Average Convergence Divergence (MACD) indicator suggests further gains for XRP ahead. If XRP faces a correction, it could extend the decline to find support around its daily level at $3.40.

Cardano (ADA) has also experienced a notable surge in its price, with a 15.55% increase in the last 24 hours, bringing its value to $0.8699. This surge comes alongside a nearly 100% volume surge, indicating heightened market activity and interest in the cryptocurrency. The price of ADA has also seen a 24.88% increase on the week, suggesting a strong bullish momentum. The market capitalization has grown to $30.78 billion. The catalyst for this surge includes a mix of ETF optimism, Grayscale’s increased ADA allocation, and a broader altcoin rotation that’s putting high-beta assets back in focus. Cardano’s breakout above the psychological resistance at $0.83 marks a crucial bullish shift. The 4-hour chart shows strong follow-through with tight Bollinger Band expansion, which further confirms the price volatility on the upside. Current resistance lies at $0.88–$0.90, but with momentum intact and RSI still at 76.69, the market could push ADA towards the $1 psychological barrier over the weekend. That being said, short-term supports are firming up at $0.76, with a deeper safety net around $0.655. The Bollinger Bands’ middle line (20-SMA) at $0.7678 also acts as dynamic support in case of minor corrections. On the daily timeframe, ADA has confirmed a breakout from a long-standing descending channel. The next major technical target for Cardano lies at $1.17, a resistance level marked from February’s failed rally. The daily RSI at 83.06 signals ADA is in overbought territory, which may lead to short-term pullbacks. However, as long as the price sustains above $0.83–$0.85, the bias remains bullish. Despite the analyst's forecast that ADA price is expected to have a -4.81% decrease and drop as low as by July 19, 2025, the current price surge has fueled speculation that ADA could hit $1 in the next 24 hours. The market sentiment surrounding ADA remains optimistic, with traders and investors closely monitoring its price movements. If ADA continues its upward trend, it could potentially reach the $1 mark, marking a significant milestone for the cryptocurrency. However, traders should be cautious as the market is volatile and subject to sudden price swings.