XRP News Today:

Shiba Inu (SHIB), XRP, and Cardano (ADA) continue to face mixed fortunes in the cryptocurrency market, with each project showing distinct signs of volatility, regulatory uncertainty, and internal challenges. Shiba Inu recently experienced a modest price increase of 2%, driven by its listing as the first meme coin on Folks Finance, a cross-chain DeFi lending platform [1]. However, technical indicators suggest that SHIB remains under pressure. Traders noted that the token has not yet reclaimed its daily 99 SMMA, a critical resistance level that needs to be broken for any sustained bullish movement [1]. On-chain data also revealed that the top ten SHIB wallets hold 62.3% of the supply, indicating a high concentration of ownership and potential volatility [1].

In parallel, XRP has been facing growing skepticism in traditional financial circles. Tom Zschach, Chief Innovation Officer at SWIFT, recently labeled XRP as a "dead chain walking," emphasizing the preference for neutral, industry-standard governance models over proprietary blockchain solutions [2]. This sentiment is echoed in DeFi metrics, where XRP's total value locked (TVL) stands at just $87.85 million, a stark contrast to Ethereum's $96.9 billion and Solana's $11.27 billion [2]. Despite Ripple’s recent upgrades, including an EVM sidechain and the launch of its stablecoin RLUSD, the network has struggled to attract developers and institutional interest, raising concerns about its long-term viability [2].

Cardano's native token, ADA, has similarly faced bearish pressures. Following several failed attempts to break above $1, the price has retreated to around $0.80, with key support levels at $0.77 and $0.70 [5]. On-chain analysis shows a consistent pattern of lower highs since late 2024, a sign of weakening buyer interest. While sellers have maintained dominance in recent weeks, declining trading volumes suggest that the selling pressure may be easing [5]. Cardano founder Charles Hoskinson recently attributed ADA’s absence from a major U.S. government blockchain initiative to Chainlink’s “absurd” integration fees, highlighting the economic challenges of expanding Cardano's infrastructure [6]. Although discussions with Chainlink remain ongoing, the delay in integration has drawn criticism from the community, particularly given Cardano’s delayed smart contract launch in 2021 and its otherwise stable operational record.

The broader market dynamics for these cryptocurrencies reflect a common theme: the struggle to maintain relevance in a rapidly evolving and increasingly competitive space. For SHIB, the concentration of tokens among a few large holders poses a risk to price stability. For XRP, the lack of institutional adoption and regulatory uncertainty continue to weigh on its growth potential. ADA, meanwhile, faces the dual challenge of overcoming market psychology and technical hurdles, with its recent price action reinforcing the bearish narrative.

Despite these challenges, each project is attempting to innovate. Shiba Inu is leveraging cross-chain capabilities and incentive programs to drive participation [1]. Ripple has introduced AMMs and a stablecoin to enhance the XRP Ledger’s utility [2]. Cardano remains focused on infrastructure improvements and partnerships, even if progress has been slow [6]. However, the path forward remains uncertain, and without significant shifts in adoption, market sentiment, or regulatory clarity, these projects could find themselves increasingly marginalized in the crypto landscape.

Source:

[1] Shiba Inu Jumps 2%: What Is Going On? (https://finance.yahoo.com/news/shiba-inu-jumps-2-going-171943337.html)

[2] Now That XRP is Dead, What's Next? Swift Executive Calls ... (https://finance.yahoo.com/news/now-xrp-dead-next-swift-105438346.html)

[3] XRP (Ripple) Plunged Below $3. Buy the Dip, or Run for ... (https://www.nasdaq.com/articles/xrp-ripple-plunged-below-3-buy-dip-or-run-hills)

[4] Is XRP the Smartest Cryptocurrency to Buy With $1000 ... (https://www.nasdaq.com/articles/xrp-smartest-cryptocurrency-buy-1000-right-now)

[5] Cardano (ADA) Price Predictions for the Week Ahead (https://cryptopotato.com/cardano-ada-price-predictions-for-the-week-ahead/)

[6] Cardano's Charles Hoskinson Says Chainlink's 'Absurd' ... (https://www.ccn.com/news/crypto/cardanos-charles-hoskinson-chainlinks-absurd-fee-snubbed-ada-us-gov-data-deal/)