The cryptocurrency market has experienced a tumultuous week, with many assets, including Ripple (XRP) and Cardano (ADA), suffering significant losses. Despite the bleak outlook, holders of these assets remain optimistic about a potential price surge as the market recovers. The recent downturn was sparked by a decline in Bitcoin (BTC) prices, which fell below $65,000, leading to a bearish trend in altcoins and meme coins.

Ripple, in particular, has struggled to gain traction, with its price falling by 0.56% in the last 24 hours to $0.487. Despite some coins showing signs of recovery, Ripple has failed to join the rally, with outflows continuing to plague the asset. The ongoing legal battle with the Securities and Exchange Commission (SEC) has contributed to Ripple's limited growth this year, with bulls predicting a modest target of $1 for the asset in the next bull run.

Cardano, on the other hand, has shown some resilience, with a 0.87% increase in the last 24 hours to $0.385. However, the asset still faces significant challenges, with weekly outflows and a 19.5% decline in monthly prices. Like Ripple, Cardano's daily trading volumes have plummeted, falling by 4% to $267 million.

Despite the current struggles, both Ripple and Cardano have the potential to rebound as the market recovers. A wider market rally, driven by a shift in sentiment and potential rate cuts by the Federal Reserve, could propel these assets upwards. While achieving all-time highs may be a distant prospect, both Ripple and Cardano could break through near-term resistance levels this quarter.

In conclusion, the recent losses suffered by Ripple and Cardano have not dampened the spirits of their holders. As the market begins to recover, these assets have the potential to bounce back, driven by a combination of factors, including a shift in sentiment and potential rate cuts. While the road to recovery may be long, both Ripple and Cardano have the potential to surprise investors in the coming months.