"Cardano (ADA) Poised for XRP-Like Rally, Analysts Bullish Despite Cautions"

Cardano (ADA) could be poised for a significant rally, according to a crypto analyst, who believes the cryptocurrency has the potential to replicate the explosive breakout seen with XRP. The recent partnership with Walmart has further fueled speculation about Cardano's growth prospects.

The analyst, Trader Steve, shared an optimistic outlook for Cardano, pointing to its strong potential for recovery and citing key technical indicators. His analysis is based on Fibonacci retracement levels, highlighting crucial support zones at 61.8% and 78.6%. The chart also marks a "higher high" and outlines a possible bullish trajectory for ADA.

The comparison to XRP stems from the impressive rally the token experienced between November and December 2024. During that period, XRP broke multiple resistance levels, consistently setting higher highs and eventually surpassing $2—a price level not seen in over seven years. The momentum carried into January, bringing XRP close to reclaiming its all-time high from 2018.

In contrast, Cardano did not experience similar upward momentum during that time. ADA has struggled to surpass $1.32, a level it reached in early December 2024. Currently, it is trading around $0.70, and analysts are watching closely to see if it can regain strength and push toward its 2021 highs.

Trader Steve remains confident in Cardano's potential for a breakout, believing ADA is ready to replicate XRP's rally. Another crypto trader, Yoel Jr., contributed to the discussion, noting that Cardano needs to close above $0.81 to confirm a bullish trend. He cautioned that failure to break this level could result in prolonged sideways movement, which he called the "boring zone."

While optimism surrounds Cardano's potential rally, analyst Jonathan Carter has provided a more cautious perspective. He pointed out that ADA is forming a bull flag pattern on the one-day chart, which typically signals the possibility of upward movement. However, he emphasized that the price may need to retest lower support levels before a strong rally can occur.

Carter suggested that ADA could dip toward the $0.60 support level, where stronger buying interest might emerge. If the asset rebounds from that zone, it could set the foundation for a sustained