Will XRP, ADA Prices Rise Further Amid Trump Retreat?

XRP (XRP) and Cardano (ADA) have rallied impressively so far in April, beating an overall bearish outlook engulfing risk assets due to Donald Trump’s seesaw tariff policies against China.

Both assets rose by over 8.50% month-to-date, outperforming tech-heavy Nasdaq 100, which dropped by over 2.50% in the same period.

That signals a decoupling between crypto assets and the stock market, suggesting that more investors have considered digital currencies safe-haven assets akin to gold.

From a technical perspective, XRP and ADA are also looking to post broader gains as April’s end nears, and these rallies may continue further in May. Let’s discuss.

XRP, ADA Break Key Resistance Levels

Ripple’s XRP has broken out of a descending triangle pattern, a setup typically considered bearish but capable of producing strong upside when invalidated.

The breakout occurred near the $2.20 mark and sets a bullish price target of approximately $3.55, calculated by adding the pattern height to the breakout point. Rising volume and a strengthening RSI above 57 support the move, signaling growing momentum.

Similarly, Cardano’s ADA has confirmed a breakout from a falling wedge—another classic bullish reversal pattern.

The breakout, just above $0.67, opens the door for a run toward $1.03 based on the wedge’s depth.

ADA’s price has also reclaimed its 50-day and 200-day exponential moving averages, further validating the breakout and improving its technical outlook heading into May.

Political Uncertainty Boosts Crypto Appeal

XRP and ADA broke out just as U.S. political tensions rattled markets. Stocks fell after President Trump hinted at firing Fed Chair Jerome Powell for not cutting interest rates. Though he later backtracked, the threat shook investor confidence.

The episode raised doubts about the Fed’s independence, a key pillar of U.S. market stability. When trust in institutions erodes, investors often seek alternatives, including cryptocurrencies.

There is NOTHING Trump or his administration can say or do to reduce economic uncertainty.

So yesterday he said he’s not firing Powell. Whoop de do. As if this is a permanent state of affairs that one could base predictions on.

Same for:
-tariffs
-alliances
-everything

— Angela Walch (@angela_walch) April 23, 2025

XRP and ADA are now benefiting from this shift. Their technical breakouts align with the rising demand for non-traditional assets. If political pressure on the Fed continues and U.S. growth weakens, both tokens could attract more capital in May.