Cardano Shows Bearish Fatigue as Traders Pivot to XRP Alternatives
ADA’s price action flashes warning signals—a classic bearish divergence pattern emerges just as network activity slows. Meanwhile, a surge in defections to an XRP competitor hints at shifting loyalties.
Technical indicators now suggest exhaustion after Cardano’s recent rally. The RSI and volume tell the story: traders are taking profits or jumping ship entirely.
One anonymous whale dumped 12 million ADA this week, fueling speculation of an institutional rotation into newer protocols. ’Smart money moves before retail catches on,’ quipped a sardonic hedge fund manager still bitter about his 2022 LUNA bets.
As evidenced by Cardano price charts, ADA’s rally may be running out of steam. After a strong start to May, a bearish divergence has formed and traders are starting to notice. Similarly, while XRP’s growth has been lackluster, it still holds potential for a surge. In the meantime, many investors are shifting their focus to Remittix, which is gaining popularity during its ongoing presale. Could a radical shift in the altcoin leaderboard be ahead?
Is Remittix Your Best Shot At Enjoying The Best PayFi Protocol In The Crypto Market?
While most traditional payment systems are falling short in terms of their performance in delivering the best payment mechanisms, Remittix is switching things up. This new payment system promises low fees and fast settlements, targeting a market that craves speed and affordability. It’s cleverly positioned to resonate with everyday users and small businesses alike.
Remittix isn’t a meme coin or a hype pump. It’s a PayFi protocol designed for real utility. At its core, the project integrates stablecoin-based payments with fiat settlement layers, removing the friction between on-chain transfers and off-chain spending. Think of it as a crypto version of PayPal, but with no middlemen.
With its Pay API, users can accept crypto and get paid straight to their bank accounts. The entire ecosystem runs on its native token, $RTX, which has a limited supply of 1.5 billion. Holders can also stake their tokens and vote on decisions, helping to play an active role in developing the future of the platform.
Cardano Price Prediction: ADA Faces Huge Bearish Pressure As Reflected On Its Technical Data Charts
While ADA has experienced a steady growth trend recently, it now appears to be shifting toward a bearish outlook. On May 8, ADA’s Chaikin Money FLOW (CMF) climbed to 0.42. That spike hinted at heavy accumulation. As expected, ADA responded by rising to $0.85.
However, the sentiment has changed in the past few days. The CMF has since dropped to -0.11, signaling a concerning trend as this metric reflects buying and selling pressure. A negative CMF suggests that sellers are gaining momentum, breaking the upward trend seen during ADA’s recent rally. As a result, ADA is unlikely to sprint toward $1 anytime soon. Instead, it might stall for a while. Looking at Fibonacci retracement levels, some analysts believe that ADA could slip to $0.67, right around the 0.236 retracement zone.
Source: Coinmarketcap
XRP’s Shows Promise For Growth Following Parent Ecosystem Report
Ripple Labs just released its XRP Markets Report for Q1 2025. focusing on XRP’s impressive performance, increasing institutional interest, and a significant victory on the regulatory front. The report conveyed an optimistic tone, showcasing XRP’s resilience amidst market instability. Institutional support surged, largely fueled by the buzz surrounding crypto ETFs.
XRP-related ETPs also gained traction across the globe, which helped to pull in more listings and fresh capital. On the legal side, Ripple scored a major win. The SEC dropped its appeal. They cut Ripple’s fine from $125 million to $50 million and asked the court to cancel the injunction. Coupled with XRP’s recent strength, things look promising. This might just be XRP’s chance to finally break out of its sluggish phase.
Source: Coinmarketcap
Conclusion
Remittix is pushing ahead as the better investment option compared to the likes of ADA and even XRP. So far, Remittix has demonstrated its potential by successfully raising over $15 million through its presale. Want to take advantage of Remittix’s presale benefits before it takes off? Buy RTX for just $0.0757 today!
