XRP, Cardano (ADA), and Solana (SOL) tokens are exhibiting technical strength

XRP, Cardano (ADA), and Solana (SOL) tokens are exhibiting technical strength in a signal of potential short-term price recoveries, data indicates.

In a turbulent cryptocurrency market, XRP, Cardano (ADA), and Solana (SOL) tokens are displaying technical strength, hinting at potential short-term price recoveries from recent lows, data from showed Monday.

While broader market volatility and macro pressures could limit gains, bullish patterns are emerging. XRP's failure to break below the $2.00 support signals bullish momentum, whereas Cardano's double bottom at $0.55 and Solana's persistent rally above $130 suggest strong accumulation phases.

However, Alex Kuptsikevich, the FxPro chief market analyst, said in a note that traders should await confirmation of a bitcoin trend reversal before considering long-term dip buying on major tokens.

"Bitcoin has yet to confirm a growth reversal," Kuptsikevich said. "The key area along the way is the $85,000 level, where the 50-day moving average passes. Its overcoming will be an important confirmation of the bullish sentiment, while fluctuations below it will remain market noise."

"XRP found support last week on the decline to the 200-day moving averages. This small but encouraging signal suggests that market participants are still adhering to a 'buy on dips' strategy, believing in the continuation of the bullish trend," he added.

Here are technical analysis highlights for XRP, ADA and SOL, based on CoinDesk data:

XRP: $2.00 support signals bullish momentum

XRP surged 11% from $1.87 to $2.07 in the past week, breaking a psychological $2.00 barrier earlier Monday. Recent price action shows a higher low at $2.065, recovering to $2.068, with decreasing volatility indicating accumulation.

Technical Outlook:

* If $2.00 holds, bulls may want to watch $2.10-$2.15, with a break below risking $1.99.

* A drop below $1.90 could put $1.80 back in focus.

* XRP is testing the 70-400 moving average confluence, a key area for buyers.

Solana: Ascending channel eyes $125.50

Solana rallied 3% from a low of $125 to nearly $134 in early European hours Monday, part of a 30% climb from $101.30 to $125.48 in the past week driven by ETF approval optimism (76% odds on Polymarket).

Support around the $120 mark remains firm, with recent consolidation between $124.50-$125.30 testing $125.50 resistance.

Technical Outlook:

* A clear break above $135 could push SOL to $140 and above.

* A drop below $120 risks $105, but the channel favors bulls.

* The Relative Strength Index (RSI) is overbought on the 4-hour chart, suggesting potential exhaustion in the current rally.

Cardano: Double bottom drives rebound

ADA rebounded 18.6% from $0.537 to $0.637 in the past week, forming a double bottom at $0.55 with strong volume on April 9th. Despite bitcoin's 15% weekly decline and trade tensions (China's 34% U.S. import tariffs), ADA's consolidation above 60 cents (now support) signals strength.

With the ascending channel with support at 63 cents, bulls can now target at least 70 cents.

Technical Outlook:

* A break below 63 cents risks 55-59 cents, but the double bottom supports the upside.

* The 4-hour chart shows a rising triangle pattern, which can favor further gains toward 70-73 cents.