TL;DR
- Although both ADA and XRP are down on a weekly scale, their performance could reverse in the short term, as suggested by a popular metric that has flashed a buy signal.
- Interestingly, the projects behind both assets have been linked in the past and are expected to announce a joint venture soon.
The metric in question, brought by popular crypto analyst Ali Martinez, is the TD Sequential, which showcases whether an asset has reached an exhaustion point in either direction.
For XRP, the indicator has flashed a buy signal on the 4-hour chart, which could suggest “the start of a short-term rebound,” said Martinez.
$XRP just flashed a TD Sequential buy signal on the 4-hour chart. This could be the start of a short-term rebound pic.twitter.com/PXERVCxbPI
— Ali (@ali_charts) March 22, 2025
Ripple’s cross-border token experienced a sharp and brief uptick earlier this week when company CEO Brad Garlinghouse announced a victory in the legal case against the SEC. XRP went from $2.3 to $2.6 within an hour or so but failed to keep the momentum up and has retraced to under $2.4 now.
The same indicator posted a similar buy signal for ADA, according to the 4-hour chart, indicating that a rebound may also be on the horizon.
#Cardano $ADA just got a buy signal from the TD Sequential on the 4-hour chart. A rebound could be on the horizon!
Join me in this trade by signing up to @coinexcom using my referral link https://t.co/73n8mWavUX pic.twitter.com/6HxRlkWhWV
— Ali (@ali_charts) March 21, 2025
ADA has struggled over the past month, losing more than 10% of its value, currently battling to remain above $0.7. Previously, Martinez speculated that the asset could soar to $2; however, it must close above $1.2 on the daily chart, a target that now seems distant.
XRP and ADA have been interlinked on numerous occasions in recent months. US President Trump mentioned both, alongside SOL, ETH, and BTC, in discussions regarding a potential strategic crypto reserve in the country.
Additionally, Charles Hoskinson and Ripple executives have been exchanging friendly remarks since the recent US elections, hinting at a possible collaboration. Yet, no official announcements have materialized as of yet.
The insights presented here could signal a potential shift for investors in Ripple (XRP) and Cardano (ADA) as they navigate a turbulent market landscape.
