Price Movement and ETF Speculation
Cardano (ADA) recently traded at $0.5426, marking a 5.323% decline over 24 hours. Market analysts attribute this volatility to growing speculation about a potential U.S.-approved Cardano ETF.
Crypto analyst CryptoPatel shared a technical analysis on TradingView, predicting a 90% chance of a Cardano ETF by October 23. The chart highlights:
- A multi-year ascending channel (since 2020)
- Key support between $0.24–$0.35 (tested repeatedly from 2022–2024)
- Resistance levels at $1.00–$1.45 (historically limiting rallies)
👉 Could a Cardano ETF Trigger ADA’s Next Bull Run?
Long-Term Projections
- Breakout targets: $2.00 and $2.89 (aligned with upper channel trends).
- Current consolidation suggests accumulation phase rather than immediate upward momentum.
Cardano’s DeFi Push: Ripple Stablecoin Integration
Cardano founder Charles Hoskinson proposed free integration of Ripple’s stablecoin (RLUSD) into Cardano’s ecosystem. This move aims to:
- Boost liquidity for Cardano’s DeFi protocols.
- Attract XRP community members to Cardano’s DeFi offerings.
- Compete with Ethereum and Solana in TVL (Total Value Locked).
Potential Impact
Merlijn The Trader predicts:
- Surge in liquidity providers (LPs).
- Higher TVL and DeFi activity.
- RLUSD’s cross-chain functionality could bridge Cardano and XRP Ledger.
👉 How RLUSD Could Reshape Cardano’s DeFi Landscape
Regulatory and Institutional Adoption
SEC-Approved Multi-Asset ETF
- Cardano included in a NYSE-listed ETF (July 2025) alongside BTC, ETH, SOL, and XRP.
- Signals growing institutional acceptance.
Whale Activity
- Large holders bought 490M ADA recently.
- On-chain activity rose 10.7%, indicating sustained demand.
FAQs
Q: What’s driving Cardano’s price drop?
A: Short-term volatility linked to ETF speculation and broader market trends.
Q: How would an ETF benefit ADA?
A: Increased institutional investment and liquidity, potentially fueling long-term growth.
Q: Why integrate RLUSD?
A: To stabilize Cardano’s DeFi ecosystem and attract XRP users.
Q: Is whale accumulation a bullish sign?
A: Yes—it suggests confidence in Cardano’s fundamentals despite retail pullback.
Cardano’s 2025 trajectory hinges on:
- Regulatory milestones (ETF approval).
- DeFi expansion (RLUSD integration).
- Institutional adoption (whale activity, ETF inclusion).