The altcoin market, prominently featuring Ripple Labs’ XRP and Cardano (ADA), has witnessed a notable rebound as global financial markets reopen in 2025. This resurgence comes as Bitcoin (BTC) appreciates by approximately 2% within the past 24 hours, reaching a trading price of around $95,323 during early European trading on Thursday, January 2. The TOTAL3 index, which excludes Ethereum (ETH) and BTC, has increased by over $13 billion, positioning itself around $985 billion.
Technical and Fundamental Analysis of the Altcoin Market
From a technical perspective, the altcoin sector is gearing up for a significant movement in the near future, following a bullish conclusion to 2024. Fundamentally, the entire cryptocurrency market retains a highly optimistic outlook, especially with the re-election of Donald Trump as President of the United States. The return of Trump to the White House has fueled positive sentiment across financial markets, bolstering confidence in the cryptocurrency sector.
Moreover, institutional investors are increasingly channeling funds into the web3 ecosystem, aiming to capitalize on the ongoing macroeconomic bull run. This influx of capital is expected to further amplify the growth trajectories of leading altcoins.
Midterm Targets for Cardano and Ripple’s XRP
Cardano (ADA)
The Cardano network, recognized as a leading layer one blockchain, has reaped substantial benefits from continuous chain upgrades and strategic partnerships. The recent Chang hard fork has enhanced Cardano’s functionality and bolstered its decentralized governance framework.
As a result, ADA has outperformed other large-cap altcoins, maintaining a bullish trajectory over recent months. Having closed the fourth quarter of 2024 with a staggering growth of over 140%, ADA entered 2025 on a strong upward trend.
In the past 24 hours, ADA has surged by over 8%, currently trading at approximately 92 cents. Nevertheless, on a daily timeframe, ADA must surpass the 50 Moving Average (MA) and consistently close above the descending logarithmic trendline to negate the previous correction phase.
Ripple (XRP)
Ripple Labs’ XRP has garnered significant attention recently, particularly following the appointment of pro-crypto advocate Paul Atkins as the new chair of the US SEC, replacing Gary Gensler. This large-cap altcoin, with a fully diluted market valuation of approximately $236 billion and a daily trading volume averaging around $10 billion, has risen by over 10% in the last 24 hours, trading at about $2.35 at the time of writing.
Crypto analyst Captain Faibik suggests that XRP is poised for another 50% rally towards a new all-time high of around $3.66. However, for this bullish outlook to materialize, XRP must break out from a descending triangular pattern, which would confirm the positive momentum in the near term.
