XRP News Today: Cardano ADA Surges 17.6% Amid Bullish Technicals and Rising Derivatives Activity

Cardano (ADA) has shown a notable upward movement in recent trading sessions, rebounding from early August lows near $0.68 to test the $0.80 level. This price surge follows a clean breakout from a descending trendline on the 4-hour chart, supported by rising derivatives interest and robust spot trading volume. However, the immediate challenge for ADA lies in breaking through the $0.81–$0.82 resistance, a level that has historically capped bullish advances over the past month [1].

Technical indicators are currently aligned in a bullish direction. The EMA cluster on the 4-hour chart shows a bullish stack above $0.7445, while Bollinger Bands are expanding, signaling a fresh phase of volatility. The RSI stands at 70.41 on the 30-minute chart, indicating overbought conditions, and the Money Flow Index (MFI) on the 4-hour chart is at 85.37, suggesting strong capital inflow. The Parabolic SAR has turned bullish since August 6, with no signs of reversal [1].

Derivatives activity also supports the bullish narrative. Open interest has increased by 9.29% to $1.45 billion, and 24-hour trading volume has surged by 127.54% to $2.94 billion. Long/short ratios on major exchanges like Binance and OKX remain firmly bullish, with top trader ratios exceeding 2.4, indicating aggressive long positioning [1]. This heightened participation underscores the growing conviction among traders in ADA’s near-term upside potential.

On the daily chart, ADA has rebounded from a key support band between $0.68 and $0.70, which also coincides with the lower Bollinger Band and an ascending trendline. The price has now returned to the $0.80–$0.82 mid-range resistance, a level that also marks the intersection of the descending macro trendline from February highs. A confirmed breakout above this zone could expose the next supply region between $0.88 and $0.90 [1].

The 4-hour chart reveals that ADA has reclaimed the 20/50/100/200 EMA cluster, with the 200 EMA currently acting as dynamic support at $0.7445. The DMI shows the +DI leading with the ADX rising above 23, reinforcing the bullish trend structure [1].

Looking ahead, the short-term price forecast suggests that a break and hold above $0.8120 with volume confirmation could lead to further gains at $0.85 and potentially $0.88–$0.90. If momentum accelerates, ADA could even test $0.94 within the next 24 hours. On the downside, the immediate support is at $0.79, followed by $0.76 and $0.74, with a failure to hold above $0.79 likely triggering a retest of $0.76 [1].

Analysts have also drawn attention to the broader altcoin market, which has entered a bullish phase. The altcoin market cap has surpassed $1.5 trillion, and the CoinMarketCap 100 Index gained 3.23% in a single day, supporting the idea that ADA’s price movement is part of a larger “alt season” trend [6]. The recent resolution of the SEC vs. Ripple case has also contributed to renewed investor confidence, with other major altcoins like XRP and Ethereum showing similar strength [6].

Despite these bullish signals, caution is advised. The Altcoin Season Index remains at 38, indicating that Bitcoin dominance is still a key factor. A drop below the 60.8% dominance threshold would be a stronger sign of a full-scale altcoin rally [6]. Additionally, overbought conditions in the MFI and RSI suggest that a short-term cooldown is possible, even as the overall trend remains positive [1].

In summary, ADA’s current price action reflects a strong alignment of technical and market factors, suggesting continued upside potential in the short term. However, traders should remain vigilant for signs of exhaustion or a pullback, particularly as ADA approaches key resistance levels. With derivatives positioning and volume trends reinforcing the bullish case, the next few days will be crucial in determining the direction of ADA’s price trajectory.

Source:

[1] Coin – [https://coinedition.com/cardano-ada-price-prediction-for-august-9-2025/](https://coinedition.com/cardano-ada-price-prediction-for-august-9-2025/)

[6] Coin – [https://coinedition.com/xrp-eth-cardano-ada-alt-season-rally/](https://coinedition.com/xrp-eth-cardano-ada-alt-season-rally/)