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XRP and Cardano Slide Another 5% as Support Zones Come Under Pressure

MarketDash Editorial Team
24 days ago
XRP and Cardano are both down over 5% in the past 24 hours as sellers push these major altcoins back toward critical support levels that have anchored the market since early fall. Here's what the charts reveal about their next moves.

XRP (XRP) and Cardano (ADA) are having a rough day, and honestly, a rough week. Both major altcoins have shed over 5% in the past 24 hours as sellers keep dragging them back toward those critical support zones that have basically been holding everything together since early fall. The question now is whether those floors will hold—or whether we're about to see another leg down.

XRP Tests Long-Term Trendline Support as Momentum Fades

XRP is trading near $2.25 after persistent selling pressure has been weighing on a month-long triangle structure that had traders watching closely. The problem? The token is sitting below the 20-day exponential moving average at $2.39 and can't seem to reclaim the 50-day EMA at $2.53. Every time there's a rebound, it fades quickly, and repeated failures at the descending trendline confirm that sellers are firmly in control of momentum right now.

What makes this moment particularly interesting is that the market is now pressing against one of the most important long-term support levels in the pattern—a rising trendline that originates from the March base. This isn't just any support line; it's been a structural anchor for months. If it breaks, things could get messy fast.

Outflows Paint a Concerning Picture for XRP

The flow data isn't helping the bull case either. Spot netflows registered a $17.35 million outflow on November 14, marking yet another session dominated by selling. Red prints have been consistent for months now, showing limited accumulation and minimal whale interest. In other words, the smart money isn't exactly rushing in to buy the dip.

The supertrend indicator stays red, and XRP is trading under every major EMA between $2.53 and $2.69. This cluster of moving averages has essentially become a ceiling, and the path lower remains wide open until price can reclaim it—which doesn't look likely in the immediate term.

If the rising trendline breaks, technical analysts are eyeing $2.03 as the next logical target. And if sellers really accelerate the pressure, a deeper slide toward the $1.75–$1.60 region could follow. That would represent a significant correction from recent highs and would likely shake out a lot of late buyers who got caught up in the earlier rally.

Cardano Breakdown Accelerates Weekly Decline

Cardano (ADA) is in even rougher shape, trading near $0.50 after losing the $0.53–$0.55 support shelf earlier this week. The token is down about 15% over the past seven days, which ranks as one of the steepest weekly drops among large-cap crypto assets. Ouch.

The market has been respecting a dominant descending trendline since late summer, and each rally attempt into the EMA cluster has been firmly rejected. The breakdown through support pushed ADA directly into a lower liquidity region, leaving it hovering just above a broad demand zone between $0.42 and $0.36.

Right now, Cardano is trading well below the 20-day EMA at $0.58 and the 50-day EMA at $0.65. The parabolic SAR indicator also continues printing above price, which signals persistent downside pressure. None of this is what bulls want to see.

A clean break below current levels could send price into the $0.44–$0.41 pocket fairly quickly. And if sell volume expands—which it tends to do once key support levels crack—a deeper test near $0.38–$0.36 becomes increasingly likely. That demand zone has historically attracted buyers, but whether it holds this time depends entirely on broader market sentiment and whether Bitcoin can stabilize.

What Comes Next?

Both XRP and Cardano are at inflection points. The technical setups suggest further downside is possible if these support zones don't hold, and the flow data certainly isn't inspiring confidence. For traders, the key levels to watch are clear: $2.03 and potentially $1.75 for XRP, and $0.44 to $0.36 for Cardano.

Of course, crypto markets can turn on a dime. A sudden shift in sentiment or a strong move from Bitcoin could change the narrative quickly. But for now, the momentum belongs to the sellers, and anyone holding these tokens should be prepared for some volatility ahead.

Back to News

XRP and Cardano Slide Another 5% as Support Zones Come Under Pressure

MarketDash Editorial Team
24 days ago
XRP and Cardano are both down over 5% in the past 24 hours as sellers push these major altcoins back toward critical support levels that have anchored the market since early fall. Here's what the charts reveal about their next moves.

XRP (XRP) and Cardano (ADA) are having a rough day, and honestly, a rough week. Both major altcoins have shed over 5% in the past 24 hours as sellers keep dragging them back toward those critical support zones that have basically been holding everything together since early fall. The question now is whether those floors will hold—or whether we're about to see another leg down.

XRP Tests Long-Term Trendline Support as Momentum Fades

XRP is trading near $2.25 after persistent selling pressure has been weighing on a month-long triangle structure that had traders watching closely. The problem? The token is sitting below the 20-day exponential moving average at $2.39 and can't seem to reclaim the 50-day EMA at $2.53. Every time there's a rebound, it fades quickly, and repeated failures at the descending trendline confirm that sellers are firmly in control of momentum right now.

What makes this moment particularly interesting is that the market is now pressing against one of the most important long-term support levels in the pattern—a rising trendline that originates from the March base. This isn't just any support line; it's been a structural anchor for months. If it breaks, things could get messy fast.

Outflows Paint a Concerning Picture for XRP

The flow data isn't helping the bull case either. Spot netflows registered a $17.35 million outflow on November 14, marking yet another session dominated by selling. Red prints have been consistent for months now, showing limited accumulation and minimal whale interest. In other words, the smart money isn't exactly rushing in to buy the dip.

The supertrend indicator stays red, and XRP is trading under every major EMA between $2.53 and $2.69. This cluster of moving averages has essentially become a ceiling, and the path lower remains wide open until price can reclaim it—which doesn't look likely in the immediate term.

If the rising trendline breaks, technical analysts are eyeing $2.03 as the next logical target. And if sellers really accelerate the pressure, a deeper slide toward the $1.75–$1.60 region could follow. That would represent a significant correction from recent highs and would likely shake out a lot of late buyers who got caught up in the earlier rally.

Cardano Breakdown Accelerates Weekly Decline

Cardano (ADA) is in even rougher shape, trading near $0.50 after losing the $0.53–$0.55 support shelf earlier this week. The token is down about 15% over the past seven days, which ranks as one of the steepest weekly drops among large-cap crypto assets. Ouch.

The market has been respecting a dominant descending trendline since late summer, and each rally attempt into the EMA cluster has been firmly rejected. The breakdown through support pushed ADA directly into a lower liquidity region, leaving it hovering just above a broad demand zone between $0.42 and $0.36.

Right now, Cardano is trading well below the 20-day EMA at $0.58 and the 50-day EMA at $0.65. The parabolic SAR indicator also continues printing above price, which signals persistent downside pressure. None of this is what bulls want to see.

A clean break below current levels could send price into the $0.44–$0.41 pocket fairly quickly. And if sell volume expands—which it tends to do once key support levels crack—a deeper test near $0.38–$0.36 becomes increasingly likely. That demand zone has historically attracted buyers, but whether it holds this time depends entirely on broader market sentiment and whether Bitcoin can stabilize.

What Comes Next?

Both XRP and Cardano are at inflection points. The technical setups suggest further downside is possible if these support zones don't hold, and the flow data certainly isn't inspiring confidence. For traders, the key levels to watch are clear: $2.03 and potentially $1.75 for XRP, and $0.44 to $0.36 for Cardano.

Of course, crypto markets can turn on a dime. A sudden shift in sentiment or a strong move from Bitcoin could change the narrative quickly. But for now, the momentum belongs to the sellers, and anyone holding these tokens should be prepared for some volatility ahead.