Crypto Market Battles to Recover as Key Altcoins Show Signs of Strength

The cryptocurrency market is striving to recover from losses inflicted by a wave of tariffs initiated by the U.S. Many altcoins are clinging to critical support levels, fighting to remain above them. Notably, Cardano $0.664936 ( ADA ) and Ripple $2 (XRP) are displaying signs of remarkable strength. Despite unfavorable on-chain data, potential upward price movements suggest that bulls are preparing to re-enter the market. This increases the likelihood of a positive price trend for both altcoins in the second quarter.

Cardano (ADA): Struggling to Rise Without Breaking Resistance

Cardano’s price entered a downward trend after testing the $1.30 level at the end of March. Since then, it has formed a classic falling wedge pattern, creating a series of lower highs and lows. Although technical analysis signals usually indicate a potential positive breakout from such a formation, the outlook for ADA appears less optimistic. The possibility of a negative crossover between the 50 and 200-day moving averages, along with the Ichimoku cloud’s fundamental lines, suggests that bears are gaining strength.

As the price approaches the $0.50 support level, a short-term decline may persist. However, maintaining this level and receiving volume support could bring a new wave of increases for ADA coin in the second quarter. Nevertheless, the current situation indicates that this recovery will not happen immediately, requiring patience.

Ripple (XRP): Potential Sharp Drop If Price Falls Below Support

Ripple’s XRP price is currently trapped in a highly critical range. The support zone between $1.99 and $1.97 has been tested multiple times, but the declining trading volume indicates an upcoming possible breakdown. If the price falls below this threshold, it could swiftly drag XRP under $1.80, potentially leading to panic among investors.

Stochastic RSI data also indicates a potential negative crossover, suggesting that selling pressure could intensify. However, this decline might simultaneously generate a new wave of demand. If the XRP price stabilizes around $1.80, an upward reaction could occur, indicating a return from support to resistance. Yet, the sustainability of this rebound will depend on how willing the bulls are to buy at this level.