Sheldon the Sniper forecasts Cardano explosion similar to XRP’s recent gains
Cardano could reach $4.68 if it replicates XRP’s minimum 500% rally pattern
Phase 2 of altcoin season awaits Bitcoin breaking $123,091 all-time high
Crypto Banter podcast host Sheldon the Sniper has projected that Cardano will experience a major price rally comparable to XRP’s recent performance surge.
During a live stream, the market commentator expressed optimism about ADA’s potential, suggesting investors could witness another “Cardano explosion” similar to patterns seen with other cryptocurrencies.
Sheldon’s bullish forecast comes as he praised the Cardano community while highlighting potential for the native token to replicate XRP’s trajectory. His analysis points to similarities between the two projects’ market positioning and potential for explosive price movements during favorable market conditions.
XRP Sets Performance Benchmark with 530% Gains
XRP’s price action following Donald Trump’s re-election in November 2024 created a template for dramatic cryptocurrency rallies.
The token surged from $0.50 to a multi-year peak of $3.34 in January, marking a 568% increase as regulatory uncertainty diminished under new SEC leadership.
The token reached $3.65 during broader market rallies last month but failed to sustain momentum above its previous all-time high of $3.84. XRP currently trades around $3.15, maintaining a 530% gain from pre-election levels despite recent consolidation.
XRP’s performance was heavily influenced by resolution of the SEC lawsuit that had suppressed its price for years. The regulatory clarity provided by Trump’s administration changes enabled institutional adoption and retail investor confidence to return.
Cardano Trails XRP Performance Despite Election Boost
While Cardano has gained since the election, its performance lags behind XRP’s explosive growth during the same period. ADA traded around $0.35 before November elections, reaching a multi-year high of $1.31 in early December for a 274% increase.
The token has since retraced to current levels around $0.78, where it continues consolidating. If ADA follows XRP’s trajectory with minimum 500% growth, Sheldon’s analysis suggests potential prices reaching $4.68 from current trading levels.
Cardano benefits from ongoing developments including the Midnight rollout on its blockchain, which founder Charles Hoskinson believes will propel the ecosystem forward. These technical advances could provide fundamental support for sustained price appreciation.
Sheldon expects the second phase of 2025’s altcoin season to begin once Bitcoin surpasses its previous all-time high of $123,091. This breakout would likely trigger renewed interest in alternative cryptocurrencies as investors seek higher returns.
The analyst’s framework suggests that Bitcoin’s performance serves as a catalyst for broader cryptocurrency market movements. Historical patterns show altcoins often outperform Bitcoin during specific market phases following major breakouts.