XRP Drops 14% In Month, Cardano Falls 25% Amid Key Levels Watch

XRP and Cardano are expected to experience significant movements in the near future, with analysts closely monitoring key levels that could determine their trajectories. XRP has seen a 14% drop in the past month, but over the last six months, it has surged by over 280%, indicating strong long-term recovery and renewed investor interest. The current price range for XRP is between $1.66 and $2.77, with key support at $1.23 and resistance at $3.45. The recent 13% weekly decline and negative momentum indicators suggest that bears are currently in control, but traders are watching for potential rebounds at the support level or further declines if the $1.23 level is breached. A move above current levels could test the $3.45 resistance.

Cardano, on the other hand, has experienced a nearly one-quarter decline in the past month, but over the last six months, it has gained over 84%. The current price range for Cardano is approximately $0.47 to $1.02, with support at around $0.27 and resistance at $1.37. The recent downturn and momentum indicators, including an RSI near 40, suggest short-term weakness. However, trading strategies could focus on a possible break above resistance for bulls to regain control, while keeping a close watch on the support level is crucial.

Both XRP and Cardano are showing strong potential for major movements in the coming months. Key levels for XRP suggest preparation for a significant breakout, while Cardano's anticipated levels also indicate a possible surge. Monitoring these cryptocurrencies closely in Q2 is crucial, as both have shown strength and are worth attention. Future price actions could lead to notable shifts in the market, making it essential for traders to stay informed and prepared for potential opportunities.