Cardano Holds Key Support as Hoskinson Sparks Cross-Chain Collaboration Talk with XRP
Cardano (ADA) is holding firm above the key $0.8 psychological level, signaling stability as traders anticipate its next breakout move. According to market expert Lingrid, “ADA has completed an ABC corrective...
Cardano (ADA) is holding firm above the key $0.8 psychological level, signaling stability as traders anticipate its next breakout move.
According to market expert Lingrid, “ADA has completed an ABC corrective pullback into the confluence of support lines, stabilizing above the 0.80 region. The structure shows higher lows intact, preserving bullish market momentum.”
She added that if the $0.80 support holds, ADA is primed to extend toward the upper channel, with a breakout potentially driving prices into the $0.93–$0.95 zone.
Presently, Cardano is consolidating within a clear channel, with support holding firm and momentum building toward the upper boundary.
Therefore, a breakout fueled by fresh buying pressure could lift ADA into the $0.93–$0.95 range, marking a strong recovery and reinforcing its constructive medium-term trend.
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At the time of this writing, ADA was trading at $0.8252, representing a 0.5% increase in the past 24 hours.
Digital Asset Investor, a leading crypto commentator, has spotlighted a potential game-changing alliance between XRP and Cardano.
In a recent post, he highlighted remarks from Cardano founder Charles Hoskinson, who acknowledged the possibility of cross-network collaboration and explicitly referenced XRP.
Hoskinson highlighted the growing need for interoperability in decentralized finance (DeFi), emphasizing that cross-chain collaboration is crucial.
He noted, “For us to service all the needs of Bitcoin DeFi and XRP DeFi, I would also like three to five clients to be horizontal, meaning within 12-24 months they can begin to compete.”
Meanwhile, Cardano recently emerged as one of the most trending cryptocurrencies, thanks to heightened whale buying and the potential establishment of an ADA exchange-traded fund (ETF).
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