Ripple, Cardano, and Solana Continue Double-Digit Gains Amid Institutional Buying

Ripple (XRP), Cardano (ADA), and Solana (SOL) are all trading in the green on Tuesday, continuing their double-digit gains from last week.

The technical outlook for these assets is bullish, with buying pressure mounting. Ripple's price has extended its gains above $1.50, maintaining a 50% gain from last week and trading above both the 50-day and 200-day Exponential Moving Averages (EMAs) at $1.1564 and $1.3473, respectively.

Firm institutional buying is behind Ripple's recovery, with XRP Exchange-Traded Funds (ETFs) recording $13.82 million in inflows on Monday. Momentum remains stretched on the daily chart, with the Relative Strength Index (RSI) deep in overbought territory near 82 and the Moving Average Convergence Divergence (MACD) holding above zero with positive histogram readings.

Cardano is also up 2% on Tuesday, holding above $0.2200 mark and testing a breakout of an ascending resistance trendline near $0.2328. A confirmed breakout could target the 200-day EMA at $0.2475 and the February 2 high at $0.3034.

Solana reclaims $100 as SOL ETFs record $33 million in inflows, maintaining a constructive bullish bias with its upward trend over the last nine days crossing the 50-day and 200-day EMAs.