Cardano Making Similar Moves XRP Made Before Its 12x Surge: Analyst

The prospect that Cardano could be the next token to repeat the explosive move seen with XRP is gaining momentum among proponents.

XRP Non-Logarithm Scale

JD referenced an earlier post from February 8, where he highlighted his accurate prediction of XRP’s breakout from a six-year descending triangle. According to him, he started making the call to buy XRP at the bottom when the token traded around $0.28.

At the time, the analyst predicted a possible XRP price explosion using a non-logarithmic scale that measures an asset’s true value. Notably, his projections worked out precisely as planned, with XRP rallying over 12x from the bear market bottom around $0.28 to July’s high of $3.67.

Specifically, XRP broke out of the January 2018-originated triangle in November 2024 after years of consolidating, rallying over 400% from $0.57 to $2.29 before continuing its upsurge to multi-year highs.

Cardano Shows Similarity

Interestingly, JD has now spotted a similar move for Cardano. In his post yesterday, he suggested that the blue-chip asset could make a similar move upon breaking out of the triangle as XRP did.

An accompanying chart shows ADA has been trading in a four-year descending triangle after its 2021 peak of $3.10. Like XRP, Cardano has consolidated within this structure and is almost at its breakout point.

Cardano Triangle BreakoutMeanwhile, he awaits a breakout from the channel to confirm an explosive move in Cardano, similar to that seen in XRP While he waits, he has also utilized the non-logarithmic scale for true value to project the possible target for ADA upon breakout.

The chart identified the $3.50 region as the true value of ADA upon breakout from the triangle. At the current price of $0.429, this represents a 715.8% rally and a new all-time high for the asset.

Notably, JD is not the only one predicting that Cardano will reclaim $3 in the near future. Analyst Christoper Visser shared a slightly higher target of $3.9 for ADA in August, suggesting that a breakout from a similar triangle would spark this move.

Additionally, UK Finance analysts at Finder expect a slightly lower target of $3.15. They predicted this could happen by 2030.