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XRP, Solana, and Cardano Struggle as U.S. Shutdown Becomes Longest in History

7 hours ago
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XRP, Solana, and Cardano Struggle as U.S. Shutdown Becomes Longest in History

The longest U.S. government shutdown in history has entered its 36th day, and prediction markets now expect it to continue into mid-November.

Key Takeaways

  • XRP sees renewed interest from traders even as broader crypto markets turn cautious.
  • Solana remains under selling pressure despite its new cross-chain payments initiative.
  • Cardano slips further, as long-term optimism from Charles Hoskinson fails to inspire near-term gains.

The prolonged standoff has started to weigh on market sentiment, with investors becoming increasingly cautious amid shrinking liquidity and broader uncertainty.

Within the crypto market, altcoins like XRP, Solana, and Cardano have faced notable volatility as traders navigate the macro tension. Despite strong fundamentals and network developments, each is struggling to gain traction, reflecting how the political gridlock in Washington has dampened overall risk appetite.

XRP: Traders Buy the Dip as Ripple Secures $500M Funding

XRP has managed to attract attention while most altcoins decline. The token trades near $2.25, down 0.97% in the past hour and roughly 8.4% over the week, giving it a market cap of $135.7 billion.

Technically, XRP’s RSI around 40 suggests a neutral-to-bearish zone, while MACD readings show a slight upward shift, hinting at a possible recovery. According to CryptoQuant, open interest in XRP is rising on Binance even as positions in Bitcoin and Ethereum unwind. Analysts interpret this as a sign of conviction among traders who see current levels as a buying opportunity.

The renewed confidence is also supported by Ripple’s $500 million funding round, which boosted its valuation to $40 billion. Led by major players including Citadel Securities, Pantera Capital, and Galaxy Digital, the raise underscores investor belief in Ripple’s expanding product line and its growing role in institutional blockchain infrastructure.

Solana: Cross-Chain Payment Push Meets Market Weakness

Solana is trading at $158.11, down 0.42% in the past 24 hours and 15% over the last week, with a market cap of $87.3 billion. Its RSI at 34 shows heavy bearish momentum, and while the MACD remains negative, it is beginning to flatten, suggesting early signs of stabilization.

Despite the weak price action, Solana’s fundamentals continue to strengthen. The network recently joined the Blockchain Payments Consortium (BPC) alongside Polygon, Fireblocks, and Monad to establish a unified framework for cross-chain stablecoin transactions. The consortium aims to bring interoperability and compliance to a fragmented on-chain payments landscape that already surpasses $20 trillion in annual volume.

This move highlights Solana’s ambition to become a core payments infrastructure layer, even as short-term price sentiment remains subdued.

Cardano: Vision for 2030 Fails to Lift Market Sentiment

Cardano’s ADA is currently trading at $0.528, down 2.6% in the past day and 12.8% for the week, with a market cap near $18.9 billion. Technical indicators show an RSI around 36 and a flat MACD, pointing to lingering weakness and limited momentum.

Founder Charles Hoskinson recently shared an ambitious roadmap for Cardano’s evolution through 2030, emphasizing scalability, full decentralization, and computational privacy as the blockchain’s next major frontiers. He envisions over 10 million active users by the end of the decade, describing privacy as a “10x to 100x opportunity” that could redefine how blockchains manage data.

Despite this long-term optimism, ADA’s price continues to lag, showing a gap between visionary fundamentals and near-term investor sentiment.

Macro Pressure: Longest U.S. Shutdown Saps Market Liquidity

The historic 36-day government shutdown has become a major drag on markets. Data from Polymarket shows traders assigning nearly a 50% chance that the impasse will extend beyond November 15, with only a 2% probability of resolution this week. The extended disruption is constraining liquidity across both traditional and digital markets, amplifying the cautious mood among investors.

For crypto, that means slower inflows into riskier assets, lower volumes, and fewer speculative spikes. Altcoins like XRP, SOL, and ADA—often more sensitive to sentiment swings—have been among the hardest hit.

Outlook: Technical Weakness, Long-Term Strength

While short-term charts still point to consolidation, the fundamentals behind each project remain solid. XRP benefits from institutional backing and growing derivatives interest, Solana continues to advance real-world payment integration, and Cardano is laying the groundwork for a decentralized governance model.

If macro conditions improve and Washington finds a resolution, these networks could see renewed inflows and stronger recovery momentum as risk appetite returns to crypto markets.

The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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Author

Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.

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