"XRP 2.0 Surges Amid Altcoin Downturn; Cardano Plummets Below $0.80"

Analysts are predicting a significant altcoin, dubbed "XRP 2.0," to surpass Cardano (ADA) following the latter's loss of two key levels. The altcoin market has been facing severe bearish sentiment due to various microeconomic challenges, such as Trump's announcement of tariffs on Mexico, Canada, and China. Cardano's price has dropped below the $0.80 support level, while XRP has also plummeted below the $2.50 mark, with market activity depreciating massively.

However, one altcoin has stood out amid the crypto market downturn. Remittix (RTX) has continued to surge in presale, hitting a record $0.0567. Early investors have made over 840% in ROI, with analysts nicknaming it the next XRP 2.0. Driven by its cross-border payment option, which allows for crypto-to-fiat payment, RTX is seen as the best altcoin to buy in Q1.

Cardano's price has faced severe bearish pressure in the past week, pushing the altcoin price below a critical support zone. According to CoinMarketCap, Cardano's price has dropped by 24% in the 30D timeframe, with the market cap dipping from $40B to $24B. This significant drop means that Cardano's token price is now 77% down from its ATH of $3.10.

Reacting to the recent decline, analysts think that Cardano crypto is forming a bullish flag in the 1D timeframe. However, they claim that ADA needs to test one more support near the $0.65 mark before witnessing a bounce toward the targets at $0.84, $1, and $1.150. Confirming that, other analysts think Cardano TD Sequential is flashing a buy signal.

So far, the Cardano market sentiment is bearish, having recorded only 13 green days in the past month. Also, technical indicators from TradingView are red, suggesting the dominance of the bears. However, with rumors of the possibility of Elon Musk using the blockchain to house US treasury transactions, ADA could rebound soon. It is one of the top altcoins to watch in 2025.