Cardano (ADA) rebounds above its 20-day EMA, signaling potential upside, says CryptoCeek. Sustained momentum depends on clearing key resistance and holding support levels.
Source: CryptoCeekA decisive break above the 50-day SMA at $0.50 could shift ADA from short-term consolidation to a broader bullish trend, with potential upside toward $0.60–$0.70. Historically, surpassing the 20-day EMA has often preceded such rallies, reinforcing the bullish case.
Nevertheless, CryptoCeek cautions that a firm rejection at the $0.50 support could push ADA back below its 20-day EMA, reigniting selling pressure and risking a drop toward lower support. The current price is $0.363.
Cardano founder Charles Hoskinson has stunned the crypto world by turning his focus to the XRP community, proposing a DeFi summit at the University of Edinburgh. Taking to X, formerly Twitter, Hoskinson sparked excitement about potential cross-chain collaboration and the future of defi.
Hoskinson’s proposal signals a strategic shift from single-chain ecosystems to multi-chain collaboration, aligning with a growing trend among developers. By engaging the XRP community, he highlights XRP’s strengths in payments, tokenization, and DeFi, creating a stage for innovation and cross-platform partnerships.
Therefore, XRP finds itself at a pivotal moment since Solana’s recent integration underscores its growing network influence and cross-chain interoperability.
As Ethereum’s DeFi dominance shows strain, emerging ecosystems like Cardano, Solana, and XRP-backed platforms are staking their claim, emphasizing real-world utility and broader recognition.
Source: https://zycrypto.com/cardano-eyes-big-break-as-charles-hoskinson-shakes-up-defi-with-xrp-move/
