XRP price is referred to as a sleeping giant, as the crypto has demonstrated some monstrous moves in the last 12 months. Over the past few weeks, the XRP price has exhibited volatility, reflecting broader uncertainties within the crypto space. Currently, the price is approaching key resistance levels between $2.45 and $2.71, and a breakout from the range is expected to trigger a fine upswing.
Two potential reasons why the XRP price is expected to demonstrate gigantic moves are legal developments with the SEC lawsuit, institutional adoption, and the regulatory environment. A favorable ruling in the SEC vs. Ripple lawsuit is expected to provide clarity and potentially boost investor confidence. Meanwhile, the first-ever approved spot XRP ETF by Franklin Templeton indicates the growing institutional interest. On the other hand, the Trump administration’s proposal to include XRP in the US crypto reserve could enhance its legitimacy and adoption.
Now that the market sentiments have slightly turned greedy from being in fear, will the XRP price maintain a consolidated ascending trend to reach fresh highs?
The upswing that it held since the start of the day has helped the token to rise above a bearish pattern. The price has risen above the resistance of the descending triangle due to a massive influx of buying liquidity as the traders turn optimistic. However, Bollinger bands have squeezed, suggesting not only a drop in volatility but also a major breakout incoming. On the other hand, th MACD displays a rise in the buying volume while the levels are heading back into the positive range.
The current trade setup and the technical point towards the price preparing for a massive movement shortly. If the XRP price breaks through the $2.45 to $2.71 resistance zone, it could pave the way for a rally towards $3 or above. Once the token settles above this range, a new ATH could be imminent for the XRP price rally.
Crypto market capitalization closed the week above $2.7 trillion mark on Saturday, April 5, while Trade war panic wiped over $1 trillion off US tech stocks including Apple, NVIDIA and Microsoft.
Microsoft, Apple and Nvidia all lose $3 trillion valuation as Trump tariffs Wipe Out $1 trillion in 3 days
As Trump announced fresh tariffs on Wednesday, global Markets reacted swiftly. The Dow Jones Industrial Average dropped over 3000 points plunging 7.4%, while Crude Oil (WTI) also tumbled more than 10% as manufacturers and commodities traders brace for a blip in global commerce.
But the most dramatic losses came from the United States’ technology sector. Apple, Microsoft, and NVIDIA—three of the most valuable companies globally—shed more than $1 trillion in market capitalization combined after Trump announced the sweeping tariffs on Wednesday.
US Stock Market Performance over the past week, April 5 2025 | Source: TradingView
Apple alone fell 15.02% on the week, while NVIDIA’s stock lost 15.4% following supply chain concerns tied to the semiconductor industry. Microsoft declined 15.9%, extending its weekly loss to the steepest seen since October.
Notably, all three stocks which traded above the $3 trillion mark in the past year have now plunged below that historic threshold.
Largest Companies globally ranked by market capitalization as of April 5 2025 | Source: companiesmarketcap.com
At press time, on Saturday April 5, Apple (AAPL) sits atop with $2.83 trillion market cap, while Microsoft (MSFT) and NVIDIA (NVDA) follow with current valuations of $2.7 and $2.3 trillion valuations respectively.
Historically, such synchronized declines among the biggest U.S. corporations suggest investors are reacting to systemic market risks rather than, individual stock performance outlook.
This affirms that China’s swift retaliation—announcing new tariffs on U.S. exports within 48 hours—has sparked fears of a sustained trade war.
The looming supply chain risks has prompted investors to pivot away from US stocks towards alternative markets like private credit and cryptocurrencies.
Altcoins Brace for Breakout as Crypto Market Cap Holds at $2.7T Amid Trade War Concerns
Bitcoin price has held firmly above the $80,000 mark, despite US Trade tariffs sparking intense market turbulence across global financial markets over the past week. BTC’s resilient price action has caught investor’s attention, with the positive sentiment extending towards altcoins.
On Wednesday, the White House triggered widespread investor anxiety by unveiling sweeping new tariffs on imports from multiple trading partners, including China, India, Mexico, and the European Union.
Early market reactions show that cryptocurrencies withstood the sell-pressure while US Stocks, and manufacturing commodities markets nose-dived.
Crypto Spot Market Performance, April 5 2025 | Source: Coingecko
As seen in the Coingecko chart above, the aggregate crypto market capitalization stands at $2.7 trillion at press time, keeping weekly timeframe losses below the 8% mark. Not only has Bitcoin price held above the $82,000, the resilient performance extended to the crypto sector as a whole.
As seen in the chart, top ranked altcoins like XRP, BNB and Cardano are holding key support levels around $2, $590 and $0.65 respectively, as global markets saw major sell-off response to Trump’s tarrfis.
But in the crypto-sector as weak hands exited, and BTC held steady, altcoin found new buyers as as investors exiting us stocks sought assets unexposed to trade tensions. In effect, Crypto markets only declined 8% in the past week, while Microsoft, Nvidia and Apple all plunged by more than 15%.
As investors exited those markets, the displaced capital found its way into the crypto markets, which has kept top altcoins that Ethereum, XRP, BNB. and Solana consolidating near the $1,800, $2, $600.
For context, of the top 5 ranked cryptocurrencies are posting BTC, ETH, BNB and XRP are all posting less than 1% losses on the weekly timeframe.
Meanwhile, Solana the worst performer among the top-ranked altcoins this week, settles at $119 at press time, having only plunged 5%, despite active bearish catalyst from token unlocks, and upcoming FTX payouts.
China is making moves that could impact the entire cryptocurrency market. There are reports suggesting that the country is considering launching a strategic Bitcoin reserve and may soon lift its crypto ban. This has created buzz, especially for altcoins tied to Chinese blockchain projects, as they stand to benefit from the country’s growing interest in digital assets. Hashkey CEO recently said, “I think there is the possibility the mainland China government will reconsider their stance towards the crypto and Web3 industry.”
China’s Shift Toward Crypto
China’s push into cryptocurrency seems driven by its desire to compete with the U.S. and strengthen its position globally. As more countries embrace digital currencies, China wants to lead the way in crypto and blockchain technology.
Experts believe that when China lifts its crypto ban, a significant amount of money will flow into Chinese tokens. Analyst Tracer explains, “In a positive scenario, their liquidity will first flow into China-related tokens,” potentially sparking a rally in altcoins connected to Chinese blockchain projects. This presents a great opportunity for investors to get ahead of the curve.
Top Chinese Altcoins to Watch
Aethir (ATH) – A project focused on building decentralized GPU computing infrastructure. With a market cap of $275.77M, it’s one to watch as liquidity pours into China-related tokens.
Zilliqa (ZIL) – A high-speed blockchain designed for scalability, Zilliqa is ready to take off when China’s crypto ban is lifted. It has a market cap of $257.15M and is set to benefit from increased demand.
Neo (NEO) – Known as the “Chinese Ethereum,” Neo is one of the country’s most established blockchains. With a market cap of $578.91M, Neo could see growth as China’s crypto industry expands.
The post China to Launch Bitcoin Reserve? These Altcoins Could Soar as The Nation Plans to Lift Crypto Ban appeared first on Coinpedia Fintech News
China is making moves that could impact the entire cryptocurrency market. There are reports suggesting that the country is considering launching a strategic Bitcoin reserve and may soon lift its crypto ban. This has created buzz, especially for altcoins tied to Chinese blockchain projects, as they stand to benefit from the country’s growing interest in …
Solana price has climbed 10% in the last 24 hours as market sentiment turns positive. The surge follows a broader crypto market rebound and a bullish Federal Reserve policy update. Traders are now eyeing further gains as the first Solana ETF prepares to launch tomorrow, potentially driving additional momentum for the asset.
Solana Price Rises 10% Awaiting Tomorrow’s SOL ETF U.S. Launch
Solana price increased 10% as traders anticipate the first-ever Solana futures ETFs launching in the U.S. on Thursday. Volatility Shares will introduce these ETFs on Nasdaq, allowing more institutional participation in the Solana market.
This development has fueled strong buying activity, signaling optimism among traders ahead of the launch. The ETFs will track Solana futures, marking a significant step for crypto investment products in the U.S. market.
With heightened interest, analysts speculate on whether this launch could drive a bullish trend for Solana. Investors remain watchful as the market prepares for a new phase in Solana trading.
ICYMI: Solana $SOL ETFs are set to launch in the US tomorrow!
Will the Bullish Momentum Continue for Solana Price?
The latest Solana price has surged over the past 24 hours, showing notable upward momentum.
The SOL price is currently hovering around $133, reflecting a 10% increase following the crypto market recovery. The BTC price is trading above $85k, while ETH hovers above $2k, fueling the surge.
The top altcoin has been trending upwards in a clear channel, aiming for key resistance near the $140 mark.
Technical indicators confirm this positive momentum. The Moving Average Convergence Divergence (MACD) shows bullish signals, with the MACD line at 0.98, surpassing the signal line of 0.48.
This suggests strong buying interest. Moreover, the Chaikin Money Flow (CMF) stands at 0.21, indicating a positive capital flow into SOL.
The first target for Solana price prediction would be around $140, which aligns with the recent resistance level. A successful breakout above this level could see the price rise towards $150, a significant psychological resistance zone. If the bullish trend continues, the next target could be $160.
If the price faces significant downward pressure and breaks below $130, the next support level to monitor is around $120.
Final thoughts, the recent Solana price surge, combined with the anticipation of the first ever ETF launch, suggests a bullish outlook. Traders remain optimistic as they watch for continued momentum. The coming days will reveal whether the rally can maintain its strength and push Solana to new highs.
ICYMI: Solana 