Cardano Eyes Big Break As Charles Hoskinson Shakes Up DeFi with XRP Move

Cardano (ADA) rebounds above its 20-day EMA, signaling potential upside, says CryptoCeek. Sustained momentum depends on clearing key resistance and holding support levels.

A 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.

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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.