- XRP and Cardano see a pause in their rallies.
- RSI remains below the neutral lines.
XRP and Cardano [ADA] experienced a surge in the broader altcoin market following the approval of the spot Bitcoin ETF. However, the recent slowdown in the rally prompts the question: is now an opportune moment to consider investing in these altcoins?
A pause in rally for Cardano and XRP
Analyzing Cardano’s daily timeframe chart showed a recent shift from downtrends to an upward rally that started on 8th January. This upward movement briefly paused on 9th January but continued in the following days.
It trended upwards on 10th and 11th January, coinciding with the announcement and the first trading day of the spot Bitcoin ETF, respectively.
On 10th January, ADA saw a notable increase of around 10.5%, marking its most significant gain so far this year.
Source: Trading View
However, in the past 24 hours, it experienced a decline of over…
