Ripple-Cardano Tokenization Rumor: Can XRP Price Hold $1.55 & Rally

Ripple’s new tokenization ad unexpectedly featured Cardano’s logo, sparking speculation about a potential partnership. Can this Ripple-Cardano partnership trigger XRP price action or Cardano towards higher bounds?

The campaign positions Ripple as a major player in real-world asset (RWA) tokenization, a market projected to reach $18 Trillion by 2030.

XRP price action shows the Ripple token is at a crucial pivot as rumors swirl.

The altcoin price broke below $1.90 support and is now testing lower Fibonacci zones.

XRP Price’s Wave 2 Retracement Deepens Within Key Fibonacci Zone

CasiTrades’ Elliott Wave analysis showed XRP price completing a Wave 2 correction within the golden pocket, which ranges between the 0.618 and 0.65 Fibonacci retracement levels.

Wave 1 extended from a macro low of around $0.47 to a peak of $3.87.

The current retracement finds the price between $1.55 and $1.45, aligning with the ideal correction zone before a Wave 3 impulse.

Moreover, CasiTrades identified $1.55 as the first support zone under the Fibonacci retracement pocket.

Her analysis also revealed that RSI is gradually coming out of an oversold condition, suggesting that bearish pressure may be easing.

For the structure to remain bullish, the price should close above $1.45 every day.

Below this level, the Elliott Wave setup would be expected to be invalidated.

The analyst highlighted a rising trendline from October that was broken. This makes the $1.55–$1.45 zone even more critical.

If XRP holds this level and prints a higher low, the conditions for a powerful Wave 3 rally may develop.

XRP Price Encounters Resistance Near $1.90

Notably, XRP price recently broke down from a multi-month ascending support line, triggering a drop below the key $1.90 zone.

That level has now flipped to resistance. The chart shows price attempting multiple recoveries, each getting rejected at or below $1.90.

These repeated failures indicate that there was a supply overload in that area.

In the latest retest, XRP price approached $1.88 before being rejected and declining.

Volume also followed this negative trend, indicating passive demand during attempts at re-establishing support.

The trend line projection indicates that the price dropped from the $2.80 and $2.60 resistance levels.

Until these levels are broken decisively, upside momentum may remain capped.

To regain the bullish trend, the XRP price must break above $1.90 and should maintain a closing price above $2.08, a critical level.

Until that happens, the structure will likely remain bearish or neutral in the smaller time frames.

Targets for Wave 3 Range From $8.43 to $13.40

According to CasiTrade’s analysis, if a break from $1.45–$1.55 could occur, this would rebound to Wave 3.

Fibonacci extension levels position the 1.618 extension of Wave 1 at $8.43 and the 2.618 extension at $13.40.

These values are calculated using logarithmic scaling from the base of Wave 1 at $0.47 to the peak at $3.87.

Wave 3 is easily the longest and the most impulsive among the five waves defined in the Elliott Wave theory.

For this certain scenario to happen, XRP must regain the $2.08 neckline, surge, and create a series of higher highs and higher lows. Eventually, it must break the bearish trendline.

If that structure develops, these long-term targets become technically valid.

XRP Could Break Down to $1.30 Based on Head-and-Shoulders Pattern

However, crypto analyst Ali Martinez offered a supplemental perspective with a classical head-and-shoulders breakdown.

His analysis revealed a neckline between $1.70 and $1.72, as the pattern suggested that it should reach $1.30.

In this case, the left shoulder is at $2.60 while the head at $ 3.60, and the right shoulder at $ 2.80. This bearish pattern points to further decline to the support areas ahead.

The $1.30 level aligned with previous consolidation zones from January and fits within the broader corrective range defined by CasiTrades.

Although Ali’s target is more short-term, it does not invalidate the longer-term bullish outlook unless XRP price loses the $1.40 threshold.