19.1 C
New York
Friday, August 29, 2025
HomeRegulations & PoliciesCardano ADA Eyes Ripple Link as Chart Signals 100% Rally

Cardano ADA Eyes Ripple Link as Chart Signals 100% Rally

Date:

Related stories

Cardano is exploring a collaboration with Ripple that could expand XRP’s reach into its Lace multichain wallet. The integration would give users direct access to XRP within Cardano’s ecosystem, reinforcing the blockchain’s commitment to interoperability. The move also links to Cardano’s privacy-focused Midnight sidechain, where XRP could play a role in incentive mechanisms and token distribution.

This potential partnership arrives at a time when institutions are paying closer attention to Cardano’s infrastructure. Custodial ADA holdings have surged more than threefold compared with last year, reflecting increased trust from regulated investors who are looking at Cardano as a credible alternative among Layer 1 networks.

– Advertisement –

Protocol Upgrades Strengthen Enterprise Role

Cardano developers continue to advance major protocol improvements designed to attract large-scale adoption. Recent upgrades include CIP-112, which enhances smart contract verification, and Hydra, which now scales transaction throughput toward 100,000 transactions per second. At the same time, Mithril improves node synchronization, lowering barriers for participation and strengthening the network’s resilience.

These upgrades position Cardano to meet enterprise and institutional demands. In Brazil, the federal data processing service SERPRO and PUC-Rio University have already engaged with Cardano technology, applying it to governance frameworks and academic research. Such partnerships highlight Cardano’s expanding use cases beyond traditional retail activity.

Governance and Community Expansion

Cardano’s governance structure is evolving with greater community involvement. Weekly development reports in August highlighted progress on node version 10.5.1, updates to mini-protocols, and enhancements to Plutus smart contracts. These technical improvements align with Cardano’s push to refine both infrastructure and developer tools.

At the same time, ecosystem growth continues through new collaborations. Blockchain.com has joined the Midnight sidechain, while Wanchain expanded connectivity by linking Cardano to the SUI network. These developments demonstrate Cardano’s strategy of strengthening its ecosystem through both partnerships and community-driven governance.

Cardano Bullish Flag Analysis – August 29, 2025

This chart was created on August 29, 2025,  on TradingView. Cardano ADA/USDT has formed a bullish flag pattern on the 4-hour timeframe. A bullish flag appears when a strong upward price move, called the flagpole, is followed by a downward-sloping consolidation channel. This pattern usually signals continuation, suggesting that once price breaks out of the flag, momentum from the flagpole can resume, pushing the asset significantly higher.

ADAUSD 4h Bullish Flag Pattern. Source: TradingView
ADAUSD 4h Bullish Flag Pattern. Source: TradingView

On this chart, ADA surged sharply in mid-August, establishing the flagpole. Since then, price has consolidated inside parallel downward-sloping lines, shaping the flag. The current price of $0.818 trades below the 50-period EMA at $0.868, which acts as near-term resistance. If ADA breaks convincingly above this level and out of the flag channel, the measured move projection indicates a rally of about 102 percent from current levels toward $1.149.

Volume has steadily decreased during the flag’s consolidation phase, which aligns with how this pattern typically develops. A breakout with rising volume would confirm renewed buyer momentum. Until then, the reduced volume shows indecision, as participants wait for a decisive move.

The RSI sits at 36.14, with its moving average higher at 45.19, showing that ADA is leaning toward oversold conditions. This reading reflects short-term weakness, but it also increases the probability of a sharp rebound once demand returns. If RSI climbs back above 50 alongside a breakout from the flag, it would further strengthen the bullish outlook.

In summary, Cardano is consolidating within a bullish flag pattern. The EMA is capping short-term gains, and volume remains muted, but the setup favors continuation once resistance breaks. If confirmed, ADA could extend its rally by over 100 percent, carrying price toward $1.149 in the coming weeks.

Source link

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories