Ripple's Video Sparks 79% XRP Price Rally Speculation
Ripple's recent video on tokenization has sparked speculation about a potential partnership with Cardano. The video, which features Cardano's logo, discusses the potential growth of the tokenization sector to $18 trillion by 2033. This speculation has led to discussions about how such a partnership could impact the price of XRP, Ripple's native cryptocurrency.
If the speculation is true, the initial announcement of a partnership between Ripple and Cardano could significantly boost the price of XRP. Technical analysis suggests that the next key zone for XRP stretches from $2.08 to $2.62, where 70% of the volume was traded between December 2, 2024, and April 12, 2025. A reclaim above $2.08 could indicate bullish control, potentially driving XRP's price to $2.41, with $2.62 serving as a key resistance level.
However, some suggest that the inclusion of Cardano's logo in Ripple's video could be a mistake or AI-generated content. Both Ripple and Cardano are US-based projects, and with support from the office of Donald Trump and RLUSD, investors believe this could mark the beginning of their entry into the tokenization sector.
If the speculation is confirmed by either Ripple or Cardano, there is a high chance that XRP's price could rally by 79% and hit an all-time high of $3.40. However, considering the current bearish conditions following Bitcoin's crash below $80K, it is unlikely that Ripple's value will inflate significantly. Investors have fled from XRP markets, with the Open Interest for Ripple dropping from $3.22 billion on April 6 to $2.83 as of April 7. This sudden decline could be due to forced closings or liquidations and investors avoiding risk amid an uncertain market outlook.
As long as these conditions do not improve, the outlook for XRP's price will remain bearish. If selling pressure continues due to Bitcoin's collapse, the token could slide as low as $1.62 and $1.50. The current bearish conditions, including Bitcoin's crash below $80K and declining Open Interest, are likely to keep XRP's price outlook bearish.
