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Cardano appears to be setting up for a move similar to XRP recent breakout, which could propel its price toward the $0.60 level.
For context, XRP reclaimed its weekly mid-Bollinger Band this week after recording steady gains over the first six days of the year. The token surged more than 30% from its $1.84 opening price, reaching around $2.43. This level aligns with its weekly mid-band, which corresponds to the 20-week simple moving average.
Before this bullish breakout, XRP had remained stuck below the weekly Bollinger midline. During that period, the market largely overlooked the token, which traded near the lower band amid lingering uncertainty.
Possible Action If Cardano Follows XRP Playbook
Interestingly, Cardano now appears to be in a near-identical position to XRP before its upward move. At its current price of $0.4198, ADA trades roughly 30% below its weekly midband, which sits near $0.60.
Notably, its broader technical structure closely mirrors XRP’s earlier setup, including a prolonged weekly downtrend, a rebound from the lower Bollinger Band, and early signs of re-entering the trading channel.
If ADA follows XRP’s trajectory, a move back toward the mid-band could lift the token to approximately $0.5986, representing a gain of more than 40% from current levels. Such a rally could unfold quickly, as mid-band reversion moves often attract momentum traders as confidence returns.
Meanwhile, Cardano has already delivered an impressive performance this week. ADA rallied to $0.4357 yesterday, marking a 30.91% jump from its 2026 opening price of $0.3328.
Although the token has since pulled back below $0.42, the move still produced Cardano’s first green weekly candle in several months, reinforcing the improving short-term outlook.
Potential Next Move
While the technical structure supports a strong upside move, execution remains the key uncertainty. The psychological $0.50 level could attract renewed buying interest, while a move above $0.525 may act as the trigger for ADA’s next impulse wave.
Although XRP’s decisive breakout has provided a clear roadmap, Cardano must still prove it can follow through.
Positive Start
Meanwhile, the year has started on a good note for ADA. The recent price spike helped the cryptocurrency record its first golden cross of 2026, a development that has already fueled speculation about further upside.
Moreover, Cardano founder Charles Hoskinson remains bullish on ADA’s outlook this year. He believes the token could replicate some of its strongest historical performances in 2026.
Further, Hoskinson highlighted several upcoming developments, including the launch of Leios, the Midnight mainnet, and continued improvements to Cardano’s DeFi ecosystem. These efforts could further support the token’s growth this year.