Cardano, XRP Down 9% ‘Black Friday’ But Ripple’s $1B XRP Treasury Plans Give Bulls Hope
Posted On October 17, 2025
Cardano (CRYPTO: ADA) is down 9% on Friday, while XRP (CRYPTO: XRP) performed marginally better with a 7% decline.
Ripple’s billion-dollar digital asset treasury raise may be a factor as wider crypto markets reel from heavy liquidations.
ADA Price Crashes Through Support As $0.55 Target Looms
ADA Price Analysis (Source: TradingView)
ADA fell to $0.61 after failing to defend its $0.74–$0.79 EMA cluster, breaking below the wedge structure that has guided price action through 2025.
The move marks a major test of the ascending trendline dating back to January.
A daily close below $0.62 would confirm a structural breakdown, exposing targets near $0.55 and $0.50, both prior liquidity zones.
Technical readings show momentum …
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