XRP Market Action Heats Up: XRP to $3 or After SEC Victory?

The crypto market saw notable movements in XRP market action and Cardano price prediction. At the same time, both coins are facing key resistance and support levels. XRP is under pressure as it risks dropping below $2.30 following increased volatility and ongoing uncertainty surrounding the Ripple SEC lawsuit. Meanwhile, Cardano bulls appear exhausted after failing to sustain momentum, leading to a potential downward correction. With market sentiment shifting, traders are closely monitoring XRP and ADA for signs of trend reversals. Today’s analysis explores their latest price action and key technical indicators shaping the market’s outlook. 

XRP Faces Market Correction After SEC Lawsuit Victory

XRP has been struggling to break out of its descending channel, as seen in today’s price action. The chart shows a bearish pattern, with XRP facing rejection near the upper boundary of the channel. The price is currently trading around $2.51, down 1.28% for the day. On March 20, XRP experienced a 1.7% decline, settling at $2.45. This dip followed a substantial 9% rally the previous day after Ripple CEO Brad Garlinghouse announced that the U.S. SEC had dropped its lawsuit against them. The four-year-long legal battle had weighed heavily on XRP’s market performance. While the lawsuit’s resolution initially triggered a price surge, the subsequent correction suggests that some traders took profits. Moving forward, the market will be looking for new catalysts to sustain bullish momentum.

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 20, 2025

The 200-day EMA ($1.90) remains a key support level, preventing a deeper pullback. Meanwhile, the 20-day and 50-day EMAs ($2.37–$2.43) are acting as immediate resistance, trapping XRP in a consolidation zone. If XRP fails to hold above $2.30, a retest of $1.90 is likely, implying a further downside of over 2%. On the upside, XRP needs to break above $2.59 and reclaim $2.99 to shift momentum bullish. The RSI is at 54.07, indicating neutral sentiment. A decisive move above or below key levels will determine the next directional trend.

Cardano Price Prediction: ADA Break Above $0.7128 

The trading day for Cardano (ADA) began with an overbought RSI, hitting resistance at $0.7128. A breakout at 9:05 UTC established an upward trading channel, with momentum strengthening as another overbought RSI at 13:15 UTC pushed the price higher. However, at 14:30 UTC, a death cross signaled a bearish shift, leading to a decline. By 17:40 UTC, the price found support at $0.7189 before a golden cross on the MACD at 21:10 UTC triggered a recovery. ADA then reached a new resistance at $0.7473, coinciding with an overbought RSI at 23:40 UTC.

Chart 2, Analyzed by ShwetaCW, published on TradingView, March 20, 2025

As March 20th progressed, a death cross initiated a downward trend. An oversold RSI at 1:40 UTC led to further price fluctuations, and an attempted upward move at 5:50 UTC was cut short by another death cross at 9:50 UTC. This caused ADA to fall again, with an oversold RSI confirming the bearish sentiment at 10:15 UTC. According to the Cardano price prediction, if it regains an upward move, it could potentially break the $0.7473 resistance. However, if the downward trend continues, the price could break below $0.7189, testing lower support levels.

XRP and ADA’s Next Move

The XRP market action stays in a critical zone. The price movement was heavily influenced by developments in the Ripple SEC lawsuit. If Ripple fails to hold above $2.30, a retest of $1.90 is likely, though a bullish reversal could push it toward $3. Meanwhile, Cardano price prediction indicates that if it regains upward momentum, it could test and potentially break the $0.7473 resistance. However, if the downward trend persists, the price could break below $0.7189, testing lower support levels. Traders should monitor these key levels for potential breakout or breakdown scenarios.