Price analysis of crypto Cardano, Solana, and Ripple

In the last few days, there have been some interesting price movements for certain specific crypto, particularly for XRP (Ripple), SOL (Solana), and ADA (Cardano).

Ripple: the crypto XRP and the comparison of performance with Solana (SOL) and Cardano (ADA)

XRP is the native crypto of the Ripple ecosystem. It is the third cryptocurrency by market capitalization, behind only Bitcoin and Ethereum.

Yesterday, suddenly, its price rose from 2.3$ to over 2.5$, temporarily stabilizing around this level.

The surge was triggered by the statements of Ripple’s CEO, Brad Garlinghouse, who announced the definitive closure of the SEC lawsuit against the company.

The SEC had sued Ripple both for the methods of creation and sale of XRP on the primary market, and for the very nature of the token, considered an unregistered security.

The case against XRP had already concluded in 2023, while for the closure of the one against Ripple it was necessary to wait for the electoral victory of Donald Trump.

After that victory, the price of XRP had already jumped from $0.5 to $2.7, then reached $3.3 in January, although still far from the all-time high of $3.8 in January 2018.

Currently, the price of XRP is going through a phase of lateralization that started in December, oscillating between $2 and $3, with the exception of the week prior to Trump‘s inauguration at the White House, in mid-January.

Even though the sudden +11% yesterday may seem significant, in reality, it has only recovered part of the -22% recorded in the first half of March. Unlike Bitcoin, XRP is continuing its phase of lateralization.

Solana (SOL) Price Analysis

The discussion is very different regarding the trend of the price of SOL, the crypto native to the Solana ecosystem.

Even while remaining the fifth cryptocurrency by market capitalization (excluding stablecoins), its current situation is not the best.

Thanks to the boom of memecoin, the market value of SOL during 2024 had skyrocketed, rising from $62 to $162 even before Trump’s electoral victory.

In November 2024, SOL had further jumped beyond $250, reaching a new all-time high on January 19, near $300.

This surge, lasting more than two months, however, turned out to be just a mini-bubble, deflating starting from February.

As a result, the prezzo di Solana has returned below 200$, dropping to 112$ about ten days ago.

Currently SOL is hovering around $130, well below the $160 it had before the victory of Trump.

The boom of memecoin has ended, and with it, the bull momentum of Solana. However, its current price is still significantly higher than at the beginning of 2024, and further growth cycles could be possible in the future.

Analysis of the previous performance of ADA (Cardano)

The trend of the prezzo di ADA, the crypto native to Cardano, follows a different path yet again.

Unlike Solana, the memecoins have not influenced ADA, and in fact, there was no burst of a mini-bubble. However, like Bitcoin, the lateralization phase that began in December concluded in the following months.

The bear-market of 2022 for Cardano ended only in November 2024, with the victory of Trump. Since it had already started at the end of 2021, it lasted almost three years.

The all-time high of ADA was reached in September 2021, at $3.1, while at the end of October 2024 the price was still below $0.4.

The bear-market of Cardano has been so long and deep that not even the mini-altseason at the end of November 2024 managed to bring its price back to $3.

In fact, the peak maximum of 2024 was reached at the beginning of December, barely surpassing $1.2, followed by a period of sideways movement, which ended at the beginning of February.

At the end of February, the price of ADA had returned below $0.6, a level slightly higher than that of the end of October. However, it managed at least to climb back above $0.7.

Unlike XRP, the sideways phase of Cardano that began in December has now been over for more than a month and a half. Unlike Solana, ADA is managing to stay above the levels of late October.

However, ADA does not seem to have enough strength for a new rally in the short term.

Conclusion

The crypto like XRP, Solana, and Cardano are following very different trajectories:

• XRP continues its phase of lateralization, influenced by the legal events of Ripple.
• Solana (SOL) has experienced a strong correction after the memecoin boom, but remains at higher levels compared to the beginning of the year.
• Cardano (ADA) has concluded its period of lateralization, but struggles to find significant bull momentum.

These movements reflect the general trend of the mercato delle criptovalute, in which each asset follows a trend unico based on technical and fundamental factors.