Cardano Poised for Massive Breakout as Analyst Compares Setup to XRP’s 632% Surge

A prominent Web3 researcher believes Cardano (ADA) is on the verge of a major breakout that could mirror the parabolic price action recently seen with XRP. In an August 9 post on X, CryptoGen-Athos shared that Cardano’s current chart setup points to a strong impulsive rally toward higher prices.

This prediction follows ADA’s sharp start to the week, where the token climbed 2.62% from about $0.798 to $0.823. The move aligns with a broader bullish sentiment sweeping through the cryptocurrency market.

Analyst Sees ‘XRP Vibes’ in Cardano’s Current Structure

According to CryptoGen-Athos, Cardano’s recent market structure resembles the setup that fueled XRP’s breakout last year. He urged investors to consider gaining exposure to ADA for a chance to experience a similar price run.

XRP’s historical move offers context. In early November 2024, XRP broke free from a price range, rallying from around $0.50 to $2.90 in December. Although the price pulled back slightly, it surged again to hit $3.40 in January 2025. By July, XRP reached a multi-year high of $3.66, marking a staggering 632%, or 7.3x, rally from its November starting point.

The analyst suggested that ADA could follow a similar path. He pointed out that Cardano is breaking out from a multi-year structure, with higher timeframe charts reinforcing the bullish outlook.

Breaking Through Long-Term Resistance

Cardano’s price has been locked in a multi-year falling wedge since December 2023. The token reached a key resistance at $0.81 in March 2024 but failed to break through, retreating back into the pattern.

However, ADA broke out of the symmetrical triangle in late September 2024 and rallied to $1.32 in November. Despite this progress, the $0.81 level remained a stubborn barrier, with multiple failed attempts to reclaim it after March.

Now, ADA appears to be decisively breaking above the $0.81 resistance. With momentum turning bullish, the analyst noted that low liquidity and subdued market sentiment suggest this could be the start of a major rally. His chart indicates a potential run toward the $3 mark, close to Cardano’s all-time high of $3.16, representing a possible 264% increase from current prices.

Potential Targets and Long-Term Outlook

Other analysts share similar optimism. Ali Martinez previously stated that ADA is following the same price trajectory it did in 2021, albeit at a slower pace. If this trend continues, he believes Cardano could be in the early stages of a substantial rally.

Analyst Deezy has gone even further, predicting ADA could reach $10 if it achieves even half of its 2021 percentage gains. Several market outlooks support this ambitious target for the current cycle.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.