XRP News Today: ADA Price Surges 16% on ETF Speculation and Golden Cross Signal

ADA has gained renewed attention in late July and early August 2025, driven by speculation surrounding the potential approval of a spot ETF. Analysts are increasingly optimistic, with some forecasting a significant price surge for Cardano’s native token, ADA. According to market analysts like Javon Marks, ADA could first target $1.20 before potentially advancing to $2.90, representing a 261% increase from its current level [1]. This forecast is fueled by broader market optimism, especially following pro-crypto statements from U.S. President Donald Trump, although no official confirmation or endorsement from Cardano’s leadership has been made [2].

ADA’s price has already demonstrated a sharp upward movement, rising from approximately $0.68 to $0.80 in early August, accompanied by a surge in trading volume and market participation [3]. Analysts have noted increased derivatives interest, with a reported 9.29% rise, further indicating heightened speculative activity [4]. The uptrend has also been supported by bullish technical indicators, including the formation of a golden cross on ADA’s hourly chart, suggesting a possible short-term upward trend [1].

The broader crypto market is also showing signs of bullish momentum, particularly following the resolution of Ripple’s SEC legal case and the resulting 12% rally in XRP. This regulatory clarity has helped rebuild investor confidence across the sector. However, uncertainty remains regarding institutional involvement, as evidenced by BlackRock’s decision to refrain from pursuing an XRP or Solana ETF [6]. These developments have contributed to market volatility and underscore the unpredictable nature of crypto ETF-related speculation.

Despite the positive outlook, analysts caution that price forecasts are speculative and based on current market conditions. No official filing or approval for an ADA ETF has yet been announced, and the actual outcome will depend on regulatory decisions and market dynamics. Investors are advised to monitor key resistance levels and institutional developments that could influence ADA’s trajectory [1].

The growing interest in Cardano as a potential ETF candidate reflects the broader market’s appetite for regulatory clarity and institutional adoption. As speculation continues, ADA’s performance in the coming months will be closely observed by both retail and institutional investors [3].

Source:

[1] Ripple (XRP) Price Explosion, Next Targets for Cardano (ADA), and More: Bits Recap August 8th (https://coinmarketcap.com/community/articles/68968610580d1d3e68f072b9/)

[2] Cardano&039;s price is predicted by analysts to reach $2.90, driven by speculation over ETF approval, following Donald Trump&039;s pro-crypto stance, though official confirmations remain absent. (https://coinmarketcap.com/community/articles/6897b5990ddac76721c6f54e/)

[3] Cardano Price Prediction: ADA Prices in 2025,2026,2027 (https://coindcx.com/blog/price-predictions/cardano-price-weekly/)

[4] Cardano Prints Golden Cross on Hourly Chart (https://cryptorank.io/news/cardano)

[6] ADA trading volume surges amid Cardano ETF speculation (https://thecurrencyanalytics.com/altcoins/cardano-price-climbs-as-treasury-vote-boosts-momentum-and-etf-speculation-grows-189536)