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- Ripple’s RLUSD integration could boost Cardano’s liquidity, scalability, and ADA adoption in the DeFi space.
- ADA price shows signs of recovery, with key support at $0.60 and resistance at $0.70, signaling potential for future growth.
Cardano’s blockchain is again making waves in the crypto market after confirming Ripple’s RLUSD stablecoin integration. Charles Hoskinson, the founder of Cardano, recently confirmed that Ripple is exploring the possibility of bringing its largest stablecoin, RLUSD, onto the Cardano blockchain.
BREAKING NEWS:
XRP’S BIGGEST STABLECOIN $RLUSD IS COMING TO CARDANO
Is this the beginning of stablecoin adoption on Cardano? pic.twitter.com/MVdT3oJVRU
— Mintern (@MinswapIntern) March 29, 2025
This announcement has fueled speculation about its possible impact on Cardano’s ADA price. With the addition of RLUSD, ADA could see a boost in liquidity and scalability within the decentralized finance (DeFi) space.
The integration of RLUSD onto the Cardano blockchain has the potential to enhance Cardano’s standing in the crypto space. Stablecoins like RLUSD provide a solid foundation for DeFi applications, increasing the blockchain’s appeal for developers and users alike.
With Cardano’s growing infrastructure and expanding ecosystem, the addition of RLUSD, as reported by ETHNews, could enable more decentralized applications (dApps) and further establish Cardano as a prominent player in the DeFi market.
This move could also help Cardano’s liquidity by introducing more use cases for ADA. As more platforms adopt RLUSD, the demand for ADA may increase due to the need to interact with Cardano’s smart contracts and decentralized applications. The decision aligns with Cardano’s goal to attract more developers and users, which may eventually result in greater adoption and a higher ADA price.
Market Reaction and ADA Price Outlook
The announcement of RLUSD’s possible integration has sparked renewed interest in ADA, with the market showing signs of a recovery after the recent downturn. Despite a 10% drop in price over the past week, Cardano has shown resilience with upward momentum.
ADA’s price recently rose to $0.6783, recording a 2.49% daily increase. The shift in sentiment suggests that ADA’s price may be poised for a rally with positive news like the RLUSD integration.
However, the market is still cautious. The Moving Average Convergence Divergence (MACD) indicator suggests a slight bearish trend, with the MACD line staying below the signal line.
This points to limited upward momentum in the short term. Additionally, the Relative Strength Index (RSI) for ADA is at 44, indicating that ADA is neither overbought nor oversold, leaving room for future price movements.
Key Levels to Watch for ADA Price Movement
Traders are monitoring key price levels for ADA as the market recovers. Strong support is observed at around $0.60, followed by another level of support at $0.63. If the price continues to decline, $0.55 is considered a major level to monitor.
On the resistance side, ADA faces a hurdle at $0.70, which has prevented any upward movement in recent weeks. The next major resistance zone is at $0.90, and if ADA manages to break through this level, the barrier at $1.00 could become the next target.
