Cardano's price lags behind XRP, reflecting a 6.5% drop over the past week whereas XRP recently surged to $2.40.
This performance gap has raised concerns about Cardano's growth potential.
Lack of Big Catalysts, XRP's Regulatory Advantage, Investor Sentiment, and Market Trends and BTC Influence are some of the key reasons for Cardano's underperformance compared to XRP.
Without a major catalyst, investors may continue to favor XRP over Cardano in the short term.
There is still hope that Cardano's price could recover as historically, bullish crypto markets tend to benefit altcoins like Cardano.
For investors, the key levels to watch are $1.50 and $2.00.
While it's easy to get distracted by the performance of faster-moving tokens, ADA has a history of strong comebacks and is one of the most technologically advanced blockchains.