Charles Hoskinson has once again found himself at the center of the crypto community’s attention. In a recent interview, the Cardano founder questioned the very logic behind XRP holders participating in Ripple’s success.
According to Hoskinson, XRP holders have no legal rights to Ripple’s other assets and do not receive any direct share of the company’s profits. He emphasized that Ripple as a business may benefit from expansion, partnerships, and ecosystem growth, but that does not mean token holders automatically gain a stake in the company’s value or revenues.
Hoskinson also pointed to the early token distribution, when Ripple controlled a significant share of the XRP supply. His remarks triggered a strong backlash from the XRP community. Ripple representatives rejected the criticism and said the company operates in the interest of the broader crypto industry.
At the same time, Hoskinson confirmed that Cardano is still considering integrating XRP into its own DeFi ecosystem. While Solana has already introduced a wrapped version of XRP, a similar solution on Cardano remains in the waiting stage.
Cardano remains in waiting mode
Despite the heated debate around XRP, the ADA price is still moving within a clearly defined range. Over the past 24 hours, the price has traded between $0.2408 on the lower end and $0.2509 on the upper end. The current price stands at around $0.2467, which is approximately 1.8% above the previous close. Cardano’s market capitalization is estimated at around $9.1 billion.
What the technical picture shows
From a chart perspective, the setup remains restrained. ADA is trading slightly below the 20-day EMA at $0.2489. Until this moving average is convincingly reclaimed, the market structure remains neutral or slightly bearish.
There is still no clear upward trend in place. Instead, the market remains in a sideways consolidation phase.
Key levels for Cardano
On the downside, the first major support is located at $0.2408. If the price drops below that level, the next reference point will be $0.2328. A break of this zone would increase pressure on the asset and worsen the short-term technical outlook.
On the upside, the nearest resistance levels are $0.2490 and $0.2509. Only a sustained breakout above $0.2509 would significantly improve the technical backdrop and open the way for a move toward $0.2680.
Indicators still do not provide a strong signal
The RSI is currently around 47, which places it in neutral territory with slightly weakened momentum. This suggests that buyers are not clearly in control at this stage.
The width of the Bollinger Bands is about $0.0234, pointing to moderate volatility. This kind of backdrop is typical for a consolidation phase, when the market is waiting for a new impulse.
Base scenarios for ADA
Based on the current setup, three scenarios can be outlined:
Neutral scenario
- range: $0.2408–$0.2490
- probability: 55%
- invalidation: a move below $0.239
- logic: the price remains between support and resistance, RSI stays around 45–50, and the 20-day EMA remains close to the market
Bullish scenario
- target range: $0.249–$0.268
- probability: 25%
- invalidation: a return below $0.246
- trigger: a breakout above $0.2509 on rising volume, RSI above 55, and the 20-day EMA turning upward
Bearish scenario
- target range: $0.2408–$0.2328
- probability: 20%
- invalidation: a return above $0.251
- trigger: a drop below $0.2408 amid stronger selling pressure, RSI falling below 40, and the price holding steadily below the 20-day EMA
Conclusion
For now, Cardano remains in a waiting phase. The technical structure is still neutral, but it leans toward weakness if ADA fails to reclaim the 20-day EMA and break above $0.2509. If it succeeds, the market could gain momentum for a move toward $0.2680. If the price falls below $0.2408, however, pressure on the asset is likely to increase noticeably.
