Technical Outlook: Key Support Levels for Cardano (ADA) and Ripple (XRP)

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.

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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.

The post Is XRP heading towards $1 amid persistent ETF outflows? appeared first on CoinJournal.

Technical charts for top altcoins Cardano (ADA) and Ripple (XRP) reflect a challenging trading environment as both assets approach crucial support zones following heavy weekly losses. Chartists and algorithmic traders are carefully monitoring price action around key thresholds to determine whether bulls can mount a defense or if further declines are imminent.

Cardano's technical setup shows a clear series of lower lows and lower highs on the daily timeframe. Having dropped over 9% last week to trade below $0.175, ADA's moving average convergence divergence (MACD) and relative strength index (RSI) are both signaling dominant bearish momentum. The immediate resistance above remains firm, while technical indicators point to a strong probability of ADA retesting $0.156 in the short term if whale liquidations persist.

For XRP, technical structure is similarly fragile following a 10% weekly decline to $1.09. The shift from net ETF inflows to $529,510 in weekly outflows has removed key buying momentum. The daily RSI has slanted downward, approaching oversold territory, while price action compresses toward the major psychological milestone at $1.00. A decisive break below $1.00 could open the door for a deeper market correction across related trading pairs.

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.