Highlights
Investors are speculating that Ripple’s recent video posted hints about a potential partnership with Cardano or the IOHK foundation. The video outlines the need for tokenization and its future demand and starts with Cardano cryptocurrency’s logo. As a result, investors are expecting an announcement from either of the companies that could potentially trigger an XRP price rally.
If the above speculation is true, then the impact on XRP price and ADA will be huge. The initial announcement could send XRP back to its recent high of $2.15.
Technical analysis shows that the next key zone stretches from $2.08 to $2.62. This is where 70% of the volume was traded between December 2, 2024 and April 12, 2025.
Hence, a reclaim above $2.08 will suggest that the bulls are in control. Such a development could see XRP price climb to $2.41, which is the highest volume level inside the aforementioned zone. Beyond this, the $2.62 is the key resistance level, where XRP could consolidate before deciding on a directional bias.
While the Ripple and Cardano partnership is still speculation some suggest it could be a mistake or an AI generated content.
Both Ripple and Cardano are US-based projects and with the support from Donald Trump’s office, and RLUSD, investors believe this could be the start of their entry into tokenizaiton.
If the speculation is confirmed either by Ripple or Cardano, the chances of XRP price rallying 79% and hitting $3.40 are high. However, considering the current bearish conditions after Bitcoin’s crash below $80K, it is highly unlikely that Ripple’s value inflates
Accordingly to CoinGlass data, investors have fled from XRP markets. The Open Interest for Ripple has dropped from $3.22 billion on April 6 to $2.83 as of April 7. This sudden plummet could be a combination of forced closing aka liquidations and investors not looking to take risk amid uncertain market outlook.
As long as these conditions do not improve, the outlook for XRP price will remain bearish. If the selling pressure continues to build due to Bitcoin’s collapse, the token could slide as low as $1.62 and $1.50.
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