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XRP continues to hold below its all-time highs, with the market still showing potential for an upward move. The overall expectation remains bullish, as a possible five-wave Elliott Wave pattern suggests higher prices ahead. After completing a fourth wave triangle, XRP has been consolidating, and there are still opportunities for further gains. At the time of writing, XRP is trading at $3.21, down by more than two percent in the last 24 hours.
Key Resistance and Support Levels
XRP is currently facing resistance at the $3.30 level. The price has been consolidating just below this key point, building strength for a potential breakout. A slight 7% pullback has occurred, but in the volatile world of crypto, this isn’t significant, especially considering a prior 45% rise.
Support levels remain important to monitor, especially between $2.52 and $2.94. This range could serve as a base for any pullback, potentially setting the stage for a move higher.
Market Structure and Potential for Pullback
While the possibility of a pullback is still on the table, there’s no clear evidence of a major top forming. A triangle pattern may still evolve, and the market could continue forming higher highs. However, any pullback, if it occurs, should be relatively shallow.
The main invalidation point for the current bullish outlook is at the $2.32-$2.33 level. As long as XRP holds above this mark, the trend remains upward.
Next Upside Targets for XRP
Looking ahead, the next major upside targets for XRP are at the $4.20 and $5 levels. If these are broken, the price could head toward the $6.61 region. These levels are part of a broader long-term bullish outlook for XRP.
The technical analysis for the EUR/USD pair is obviously very negative, but it is also worth noting that we had ventured a little far from the 50 Day EMA, which sits right around the 1.05 level. Any rally toward that area would have be very interested in shorting this pair at the first signs of exhaustion. That’s been the case for a while, you just simply wait for the euro to get a little bit of a rally, and then you start fading. I think this will probably remain the case for some time, but it is worth noting that a little bit of patience probably goes a long way here.
To the downside, the 1.02 level is an area that I think will offer significant support, and therefore you need to pay close attention to it. If we were to break down below there, then I think the bottom falls out in the euro, and that would be the sign that we are in fact getting ready to go to the parity level. For what it is worth, I believe that the parity level will eventually be tested, but that doesn’t mean we get there easily. Furthermore, it’s also worth noting that there has to be a certain amount of profit-taking sooner or later, so that might also be a factor in this pair. I have no interest in buying the euro, and if I wanted to buy something against the US dollar, the euro would be just about at the bottom of that list.
Ready to trade our EUR/USD daily forecast? Here’s a list of some of the top forex brokers in Europe to check out.
While the XRP price has been capturing headlines with its recent activity, JPMorgan analysts have abandoned the $7 XRP price goal and turned their attention to a Ripple rival that promises unprecedented returns. WallitIQ (WLTQ), currently in its presale phase, is set to rally by an astounding 15,677% in the next 20 days.
Despite recent price declines, the XRP price remains the center of attention. XRP is currently priced at $2.47, reflecting a 5.26% drop, with a recent low of $2.34 and a high of $2.56. On January 11, the XRP price experienced an 11.11% price jump, briefly reaching $2.60 before returning to $2.46. This rally was triggered by the XRP price breaking out of a symmetrical triangle pattern.
Market data shows that open interest in the XRP price surged from $2 billion in late December 2024 to $5 billion by January 2025, indicating heightened speculation around its price movements. However, the outlook for the XRP price remains uncertain. For the XRP price to confirm a sustained upward trend, it must break the $2.55 resistance level—a feat that appears increasingly unlikely in the short term.
While the XRP price potential for gains keeps it in the spotlight, JPMorgan analysts have discarded the $7 XRP price goal. They are now shifting focus toward WallitIQ (WLTQ), the Ripple rival presale, which, with its groundbreaking features, is set to rally 15,677% in the next 20 days.
JPMorgan analysts hail WallitIQ (WLTQ) as the Ripple rival. With its AI-powered crypto wallet, WallitIQ improves crypto trading and investing efficiency and security with AI-driven investment suggestions, smooth integration with various DeFi platforms, and real-time monitoring of suspicious activity.
At $0.0420 on Coinmarketcap, investors can purchase WLTQ tokens at a fraction of the price they could be worth in just a few weeks. JPMorgan analysts express strong enthusiasm for WallitIQ, expecting the WLTQ presale to surpass the XRP price, predicting a potential rally of 15,677% in the next 20 days.
The ongoing WallitIQ (WLTQ) presale is critical for investors who want to access WallitIQ’s predictive analytics to reduce the guesswork and emotional decision-making in crypto trading. WallitIQ’s (WLTQ) approach to crypto trading allows investors in its Ripple rival WLTQ token presale to capitalize on high-growth opportunities while mitigating risks.
Moreover, the WallitIQ (WLTQ) robust framework includes a Scan & Pay QR functionality for secure transactions. Investors in the WLTQ presale can access a detailed transaction history view for all wallet activities and simulated transactions for everyday purchases, replicating real-world interactions for these transactions.
The WallitIQ (WLTQ) smart contract has been audited by SolidProof, adding a layer of credibility and transparency that investors in the WLTQ presale can trust. While the XRP price movements have shown significant promise, WallitIQ’s innovative technology and market positioning of integrating AI and DeFi solutions make it a Ripple rival worth watching.
This integration has the potential to revolutionize crypto transactions, with WallitIQ (WLTQ) increasing security, efficiency, and transparency—key factors that will drive its growth. With WallitIQ’s presale in full swing, JPMorgan analysts say the chance to secure WLTQ tokens at $0.0420 and potentially watch them soar by 15,677% to $6.63 is a rare opportunity that could transform lives.
While the XRP price action reflects potential and uncertainty, JPMorgan analysts believe the likely returns from the WallitIQ (WLTQ) presale are staggering. WallitIQ’s approach to decentralized finance, coupled with its presale offerings, makes it an unparalleled investment opportunity.
JPMorgan analysts have clarified that WallitIQ is the Ripple rival to watch. With its AI-driven technology, secure wallet features, and potential for exponential growth, the WallitIQ (WLTQ) presale is gaining momentum.
Whether you’re an experienced XRP price investor or new to the crypto market, WallitIQ presale offers a compelling case for inclusion in your portfolio. The chance to grow your wealth by 15,677% in just 20 days may not return.
Join the WallitIQ (WLTQ) Community
The EUR/JPY bottomed near 159.69 and rose past 160.50 on Friday after registering two consecutive days of losses as risk appetite deteriorated. At the time of writing, the cross-pair trades at 160.82, up 0.69%.
The EUR/JPY trades sideways, capped on the downside by the Ichimoku cloud (Kumo) near the daily low and peaked at the top of the Kumo at 161.45.
Although momentum is slightly bearish, with the Relative Strength Index (RSI) below its neutral level, sellers must push the EUR/JPG beneath the bottom of the kumo toward 159.00.
A breach of the latter will exacerbate a December 3 swing low test of 156.16. On further weakness, 156.00 is up next, followed by the August 5 swing low of 154.39.
On the upside, the first resistance is 161.00, the top of the range at 161.45, and the 50-day Simple Moving Average (SMA) at 161.75. Once surpassed the next stoup would be the 162.00 mark.
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.02% | 0.31% | 0.51% | 0.05% | -0.12% | 0.01% | 0.24% | |
| EUR | 0.02% | 0.33% | 0.61% | 0.06% | -0.09% | 0.04% | 0.26% | |
| GBP | -0.31% | -0.33% | 0.27% | -0.26% | -0.41% | -0.29% | -0.07% | |
| JPY | -0.51% | -0.61% | -0.27% | -0.52% | -0.70% | -0.56% | -0.34% | |
| CAD | -0.05% | -0.06% | 0.26% | 0.52% | -0.18% | -0.03% | 0.19% | |
| AUD | 0.12% | 0.09% | 0.41% | 0.70% | 0.18% | 0.14% | 0.35% | |
| NZD | -0.01% | -0.04% | 0.29% | 0.56% | 0.03% | -0.14% | 0.22% | |
| CHF | -0.24% | -0.26% | 0.07% | 0.34% | -0.19% | -0.35% | -0.22% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
The Bitcoin price, back above $105,000 per Bitcoin, has more than doubled in the past year, pushing the total cryptocurrency market—including Bitcoin, Ethereum, XRP, Solana, and others—toward a staggering $4 trillion. Today’s report covers all the Bitcoin and XRP news as the price of Bitcoin and XRP prepares to hit new all-time highs. Let’s get into it.
The Bitcoin price jumped 5% overnight to $105456, source: Bitcoin Liquid Index
The rally comes as traders grow optimistic about Trump’s proposed U.S. Strategic Bitcoin reserve, now seen as a near certainty. This is reflected in the rising odds on the betting site Polymarket. The odds that the U.S. will create a National Bitcoin Reserve have climbed to 62%, up 20% this week.

The odds that the U.S. will create a National Bitcoin Reserve are climbing fast. Source: Polymarket
Leaked reports this week suggest the Trump administration may expand its crypto reserve plans, emphasizing U.S.-developed cryptocurrencies such Ripple’s XRP and Solana. This “America-first strategic reserve” would reportedly back Solana, a blockchain rival to Ethereum; USDC, a stablecoin issued by Circle and supported by Coinbase; and XRP, created by Ripple to streamline cross-border payments.

The New York Post, and Forbes citing anonymous sources, claimed Trump is “receptive” to the idea following discussions with Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong. Source: Forbes, NYP

Ripple CEO Brad Garlinghouse was photographed with Trump at Mar-a-Lago. Were they discussing an American Crypto Strategic Reserve? Source: X
Earlier this month, Circle CEO Jeremy Allaire revealed on X that the company had contributed $1 million worth of USDC to Trump’s inaugural committee, joining other firms seeking favor with the incoming administration.
Ripple’s XRP has skyrocketed 500% since Trump’s November election win, fueled by hopes that the administration will ease regulatory pressures on the company. Google Searches for XRP have skyrocketed past Bitcoin as retail investors flock to buy XRP.

Google Searches for XRP have surpassed Bitcoin for the first time, Source: Google Trends
This week’s rumors that XRP will be added to an American Crypto Reserve pushed the price even higher, before a period of profit-taking today.

XRP is down 3% in 24 hours, but up an astonishing 498% over the last 90 days. Source: Coinmarketcap.
“Compared to other cryptocurrencies, XRP has shown phenomenal strength. While others have experienced pullbacks, or gone sideways, XRP has been on an absolute tear and now appears ready to surpass its all-time high,” said Jason Jones, an analyst at Brave New Coin.
The recent regulatory landscape for cryptocurrencies has been turbulent, shaped by aggressive enforcement under SEC Chair Gary Gensler. Gensler’s tenure has been defined by stringent actions, including high-profile cases such as the SEC Vs Ripple, creating an uncertain environment for digital assets.
With Donald Trump’s election victory, however, the crypto world anticipates a significant shift toward a more favorable regulatory climate. Trump’s appointment of Paul Atkins, known for his crypto-friendly stance, as the new SEC Chair signals a potential easing of regulatory burdens. Atkins is expected to push for clearer guidelines and policies that foster innovation, potentially providing a significant boost for Ripple’s XRP and other crypto entities.
President Trump has pledged bold action to reshape crypto regulations, with promises of Executive Orders aimed at making the sector a priority for innovation. Highlights of his agenda include:
To understand why the future is so bright for Ripple and XRP, it is important to understand the background. Every year, banks and financial institutions spend hundreds of billions of dollars on fees for transferring funds globally, often waiting days for transactions to settle. It is an antiquated system crying out for innovation, and XRP was designed to fill that gap.
XRP facilitates fast, secure transactions between financial institutions at a fraction of the cost of traditional methods. While Bitcoin is sometimes proposed as an alternative, XRP outshines it in this context: Bitcoin is slower, more expensive, and lacks scalability. The XRP network processes thousands of transactions per second compared to Bitcoin’s meager seven.
Thanks to these advantages, XRP has gained real-world traction. Its underlying network, RippleNet, is used by financial institutions worldwide. Considering legacy systems cost banks $193 billion in fees last year, the potential for disruption is enormous. If XRP captures a significant market share, the network fees alone could be substantial. Moreover, banks transacting on RippleNet would need to buy and hold XRP, creating a supply crunch and potentially boosting its value further.
Look, we get it, the pitch is compelling, which is why Ripple and XRP are generating so much buzz. However, a closer look reveals some significant flaws in these assumptions.
While XRP’s design and use case position it as a potential disruptor in the financial sector, its long-term value depends on widespread adoption of the token itself—not just the RippleNet network. Without mandatory reliance on XRP, its role in revolutionizing global transactions remains uncertain. Luckily, there’s a solution.
The team of gigabrain talents at Ripple are a step ahead and have been busy laying the groundwork for the next big opportunity in global finance. Tokenization. With Ripple’s XRP right at the heart of the system. This is the key to why Ripple’s XRP token is set to outperform all bullish expectations and go on to set new all time XRP price highs throughout 2025.
Here’s the solution to the above problem. Ripple, having spent over $100 million fighting the SEC to establish that $XRP is not a security, is shifting from defense to offense. Often misunderstood as merely a payments company, Ripple is poised to disrupt the financial world far beyond its origins. Here’s how Ripple and XRP are set to transform global finance through tokenization.
While most fintech companies focus on improving outdated systems, Ripple took a bold step: it built an entirely new one from the ground up. The XRP Ledger (XRPL) has become a cornerstone of innovation, optimized for payments and tokenization. Ripple is no longer just challenging incumbents like Stripe and PayPal—it’s prompting them to respond with billion-dollar acquisitions and expanded product offerings to defend their market share.
Ripple’s vision extends beyond the $500 billion fintech market. The next frontier? Tokenization. With over $55 trillion of assets in the U.S. alone that could be tokenized, Ripple is seizing a generational opportunity. This shift positions Ripple and XRP to grow from billions to trillions, redefining the scope of global finance.
Ripple has strategically fortified its infrastructure through high-profile acquisitions, including Metaco and Standard Custody, which strengthen its custody solutions stack for tokenized assets. Ripple invested over $250 million in these deals last year, reflecting its commitment to asset tokenization and banking interoperability.
The launch of Ripple USD (RLUSD), a NYDFS-regulated stablecoin, represents a pivotal milestone in Ripple’s tokenization strategy. RLUSD is designed to create new opportunities for the XRPL while enabling seamless integration with the broader financial ecosystem. These efforts amplify Ripple’s ability to monetize tokenization and transaction fees, building on the success of its On-Demand Liquidity (ODL) solutions for cross-border payments.
The XRP Ledger’s design enables not only fast, low-cost payments but also tokenization at scale. To maximize its potential, Ripple is leveraging a simple yet powerful strategy: work with winners. By forming partnerships with leading players, Ripple positions itself as the best-equipped entity to capitalize on the 100x growth opportunity in tokenization.
The XRPL’s evolution is also exploring untapped revenue streams. Today, its growth relies on transaction fees, but Ripple is innovating ways to pull in fees from other blockchain networks, further amplifying its economic impact.
Ripple is at the forefront of a revolution in finance. By combining asset tokenization, strategic acquisitions, and a powerful blockchain in XRPL, it is redefining how value is created, transferred, and stored. As Ripple doubles down on tokenization and interoperability, the company is set to unlock trillions of dollars in opportunities, firmly positioning itself as a leader in the digital economy.
That’s all for today’s XRP news. It’s a lot! These potential changes create a strong bullish narrative for XRP and the broader cryptocurrency market. Trump’s pro-crypto stance, combined with regulatory clarity and institutional support, will provide the tailwinds needed to usher in a new era of growth for digital assets.
To get there, we’ll need an intense crypto bull run that will capture the imagination of the world and drive prices to astronomical levels. That all starts this week, when the first crypto president, President Trump, takes control. Expect the Bitcoin price and Ripple’s XRP price to hit new all-time highs immediately.
Hours from now, the Crypto Ball takes place tonight in Washington DC. President Trump will mingle with Michael Saylor and Bard Garlinhouse and other leaders of American crypto companies. The crypto bullishness will only increase. You are not bullish enough. See you at the ball, see you on the moon.

Tonight’s Cypto Ball will be highly bullish for Bitcoin and XRP, Source: X
Solana’s decentralized application (DApp) ecosystem has experienced a decline in activity but the intense bullishness in the market is driving the price upward.
Now Solana price predictions for 2025 suggest a new all-time high is imminent.
Despite this Dapp downturn, analysts remain optimistic that Solana’s native token, SOL, could rally to $230 in the near future, bolstered by strong network fundamentals, a raging bull market, and growing institutional interest.
During the week from Jan. 8 to 15, on-chain activity in the dapps running on Solana decreased by 10.3%, DeFi analytical platformsreported. Whereas Raydium dropped by 23.3% and Orca even by 2%, the greatest growth was reported for Lifinity (27.7%) and Stabble (29.7%).
Despite a 10% drop in DApp volumes, analysts remain bullish on Solana’s $230 target. Source:IBC Group via X
While Solana suffered from a decline, its competitors, Ethereum and Arbitrum, saw an increase in on-chain volumes during the same period: Ethereum’s on-chain volumes rose 9%, courtesy of Curve Finance, Pendle, and Fluid. Arbitrum booked a 20% gain thanks to Uniswap and Camelot.
Total value locked-in, a metric estimating the sum of all deposits across a blockchain ecosystem, perhaps illustrates the performance of this blockchain network a bit better. In this sense, Solana’s TVL fell 5.9% month-over-month to reflect broader market challenges. Comparatively, leading blockchain Ethereum suffered an 18.1% drop in its deposits during this period.

Analysts believe Solana could retest the resistance zone between $223 and $243 following the current momentum. Source:TradingView
Large facilities like Jito and Marinade decreased by 14.1% and 12%, respectively, thus leading to Solana’s decline in TVL. On the other hand, the downturn happens in line with general market trends and does not necessarily indicate long-term issues.
Despite recent challenges, several developments continue to strengthen Solana’s position in the crypto ecosystem:
As of January 16, 2025, SOL is trading at approximately $201.01, reflecting a 7.68% increase from the previous close. The intraday high reached $206.13, which points to renewed investor interest in the token. According to analysts, if the network keeps growing and if market conditions remain favorable, SOL’s price can be pushed above $230.

Solana (SOL) price is still holding above the psychological support at $200. Source:Brave New Coin
The strong resilience of the network, coupled with the fact that developments are in progress, provides a very strong foundation for growth. Increased institutional interest, strategic partnerships, and technological advancements position Solana as one of the important chains in the blockchain ecosystem. With these elements in place, a rally towards $230 is very possible, which shall keep investors hopeful of its long-term prospects. That’s right, $230 is a reasonable price prediction for Solana in the short term. Traders should consider Solana for their alt coin portfolio.
Image © Adobe Images
The Pound to Dollar exchange rate will end the year higher, according to the consensus. However, analysts at HSBC reckon this is way too optimistic.
Investment bank forecasters reckon the current trend of GBP/USD weakness will ultimately run its course and a decisive turnaround will see the pair track higher again through the second half of the year.
An overvalued dollar is expected to reach an exhaustion point, while memories of GBP outperformance in 2023 and 2024 remain strong in analysts’ minds, leading them to project more of the same in 2025. (For a look at the consensus forecasts taken around the turn of the year, see here.)
However, HSBC analyst Daragh Maher says the GBP setup is increasingly dovish, and the consensus will be disappointed.
Following news that UK retail sales shrank in December, defying expectations for expansion, the Pound extended its 2025 decline against the Dollar to 1.2161. “Another day, and another dovish nugget for GBP to digest,” opines Maher.
He says there are clear structural issues now in play for the currency:
“This time around it was softer than expected UK retail sales. While softer than expected UK inflation carried ambiguous implications for GBP as a currency caught between structural fiscal concerns and cyclical unease, weaker activity signals are simply negative.”
Pound Sterling has lost 4% of its value against the U.S. Dollar already in 2025 as a multi-month downtrend extends steadily to the next big round number target of 1.20.
Above: Rate cut bets are growing, but the market isn’t yet even priced for three cuts this year, suggesting there is ample scope to grow. Image courtesy of Lloyds Bank.
The case is building for the Bank of England to accelerate the pace it cuts interest rate cuts, but the problem for GBP is that the market is still behind the curve.
“November GDP data confirmed that the economy is stagnating. Today’s unexpected drop in retail sales during December
suggests little respite. In the space of two weeks, the market probability of a 6 February BoE rate cut has gone from 60% to over 90%. But we suspect there is scope for a further dovish reappraisal with not even three 25bp cuts fully priced in,” notes Maher.
British Pound outperformance in 2024 was driven by an expectation that the Bank of England would cut rates at a slower pace than other major central banks amidst a robust economy and still-elevated inflation.
“A consensus among FX forecasters, taken only a week ago when spot GBP-USD was 1.2150, is that it will finish the year at 1.26. This seems notably optimistic to us,” notes Maher.
For a look at the consensus forecasts taken around the turn of the year, see here.
Many protein powders on the market may contain dangerous amounts of heavy metals such as lead and cadmium.
Clean Label Project, a consumer product safety nonprofit, tested 160 products from 70 top-selling supplement brands. Nearly half of the protein powders tested had unsafe levels of heavy metals. The report also found that plant-based protein powders had three times the amount of lead as whey-based products, and chocolate-flavored powders had four times more lead than vanilla versions.
This isn’t the first time protein powders have been found to contain heavy metals. A 2018 Clean Label Project report found measurable levels of lead in 75% of the tested protein powders.
However, experts say you don’t need to throw out your protein powder just yet.
“While it’s wise to be mindful, the good news is that small, incremental changes—like choosing brands that prioritize rigorous testing for heavy metals—can make a big difference. Awareness doesn’t mean avoiding certain foods altogether; it means being intentional about the ones you pick,” Jaclyn Bowen, MPH, MS, executive director of Clean Label Project, told Verywell in an email.
Heavy metals like lead, cadmium, and arsenic occur naturally in the earth’s crust and can enter the soil through volcanic eruptions and erosion. Plants absorb heavy metals from the soil, and humans and animals can be exposed to them by consuming these plants.
This may explain why the report found that chocolate-flavored protein powders contain four times more lead than vanilla-flavored powders. “Because chocolate comes from a plant and vanilla can be synthetic, it does make more sense that the chocolate products would have more heavy metals than the vanilla products,” Kelly Krisna Johnson-Arbor, MD, a medical toxicologist at MedStar Georgetown University Hospital, told Verywell.
Toxic heavy metals have been detected in other foods and consumer products like baby food, Florida-grown lettuce, and wine. Last year, lead and arsenic were found in tampons, possibly due to cotton absorbing metals during the growing process.
However, growing condition isn’t the only source of heavy metals in these items. Manufacturing processes—either intentionally or unintentionally—can also introduce heavy metals into certain products, Johnson-Arbor added.
It’s concerning to hear that popular protein powders contain heavy metals, but you don’t necessarily need to stop using these supplements. A 2020 study found that heavy metal exposure from protein powders doesn’t increase the risk of negative health outcomes.
“For most adults, the negative effects from exposure to cadmium and lead result from repeated, long-term exposures,” Tunde Akinleye, an analytical chemist and test program leader of food safety and nutrition testing at Consumer Reports, told Verywell in an email.
However, the high lead levels detected in the study “would be a good reason to reduce the frequency of consumption of protein supplement or look for different, safer sources of protein,” Akinleye added.
Pregnant people and children may especially want to consider other protein sources because lead and other heavy metals can lead to pregnancy loss or harm a developing brain.
The Food and Drug Administration (FDA) has a Toxic Elements Working Group that is trying to find ways to reduce exposure to these heavy metals in food, cosmetics, and supplements, but protein powders and other dietary supplements are not tested for safety by the agency before hitting store shelves.
When you purchase a protein powder or a vitamin product, you don’t necessarily know what’s in it, Johnson-Arbor said. But you can look for certification from USP, ConsumerLab, and NSF.
“It’s not perfect,” she added. “But it’s probably the best way of ensuring that your supplements have been tested and have been found to be free of contamination.”
A new report found that half of the protein powders on the market contain unsafe levels of heavy metals like lead and cadmium. When you shop for protein powders or supplements, consider choosing brands with USP, NSF, or ConsumerLab certifications to make sure they’ve been tested for safety.
As the time approaches President-elect Donald Trump’s inauguration, the sentiment seems to be shifting completely towards the bullish side. Amid this market recovery, ADA, the native token of the Cardano blockchain, has broken out from a bullish price action pattern and is poised for massive upside momentum.
According to expert technical analysis, ADA appears bullish, as it has broken out from a bullish inverted head-and-shoulders price action pattern on the daily time frame. Following this breakout, the altcoin has cleared its path for a massive rally.
Based on the recent price action and historical momentum, if ADA holds above the $1.15 level, there is a strong possibility it could soar by 42% to reach the $1.63 mark in the future.
However, the current market sentiment and Trump’s inauguration suggest that SOL could easily achieve this predicted target.
On the positive side, with ADA’s Relative Strength Index (RSI) at 63, technical analysis indicates that the altcoin has enough room to soar significantly.
Besides this bullish outlook, the interest from traders and investors appears optimistic, as they consistently maintain a bullish stance, according to the on-chain analytics firm Coinglass.
At press time, the ADA Long/Short ratio stands at 1.10, indicating strong bullish sentiment among traders. Data further reveals that 53% of top ADA traders currently hold long positions, while 47% hold short positions. This bullishness follows ADA’s breakout from a head-and-shoulders price action pattern.
Apart from this, long-term holders and whales have consistently been accumulating the altcoin, as reported by CoinPedia. According to recent data, whales accumulated a significant 100 million ADA tokens on January 15, 2025, and later 30 million ADA tokens on January 16, 2025.
This substantial accumulation by whales and long-term holders suggests that the bull run has officially begun and indicates an ideal buying opportunity.
With these bullish outlooks, ADA is currently trading near $1.14 and has experienced a price surge of over 1.20% in the past 24 hours. During the same period, its trading volume increased by 11%, indicating heightened participation from traders and investors amid the market recovery.