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Cryptocurrency News Articles
Solana (SOL), Ripple (XRP), and Cardano (ADA) Gear Up for a Bullish May 2025: Price Targets Inside
May 03, 2025 at 11:53 pm
Although volatility still permeates the larger crypto market, XRP, Solana, and Cardano are demonstrating unexpected resilience. These tokens are defending
The broader cryptocurrency market continues to show signs of volatility, yet Solana (SOL), Ripple (XRP), and Cardano (ADA) are demonstrating resilience as they hold critical levels while traders engage in a "buy the dip" frenzy.
Solana Price Soars Amid ETF Speculation
SOL has experienced a stellar week, rising 15% from $116 to $133. It is currently being traded around $148. It has surged nearly 50% from its recent lows. From a technical standpoint, the price action is presenting a bullish reversal pattern as it holds the $124 support, which coincides with the IV (Implied Volatility) index, a traditional indicator of market anticipation, reaching a low of 26. This is creating a technical bottom, further amplified by the increasing attention on altcoins.
As rumors of a potential Solana spot ETF in the U.S. heat up, investors are showing heightened interest in the token. However, SOL faces strong resistance at the 50-day moving average, currently around $145. A decisive break above $145 could open the door to a move towards $160, and many traders believe that if the liquidation pressure lessens, we could see a continuation to $180.
Recently, Solana also recorded its highest daily network revenue since February 21, highlighting increased utility and activity on the network.
Ripple Price Awaits Key Resistance Level
In the last seven days, XRP has risen by 11%, moving from $1.87 to $2.07. It is currently valued at $2.21 with a 24-hour trading activity of $3.72 billion. This price movement has created a strong support base between $2.00 and $2.20, suggesting a potential breakthrough.
Moreover, the price action displays decreasing volatility and a series of higher lows, traditional indicators of accumulation. The technical picture shows that as the price approaches the Fib level at $2.10, we might expect a strong rejection that could propel XRP towards $1.80.
If XRP manages to break through the $2.10 resistance, analysts anticipate a swift ascent to $2.50. However, general economic threats, such as global trade disputes, might limit the potential for a near-term upward movement.
Cardano Prepares For Next Upside Break
Following a strong 12% increase this week from $0.5892 to $0.6657, Cardano is now forming a bullish reversal pattern near the $0.63 line. With the price holding above the Fib level at $0.60, we might see another shift toward $0.70 and a return to the minimum $1.00 level in the upcoming months.
The upcoming Leios update, which aims to match Cardano’s execution speed with Solana’s, fuels ADA’s momentum. It is currently being traded at $0.6715, showing a 2.76% increase in the last 24 hours. Its market capitalization is $25.91 billion, and its daily trading volume is $939.16 million.
Rexas Finance: A Next-Gen Crypto
While XRP, Solana, and Cardano remain fundamental players in the altcoin market, Rexas Finance (RXS) is making headlines with its innovative approach to asset tokenization. Unlike traditional cryptocurrencies focused on payments or smart contracts, Rexas aims to convert high-value real-world assets like real estate, art, and commodities into tradable tokens.
RXS is in the final phase of its presale, currently priced at $0.20. This marks a significant increase from its initial launch price of $0.03, indicating a 566% surge. So far, over 461.5 million tokens have been sold, raising $48.3 million and completing 92.3% of its presale target. The token’s official exchange debut is scheduled for June 19, 2025, with a listing price of $0.25, promising investors an immediate 25% increase on launch day.
Rexas has already achieved major milestones, including listings on CoinGecko and CoinMarketCap, as well as a full Certik audit to confirm its security protocols. The platform also offers an expansive ecosystem featuring Rexas Token Builder, Launchpad, QuickMint Bot, GenAI, and Rexas Estate for fractional property ownership. With an outstanding 5,900% return for early-stage investors, analysts project RXS might reach $12 by the end of 2025.
This innovation positions Rexas at the forefront of what many view as the next significant wave in distributed finance, especially as the tokenization of physical assets continues to gain momentum
Disclaimer:info@kdj.com
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- Christian Thompson, Managing Director of the Sui Foundation, stated that bipartisan U.S. stablecoin legislation will be a powerful mechanism for driving capital formation and retail onboarding into Web3 ecosystems.
- May 06, 2025 at 12:20 am
- Speaking with Benzinga on the sidelines of Sui basecamp in Dubai, Thompson, a former Meta Deputy Chief Information Security Officer and Libra/Diem project contributor, emphasized stablecoins' role in enabling fast, inexpensive, and reliable cross-border transactions.
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