- ADA sees heavy whale sell-off, over 100M tokens dumped, leading to short term price volatility and mild bullish signals.
- XRP gains by 15.63% weekly, supported by 66.86% Binance long positions and strong daily performance despite lower volume.
- ADA trades near 20 day MA; XRP stays above baseline with better net gain, showing diverging technical strength.
Cardano and XRP have had increased attention from the market following bullish predictions and substantial trading activity. According to analyst Dan Gambardello, ADA could reach $3.55 if it matches XRP’s $124 billion market cap.
He emphasized this would only be a starting point, suggesting potential for further growth. This outlook comes as XRP shows strong momentum, with 66.86% of traders on Binance holding long positions. Meanwhile, ADA had heavy selling pressure from whales offloading over 100 million tokens within the past week.
ADA Sees Volatility Spike as Whales Exit
At press time, Cardano was trading at $0.6420, up by 0.45% in 24 hours and 10.18% over the past week. However, it fell by 12.93% in the past month. Its market cap is at $22.65 billion, increasing by 0.47% on the day. Daily trading volume dropped by 4.88% to $672.03 million, while fully diluted valuation reached $28.89 billion.
Cardano’s circulating supply is at 35.28 billion out of a 45 billion maximum. Volume to market cap ratio is at 2.97%. Whale activity has clearly impacted price trends, contributing to notable market fluctuations.
Technically, ADA is slightly above its 20 day moving average of $0.6442. It is near the middle Bollinger Band, showing mild bullish momentum. However, narrowing bands indicate lower volatility and possible upcoming breakout conditions.
XRP Outpaces ADA with Stronger Daily Support
In contrast, XRP showed stronger recent performance. It traded at $2.14, up by 1.51% over the day and 15.63% across the week. Monthly performance declined by 9.76%. Its market cap is $125.05 billion, gaining 0.96% daily. However, volume fell by 32.65% to $2.99 billion.
XRP’s circulating supply is at 58.33 billion out of 100 billion, with a 2.4% volume to market cap ratio. Most traders on Binance held long positions, supporting XRP’s upward momentum across sessions.
Between April 14 and 15, XRP consistently traded above baseline, peaking near by 3.00%. ADA dropped by 1.80% before recovering by early morning. The divergence shows XRP’s stability and ADA’s short term weakness.
Technical Indicators Show Diverging Momentum
Price moves over the 24 hour period show early correlation between ADA and XRP. However, divergence occurred by evening as ADA reversed direction. XRP stayed resilient, ending the period above the baseline.
ADA’s 32.28 million volume was average, with no substantial accumulation or distribution. Its A/D line at 51.83 billion shows neutral pressure. XRP, despite falling volume, retained an upward pattern and outperformed ADA in net gain and consistency in the 24 hours.
