XRP News Today: Cardano's ADA Holds $0.80–$0.83 Support Amid $52M Whale Accumulation as SUI Surges 19% and RTX Gains XRP-Like Momentum

The ADA token, native to the Cardano (ADA) blockchain, has recently retreated from its peak of $0.87, sparking discussions among analysts about its near-term trajectory. Despite the pullback, technical assessments suggest the broader bullish case for Cardano remains intact. Key on-chain indicators, including a sustained position above the 200-day EMA and positive momentum in the MACD, reinforce this view. Analysts emphasize that as long as ADA holds above $0.80–$0.83, its ascending triangle pattern could still facilitate a breakthrough toward $1.00–$1.14, with long-term targets extending to $2.00 if the larger wedge pattern is validated [1]. This optimism is further fueled by a recent whale activity: over 64 million ADA tokens, valued at $52 million, were transferred to a Coinbase wallet, signaling potential accumulation by large investors [1].

While ADA consolidates, Sui (SUI) and Remittix (RTX) have emerged as standout performers. SUI, the token of the Sui Network, surged from $4.00 to $4.50, with open interest rising by 19%. Analysts note that sustained bullish momentum could drive SUI to test the $5–$7 resistance zone, though this depends on maintaining buying pressure [1]. Meanwhile, Remittix, a PayFi platform enabling cross-border crypto-to-fiat transfers, has drawn comparisons to XRP due to its focus on remittances. RTX’s project, which supports 40 cryptocurrencies and 30+ fiat currencies, has undergone a CertiK audit and locked liquidity pools and team tokens for three years. Experts highlight its potential to replicate XRP’s historical 50,000% gains if it captures market trust and adoption [2].

The contrasting performances of these assets reflect evolving investor priorities. Cardano’s long-term vision, including smart contract upgrades and institutional partnerships, continues to attract hodlers despite short-term volatility. However, the rapid gains in SUI and RTX underscore a market shift toward projects with immediate utility, particularly in decentralized finance and payments. Remittix’s appeal lies in its practical applications for freelancers and international businesses, aligning with growing demand for efficient cross-border solutions [1].

Analysts caution that while Cardano’s fundamentals remain strong, the market’s current dynamics prioritize projects demonstrating rapid execution and adoption. SUI’s scalability and Remittix’s cross-border focus position them as short-term winners, but Cardano’s ecosystem upgrades could rekindle interest in ADA if the broader crypto environment stabilizes. Investors are advised to monitor key resistance levels for ADA and the sustainability of SUI and RTX’s momentum, as both technical and fundamental factors will shape outcomes.

Sources:

[1] ADA Price Pulls Back, But Analysts Remain Bullish on Cardano As SUI and Remittix Go Parabolic, https://coindoo.com/ada-price-pulls-back-but-analysts-remain-bullish-on-cardano-as-sui-and-remittix-go-parabolic/

[2] XRP Delivered Over 50000% Gains Now Experts Say ..., https://coincentral.com/xrp-delivered-over-50000-gains-now-experts-say-remittix-rtx-could-follow-a-similar-parabolic-path/