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#Cardano may have bottomed and could be beginning a major cycle transition after spending several months in a prolonged downtrend.
Cardano (ADA) trades at $0.160, down 94.8% from its all-time high of $3.10. From the cycle’s peak price of $1.32 in December 2024, it is down 87.8%, further reflecting the deep correction that has mirrored the broader market trend.
Recently, ADA broke below its previous cycle’s low of $0.22 to the current market price. The token now trades at price levels last seen in 2020. But could the downtrend be over for the now 16th-largest cryptocurrency by market cap?
A Potential Turning Point for Cardano?
Notably, the crypto market often moves through cycles, with bullish and bearish phases unfolding over multiple years. An example is what happened between 2021 and 2023. Cardano grew by 621% in 2021 to its peak and current all-time high of $3.10.
After reaching the peak, ADA entered a deep correction that erased a significant portion of its gains. It spent years consolidating before building a base. June 2023 marked an important shift in Cardano’s structure as the market found stability. The coin finally bottomed out at $0.22 after a staggering 93% crash.
What followed was months of recovery that carried ADA substantially higher into late 2024. It rose an impressive 500% from the low to the December 2024 high, as bulls reclaimed control of the market from bears.
Now, attention is once again turning to June 2026. Cardano has dropped to multi-year lows and has also dropped well below prior highs, with some analysts suggesting the possibility of a price bottom.
One of the reasons for this bias is the timing of the previous bottom. ADA formed a base in June 2023, exactly 21 months after its 2021 peak. Currently, it has been 19 months since the coin peaked in December 2024. If ADA finds a durable base as it did three years ago, then a turning point is near.
ADA Targets New Expansion Phase
If the broader correction has indeed run its course, Cardano could be entering the early stages of a new expansion period. As seen after June 2023, ADA could start to reclaim higher prices in the coming months, shifting momentum bullish.
However, the exact duration of the next bull cycle remains uncertain. Unlike previous periods, today’s market is evolving alongside growing institutional adoption and a changing regulatory landscape. As a result, future cycles may not follow the same timeline as the past.
Analysts have already projected potential targets for Cardano. Celal Kucuker shared in an analysis that $4.2 is the target for a new bull rally, citing an “incredibly clean” chart setup. Meanwhile, short-term targets include the golden pocket at $0.70, according to Tim Warren.
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The crypto market is exploding with excitement today as Bitcoin ETF inflows continue to surge, attracting billions in institutional capital and reigniting bullish sentiment across the industry. Bitcoin remains firmly in the spotlight, while Ethereum, Solana, and other major altcoins are seeing increased trading volume and investor interest.
Market analysts believe the combination of strong ETF demand, growing institutional adoption, and expanding blockchain innovation could pave the way for the next major crypto rally. Social media platforms are buzzing with predictions of new all-time highs, making crypto one of the hottest topics in global finance right now.
Adding fuel to the momentum, several large financial institutions have recently increased their exposure to digital assets, signaling confidence in the long-term future of cryptocurrency. Meanwhile, traders are closely watching key resistance levels as Bitcoin attempts to extend its bullish trend.
While volatility remains part of the game, the overall market sentiment is turning increasingly optimistic. If current momentum continues, the coming weeks could be crucial for shaping the next chapter of the crypto bull cycle.
Stay alert, manage risk, and keep an eye on market-moving developments.
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On-chain data indicates that retail wallets holding at most 5,000 #XRP tokens make up more than 93% of the total XRP-based addresses.
The XRP ecosystem has continued to witness remarkable expansion in recent times. While wallet growth has slowed this year amid bearish sentiment triggered by ongoing price struggles, XRP is already on course to hit the 8 million milestone.
Interestingly, data confirms that most of the wallet growth this year has been driven by retail investors who have continued to show interest in XRP despite the selling pressure. Today, retail wallets holding 5,000 XRP tokens or less make up 93% of total XRP addresses.
XRP Hosts 7.4M+ Retail Wallets
According to on-chain data sourced by XRP Rich List, a community-driven resource, the XRP Ledger (XRPL) now hosts exactly 7,409,974 retail wallets holding at most 5,000 XRP tokens (currently worth $5,650).
Of this figure, the lowest tier of wallets, involving those holding 20 XRP ($22.6) or less, accounts for 3.969 million, making up the largest share of retail wallets. Meanwhile, addresses with 20 XRP ($22.6) to 500 XRP ($565) make up 2.552 million of the total.
As for addresses with 500 to 1,000 XRP ($565 to $1,130), these investors number 263,002, accounting for the lowest share of retail wallets. At the same time, there are 624,489 wallet addresses holding 1,000 to 5,000 ($1,130 to $5,650).
Together, these 7.4 million retail wallets make up about 93% of the total 7.93 million XRP wallets. Addresses holding 5,000 to 1 billion XRP sum up to 523,042, representing a little above 6.5% of the total XRP wallets in existence.
Retail Wallets Hold Minimal XRP
However, despite representing over 93% of total addresses, these retail wallets only hold 2.7% of the circulating XRP supply. Specifically, retail investors with 5,000 XRP or less hold a cumulative balance of 1.844 billion XRP tokens worth $2 billion.
In this area, whale accounts with 100 million XRP ($113 million) to 500 million XRP ($565 million) hold the largest balance for any single address tier, possessing up to 12.715 billion XRP ($14.3 billion), representing nearly 19% of the circulating XRP supply, despite being just 66 in number.
What This Means for XRP
Notably, this distribution leans slightly bullish. When a very large share of wallets holds only a tiny fraction of the supply, it suggests XRP is widely distributed among small participants. This broad user base indicates long-term adoption, as it shows organic interest.
However, it also shows that most of the supply sits with larger wallets, meaning whales and institutions still have strong influence over price movements. This can introduce volatility if big holders decide to sell, but it also confirms that more capitalized players remain invested.
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#The global crypto market is currently facing a pullback, with the total market cap dipping by approximately 2.6% to $2.24 trillion. As traders, it’s crucial to understand why this is happening.
​What’s Driving the Downward Pressure?
The current market sentiment is being shaped by two major factors:
​Fed’s Hawkish Stance: The Federal Reserve’s recent interest rate signals have created a cautious environment for risk assets.​Leverage Liquidations: Heavy liquidations in the digital credit markets have further accelerated the downward momentum.
​Top Headlines You Need to Know:
​📍 Bitcoin (BTC) Price Action: Bitcoin has slipped below the $63,000 level. Traders are currently reacting to the Fed’s pivot, with a surge in bearish options bets impacting price stability.
​📍 Regulatory Focus: New regulatory pressure is mounting on stablecoins. U.S. agencies are proposing bank-style "Customer Identification Programs" (CIP) for all payment stablecoin issuers.
​📍 Institutional Moves: It’s not all negative! Institutional interest remains strong:
​Morgan Stanley: Filed amended S-1 registrations for Ethereum and Solana ETFs with the lowest fees in the market.
​Franklin Templeton: Proposed innovative new ETFs aimed at converting corporate dividends into Bitcoin.
​📍 Industry Shifts: The Ethereum Foundation saw another leadership change with the resignation of co-executive director Hsiao-Wei Wang. Additionally, the U.S. CFTC has successfully secured a permanent trading ban against former Celsius CEO Alex Mashinsky.
​Market Outlook:
While the market is digesting these macroeconomic shifts and regulatory updates, the push for institutional adoption continues to evolve. Keep a close eye on support levels and market sentiment.
​What is your strategy during this dip? Accumulating more or waiting for further confirmation? Let me know in the comments! 👇
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