Cardano Whales Sell 50M ADA as XRP Eyes $1 Support Amid Outflows

Key takeaways Cardano (ADA) trades below $0.175 on Monday after declining more than 9% last week. Large Cardano whales holding between 10 million and 100 million ADA have offloaded approximately 50 million tokens since November 4, signaling weakening confidence. ADA risks extending its decline toward $0.156 as bearish technical indicators persist, while immediate resistance stands firm in the upper boundaries.

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Key takeaways XRP trades near $1.09 on Monday after declining more than 10% last week, with sellers maintaining control of the broader market. US spot XRP ETFs recorded $529,510 in net outflows last week, ending two consecutive weeks of positive institutional flows. XRP risks testing the psychological $1 support level as bearish technical indicators persist.

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The broader altcoin market is currently experiencing significant downward momentum as major digital assets face persistent selling pressure from both retail and institutional cohorts. Over the past week, both Cardano (ADA) and Ripple (XRP) recorded notable losses, shedding over 9% and 10% of their market value respectively. This synchronized decline highlights a shifting sentiment across the cryptocurrency landscape, where investors are taking profits and recalibrating their risk exposure ahead of key macroeconomic events.

For Cardano, the core driver of the recent downturn stems from aggressive liquidation by large-scale holders. Market data reveals that address cohorts holding between 10 million and 100 million ADA have collectively shed around 50 million tokens since November 4. This substantial exit by market whales has amplified selling pressure, dragging the price below the $0.175 threshold and opening up downside risks toward the key technical target of $0.156.

Similarly, Ripple's XRP is struggling to maintain its bullish momentum following a sharp pullback from recent highs. The token is currently hovering near $1.09, heavily impacted by institutional capital flight. US spot XRP ETFs recorded over half a million dollars in net outflows last week, breaking a two-week streak of positive institutional inflows. If this sell-off persists, technical patterns suggest that XRP could soon test the critical psychological support level at $1.00.

This article does not constitute investment advice. The content provided here is solely for informational purposes and reflects the results generated by TradeitKN's AI analysis system. Before making any financial decisions, you should conduct your own research or consult with a licensed financial advisor.