US President Donald Trump is inching toward a major announcement in the coming days as trade negotiations reach a crescendo. US Treasury Secretary Scott Bessent says the US is in talks with 17 key trade partners, hinting at a seismic announcement capable of jolting the crypto market.
Donald Trump Negotiates With Key Trade Partners Amid Global Tariff Warfare
As tariffs heat up, US Treasury Secretary Scott Bessent says the US is in talks with 17 out of 18 key trade partners. According to an X post by the pseudonymous Walter Bloomberg, the discussions revolve around Trump tariffs and fresh concessions being offered by US trade partners.
Bessent testified before the House Appropriations Subcommittee on Financial Services and General Government, confirming ongoing discussions. Per Bessent, the lone nation not engaged in trade negotiations with Donald Trump is China, noting that a major announcement is in the offing.
“I would think that perhaps as early as this week, we will be announcing trade deals with some of our largest trading partners,” said Bessent.
Already, India has offered big concessions in the trade war with the US, providing a template for incoming trade deals.
Details of the announcements are under wraps, but a consensus is that the US will lower tariffs on key imports. A previous Coingape report anticipates a UK-US pact to lower steel and car export tariffs this week.
Crypto Markets Prepare For Seismic Announcement
Scott Bessent’s disclosure of an incoming ‘major announcement’ by Donald Trump has whipped the crypto markets into a frenzy. However, in the minutes following the disclosures, Bitcoin’s daily trading volume rose to $23 billion while prices gained a modest 1% as investors brace for impact.
While investors have their eyes peeled on trade negotiations, emerging reports indicate an incoming “earth-shattering” announcement by President Trump.
“It’s not about trade. It’s about something else,” wrote financial commentary platform The Kobeissi Letter. “A positive development for this country.”
This comes barely hours after India launched a volley of missiles into Pakistan, sparking concerns of a potential crypto crash. Pseudonymous cryptoanalyst Crypto TA King warns that an all-out military conflict between the two nations will adversely affect crypto prices.
As the spectre of bearishness hangs around the market, key declarations by Donald Trump can prop up cryptocurrency prices. Opening discussions with China is a potential needle-moving event, capable of triggering a cryptocurrency rally for the broader market.
Hedera’s native token HBAR has climbed 5% over the past week, driven by increased investor demand and a broader uptick in altcoin activity.
However, despite the short-term rally, technical indicators now suggest the momentum is losing steam, signaling a potential pullback in the days ahead.
HBAR’s Short-Term Rally Threatened by Weakening Bullish Pressure
An assessment of the HBAR/USD one-day chart shows the altcoin currently testing a break below its 20-day Exponential Moving Average (EMA). HBAR currently exchanges hands at $0.155, trading above this key moving average, forming dynamic support at $0.153.
The 20-day EMA measures an asset’s average price over the past 20 trading days, giving weight to recent price changes. When an asset’s price is poised to break below its 20-day EMA, it signals weakening short-term momentum.
HBAR’s eventual decline below this key moving average confirms that selling pressure has outweighed buying activity. If no strong buying interest emerges, the asset could enter a corrective phase or even start a new downtrend.
Moreover, readings from the altcoin’s Elder-Ray Index indicator support this bearish outlook. Over the past three trading sessions, the green bars that make up the indicator have seen their sizes shrink. This contraction reflects fading bullish conviction, reinforcing the risk of a near-term reversal.
The indicator gauges the strength of bulls and bears in the market. When it prints green histogram bars, it indicates strong buyer dominance and rising upward momentum.
However, when these bars contract like this, it signals a dip in token accumulation, which is the case with HBAR.
HBAR’s Fragile Gains Under Threat
These trends suggest that HBAR could struggle to maintain its gains unless fresh buying momentum returns. In the meantime, it could see a retrace. If selloffs spike, HBAR’s price could fall to $0.141.
If bearish pressure strengthens at this support level, the token’s price could plunge to $0.124.
Conversely, a resurgence in new demand for HBAR could invalidate this bearish outlook. If new buyers enter the market, they could propel the altcoin’s value above $0.162.
Bitcoin (BTC) is hovering below the $94,000 level while still showing sensitivity to US economic indicators. Accordingly, this week’s US economic data could spark volatility in the crypto market.
From consumer confidence to labor market strength, economic indicators could influence sentiment and sway crypto prices.
US Economic Data To Watch This Week
The following US economic indicators could affect the portfolios of crypto market traders and investors.
“Let me try to help you make sense of everything that’s going on: Tariff madness, plunging consumer confidence, rising recession odds, market fragility and all the ways that the economy will shape your life,” economist Justin Wolfers remarked.
Consumer Confidence
The Consumer Confidence report will start the list of US economic indicators with crypto implications this week. On Tuesday, April’s Conference Board’s Consumer Confidence Index will show whether households are optimistic about financial conditions.
March’s 92.9 index signaled a relatively pessimistic outlook among US consumers concerning the economy and their financial situation.
According to data on MarketWatch, the median forecast is 87.4. Strong confidence often correlates with risk-on sentiment, driving investment into Bitcoin and altcoins.
Accordingly, reading below expectations might trigger profit-taking, denting confidence in the economy’s overall strength.
With global trade tensions, an unexpected decline could amplify safe-haven demand for Bitcoin, though volatility remains a risk.
“The soft data suggests that the hard data is set to fall. Consumer Confidence can lead the unemployment rate (inverted). If that ends up being the case this time around, we’re looking at around 6% or higher,” wrote Markets and Mayhem.
JOLTS Job Openings
This week, the Job Openings and Labor Turnover Survey (JOLT), which tracks demand, adds to the list of US economic indicators.
The last JOLTS report was released on April 1, covering February 2025 data. It reported job openings at 7.6 million, hires at 5.4 million, and total separations at 5.3 million. The next JOLTS report, for March 2025, is due on Tuesday, with a median forecast of 7.4 million.
A rebound above 7.6 million for crypto could signal economic resilience, boosting risk assets like Bitcoin. Strong openings suggest hiring confidence, potentially increasing disposable income for crypto investments.
However, a weaker-than-expected figure, potentially below the median forecast of 7.4 million, might stoke recession fears. Such an outcome would drive investors toward Bitcoin as a hedge.
Crypto markets react to labor market signals as they influence Federal Reserve (Fed) policy expectations. With rates at 4.25%–4.5%, a tight labor market could delay cuts, pressuring speculative assets.
ADP Employment
The ADP National Employment Report tracks private-sector job growth and will be out on Wednesday. March 2025’s 155,000 jobs beat expectations, signaling labor market strength despite tariff concerns.
A strong reading above 160,000 for crypto could ignite bullish sentiment, as job growth fuels consumer spending and risk appetite. If employment data suggests economic expansion, Bitcoin could gain more upside potential.
However, a miss below the March reading of 155,000 or below the median forecast of 110,000 might spark fears of a slowdown. This could push investors toward stablecoins or Bitcoin as safe havens.
Unlike the Bureau of Labor Statistics’ Non-farm Payrolls (NFP), ADP’s payroll-based methodology excludes government jobs. This methodology offers a granular view.
With markets eyeing Fed policy, ADP’s outcome will set the tone for Friday’s NFP.
Q1 GDP
The advance estimate for Q1 2025 GDP will be released on Wednesday. This data also measures economic growth.
Q3 2024’s 2.8% annualized rate fell short of expectations, pressured by trade deficits. Meanwhile, Q4 2024’s 2.4% reading came following a downward revision to imports.
Strong GDP growth above 3% in crypto signals economic health, often boosting Bitcoin as investors embrace risk. Nevertheless, crypto markets are sensitive to GDP revisions and influence Fed rate decisions.
With inflation concerns lingering, a strong GDP, higher than Q4’s 2.4%, might reduce rate-cut hopes, pressuring speculative cryptos. Conversely, sluggish growth could spur expectations of monetary easing.
PCE
The Fed’s preferred inflation gauge is the Core PCE (Personal Consumption Expenditures) Price Index. This US economic indicator, covering March, will come out on Wednesday this week after the March 28 data covering February.
After February 2025 saw a 2.5% year-over-year (YoY) PCE index, economists anticipate a modest drop to 2.2% for March, reflecting persistent price pressures.
Nevertheless, a PCE reading below 2.5% for Bitcoin could signal cooling inflation, raising hopes for rate cuts and boosting sentiment toward Bitcoin.
A hotter-than-expected figure above the previous reading of 2.5% might tighten Fed policy expectations. PCE’s exclusion of volatile food and energy prices offers a stable inflation view, making it a key driver of crypto sentiment.
With markets sensitive to monetary policy shifts, traders should monitor services spending, as it reflects consumer resilience. Nevertheless, volatility is likely, as PCE shapes the Fed’s rhetoric.
“March PCE inflation (out on Wed Apr 30) should read 2.1% (rounded). April PCE (out in late May) should read 2.0% (rounded). Tariffs are a boss but this is the Fed’s target measure. It could be time to cut, to be honest, politics aside,” wrote hedge fund manager Ophir Gottlieb.
Initial Jobless Claims
This week, the Initial Jobless Claims, reported every Thursday, adds to the list of US economic indicators. This data measures weekly unemployment filings. Claims are a high-frequency indicator, offering real-time labor market insights, and crypto markets often react swiftly to surprises.
For the week ending April 18, 222,000 claims indicated a steady labor market despite tariff chaos. Accordingly, claims below 222,000 could signal growing employment, fostering risk-on sentiment, and lifting Bitcoin.
However, higher claims above 222,000 could spark concerns of economic softening, driving investors to stablecoins or Bitcoin for safety. With the Fed closely monitoring labor data, an unexpected spike might fuel rate-cut speculation.
Non-farm Payrolls
The Non-farm Payrolls (NFP) report will be released on Friday. March 2025’s 228,000-job gain exceeded expectations, with unemployment at 4.2%.
A strong NFP could drive bullish momentum, as job growth signals consumer spending power. A weak report below the median forecast of 130,000 might trigger recession fears, pushing capital to Bitcoin as a hedge or stablecoins for stability.
NFP’s broad scope, covering 80% of GDP-contributing workers, makes it a market mover. Key interest will also be on wage growth, as 0.3% monthly increases suggest inflation pressures, potentially capping crypto gains.
With markets pricing in Fed policy, surprises could spark sharp volatility.
Many crypto investors dream about the day their favorite coin takes off — and for XRP fans, the big question is: how high can it go in the next 10-15 years? Different predictions have popped up online, and while some are overly bold, others seem within reach. Let’s break down what AI models are saying about XRP’s future price.
Where XRP Stands Right Now
At the moment, XRP is trading around $2.15. It’s come a long way from its earlier prices but is still far from the huge numbers some holders are hoping for. The coin has faced a tough battle with US regulators, but it’s still one of the major names in crypto, especially for international money transfers.
Some Say XRP Could Reach $22 by 2040
Analyst Cheeky Crypto made an analysis and one prediction puts XRP at $22 by the year 2040. The idea is that once the legal issues are sorted out, and if more banks and businesses start using XRP for faster, cheaper international payments, the price could climb steadily.
If this happens:
To have $500,000 by 2040, you’d need around 22,727 XRP today, which would cost about $53,000 at current prices.
If your goal is $1 million, you’d need 45,454 XRP, costing roughly $106,800 now.
Others Predict an Even Bigger Jump to $150
Some very bullish predictions by Goggle Gemini suggest that XRP could reach $150 by 2040. This would only happen if the coin became widely used for global money transfers and its demand skyrocketed.
In that case:
You’d only need 3,333 XRP to have $500,000
Or 6,667 XRP to hit $1 million
This would be a dream come true for early investors — but it’s a bold prediction, and no one can say for sure if it will happen.
The Truth Is Probably Somewhere in Between
While $22 seems more reasonable and possible if the market grows and XRP overcomes its challenges, $150 would require the perfect mix of massive adoption and strong market demand. The real price might land somewhere in between those two numbers.
The post XRP Price Prediction for 2040: Will It Be Enough to Quit Your 9-to-5? appeared first on Coinpedia Fintech News
Many crypto investors dream about the day their favorite coin takes off — and for XRP fans, the big question is: how high can it go in the next 10-15 years? Different predictions have popped up online, and while some are overly bold, others seem within reach. Let’s break down what AI models are saying …
