Cardano’s ADA: Reaching for $1 with XRP Partnerships and ETF Hopes

Cardano (ADA) is currently trading near $0.83, facing resistance between $0.85-$0.90. However, analysts predict a possible breakthrough to reach $1. Key factors driving this potential surge include collaborations with Ripple, speculation about upcoming Ethereum ETFs, and increased liquidity seen in ADA’s exchanges. While short-term momentum may be waning according to the MACD indicator, the RSI signals balanced buying and selling pressure. Long-term trends suggest a challenging 200-day MA hurdle.