The XRP price is rising, joining other cryptocurrencies, which have all turned green today. Ripple spiked to $2.30 on Wednesday, its highest level since March 28, and 45% higher than its April low. It has soared by 350% from its lowest level in 2024.Crypto analysts cite its strong technical patterns, a recent statement by Teucrium CEO, and Paul Atkins swearing in as the new head of the SEC.
Crypto Experts Explain the Ongoing XRP Price Surge
XRP price rose as the crypto market boomed after Donald Trump said that he would not fire Jerome Powell. He also expressed hopes that the US will reach a trade deal with China, eliminating the recent tariffs.
Crypto pundits also identify an interview in which Teucreum CEO said that XRP was the only coin with a real utility. He argued that its role to become a SWIFT rival and Hidden Road acquisition will stimulate more utility. More so, the expert hailed the entry of Atkins at the SEC as a top catalyst. This statement came after his company’s recently launched The Teucrium 2x Long Daily XRP ETF reached $34 million in assets.
In a separate note, he credited the rally to the swearing-in of Paul Atkins as the new head of the SEC. He takes over from Gary Gensler, an official who focused on filing lawsuits against crypto companies, including Ripple Labs.
Paul Squire XRP Statement
Meanwhile, Ali Martinez, a crypto analyst with thousands of followers, noted that XRP price had created an inverse head and shoulders pattern on the hourly chart. He expects that the coin will surge towards the resistance at $2.70.
XRP Price Forecast
Another key theme is the upcoming approval of the XRP ETF, which is expected to result in substantial inflows. JPMorgan analysts estimate that these funds will accumulate over $8 billion in inflows in the first 12 months.
Ripple Price Prediction and Technical Analysis
Technicals suggest that the XRP coin price may be ready for a strong bull run. It has formed an inverse H&S pattern on the four-hour chart. Also, it has now jumped above the neckline, confirming the bullish breakout. It has also retested the 50% Fibonacci Retracement level at $2.30.
Additionally, trend and momentum indicators signal that the bullish momentum is intact. For example, the Directional Movement Index (DMI) has jumped to 40. This is a popular indicator used to measure the strength of a trend.
Therefore, the value of XRPwill likely keep soaring as buyers target the 78.6% retracement level at $2.70, which is about 20% above the current level.
XRP Price Chart
A drop below the neckline of the inverse H&S pattern at $2.2 will cancel the bullish outlook as it will mean that there are more sellers in the market.
The US markets are experiencing one of the massive pullbacks, with major stocks plunging by a huge margin. The crypto markets also heated up, recording more than $500 million in liquidation. The bearish waves rolled out within the markets due to Trump’s tariffs impacting the global markets. The trading volume spiked, increasing the selling pressure, while the market cap dipped close to $2.63 trillion.
Will Bitcoin Rise to $250K, or Will Macro Headwinds Hold Some Dominance?
Ever since the tariffs were announced, the markets began to experience massive selling pressure due to a notable rise in uncertainty. While gold prices continue to mark new highs, the strength of the US dollar has been constantly plunging. The DXY Index faced a massive 2.83% pullback while still holding above the crucial support at 100.
As seen in the above chart, the DXY Index seems to be in deep trouble as the DXY has printed massive bearish candles not seen in recent history. This could be a massive bullish signal for Bitcoin and the crypto markets, as the investors may find them a haven asset compared to the USD. On the other hand, the BTC hash rate has surged and marked a new ATH at around 975.96M, hinting towards an increased mining activity that sheds light on the bullish market sentiments.
The rise in the BTC hash rate suggests a more secured network that could boost the investor’s confidence. Despite the bullish signals, the BTC price is believed to break the crucial support as the star token may face a death cross soon.
Where’s Bitcoin’s (BTC) Price Heading Next?
It is quite evident that the selling pressure has been mounting over the BTC price rally over the past few days. As a result, the support at $81,000 will be tested anytime from now. However, an extended pullback to $80,000 is expected to confirm a bearish pattern, which could drive the price below the range.
As seen in the above chart, the 50/200-day MAs are heading towards a bearish crossover while the price is experiencing equal bullish and bearish pressure. If the seller’s dominance continues to prevail, the BTC price is expected to form new bottoms for the year that could further trigger a strong recovery phase, reclaiming the lost resistance levels above $85,000. This suggests Bitcoin is about to offer a good buying opportunity in the coming days, probably below $79,000.
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The US markets are experiencing one of the massive pullbacks, with major stocks plunging by a huge margin. The crypto markets also heated up, recording more than $500 million in liquidation. The bearish waves rolled out within the markets due to Trump’s tariffs impacting the global markets. The trading volume spiked, increasing the selling pressure, …
On April 6, 2025, veteran US President Donald Trump fueled the economic competition between the globe’s two greatest economies by imposing a blanket 50% tariff on all imports from China.
Dubbed as “Liberation Day,“ the action was designed to bring new life to American manufacturing, but instead set off a financial chain reaction that spilled well outside of conventional markets right into the center of crypto.
Global Market reaction on Tariffs
The initial response was pandemonium in all financial markets worldwide. The MSCI Asia-Pacific Index dropped more than 3%, and the Shanghai Composite plummeted by 4.7% an indication of serious investor nervousness in China. European markets were not immune either: Germany’s DAX and the UK’s FTSE 100 fell under the weight of dented export expectations.
On the other side of the Atlantic, American indices plummeted. The Dow Jones Industrial Average fell 600 points, while the NASDAQ dipped close to 2.5%. The hardest hit were semiconductor and electronics firms depending heavily on Chinese production. Fear drove investors into havens, driving gold to a 12-month high and sending U.S. Treasury yields down.
Crypto Market Reacted
The crypto space, which many at one time praised as a hedge against macro dislocation, wasn’t immune. Bitcoin (BTC) dropped close to 9% in the first 48 hours after the news. Ethereum (ETH) followed suit, dropping more than 8%. Risk sentiment had well and truly turned, and the digital asset market, inextricably linked to global investor sentiment, was subjected to sharp liquidation.
Asia-specific tokens such as NEO (baptismally referred to as the “Chinese Ethereum”) and VeChain (VET), which is associated with larger Chinese logistics and supply chain companies, experienced gruesome declines falling 12% and 15% respectively. Even US-preferred instruments were not exempt: Solana (SOL) fell by 10%, most of its drop coming courtesy of its extreme vulnerability to DeFi and institutionality trading.
While it was Layer-1 blockchains that bore the bulk of the blow, stablecoins were not spared either. Tether (USDT) redemption volumes spiked, particularly on Asian exchanges such as Binance and OKX, indicative of a flight to cash. Decentralized exchanges (DEXs) such as Uniswap and PancakeSwap, on the other hand, experienced major volume declines, indicating that retail investors were taking liquidity out of the market instead of trading the dip.
So why did stocks and crypto sell off in sync?
For one, crypto remains a speculative asset class. During periods of uncertainty, speculative assets are the first to be dumped. Second, big institutionals now control a significant proportion of crypto volume. These institutions play macro strategies—when fear increases, their capital reverses and moves to safer bets such as cash, gold, or short-term government bonds.
Worsening the situation further were early rumors of capital controls in Hong Kong and Singapore two key crypto hubs. Speculation that regulators might restrict crypto transactions to control capital flight led to further panic, especially among investors based in Asia.
As Bitcoin struggled, gold shone again. The Gold Shares (GLD) ETF recorded its largest one-day inflow in half a year. U.S. manufacturing ETFs experienced fleeting optimism, but most high-growth technology stocks particularly chipmakers such as Nvidia and TSMC got hammered.
In the cryptocurrency universe, those with lesser geographic and trade exposure performed better. Chainlink (LINK), which is decentralized in its oracle infrastructure, lost less than most, and some investors predicted that utility-based tokens would provide more stability in macro-driven routs.
Tariffs drama continuous
The tariff drama is more than politics it’s a stress test of the old and new economy. It demonstrated to us that crypto isn’t this digital island nation that is in some way proof against real world events. Whenever systemic risk beckons, any asset be it fiat, gold, or crypto adapts.
It also reshaped the narrative around Bitcoin’s “digital gold” thesis. While it has outperformed in some local crises (like inflation in Argentina or sanctions on Russia), in a globally synchronized panic, Bitcoin failed to serve as a safe haven. That doesn’t diminish its long-term value proposition, but it’s a reminder: we’re not there yet.
While the world grapples with this latest kick in the teeth of the U.S.–China dynamic, investors and crypto fans will have to reset expectations. Volatility is the new normal, yet in that chop is opportunity.
Builders will redouble efforts on decentralization. Regulators will catch up on how essential good crypto standards are. And investors if smart will learn to hedge risk, control emotions, and diversify better.
After all, Bitcoin was the product of a crisis. Perhaps this one will be the crucible out of which fresh innovation emerges once more.
The post Tariff Turmoil: How Trade Wars Are Shaking Global and Crypto Markets appeared first on Coinpedia Fintech News
On April 6, 2025, veteran US President Donald Trump fueled the economic competition between the globe’s two greatest economies by imposing a blanket 50% tariff on all imports from China. Dubbed as “Liberation Day,“ the action was designed to bring new life to American manufacturing, but instead set off a financial chain reaction that spilled …
