XRP, BTC, ETH Price Predictions After Tariff Reversal: Crypto Market Soars 5.5%
The cryptocurrency market experienced a remarkable surge this week, gaining 5.5% and adding approximately $94.5 billion in market capitalization. This rally was primarily fueled by former U.S. President Donald Trump’s pivotal decision to revise his tariff policy dramatically. By lowering tariffs for all U.S. trade partners to a uniform rate of 10% (with the notable exception of China), Trump’s announcement injected fresh optimism among investors, bolstering confidence in both traditional and digital asset markets. As a result, Bitcoin (BTC), Ethereum (ETH), and Ripple’s XRP saw significant price jumps, reflecting heightened risk appetite among traders and a reassessment of geopolitical uncertainties.
Bitcoin led the charge, bouncing back strongly from a temporary drop to around $74,600, ultimately surging 6.5% to regain a trading price above $82,600. Ethereum and XRP outperformed Bitcoin during this period, posting gains exceeding 10% in the hours following the announcement. As traders digested the implications of Trump’s tariff cuts, liquidity began flowing back into the markets, and analysts noted a considerable reduction in geopolitical risks. Not only did this U-turn in tariff policy support a bullish sentiment in equities, but it also catalyzed a spike in demand for cryptocurrencies, indicating a shift in investor behavior towards risk assets.
In light of the tariff cuts, Bitcoin forecasts indicate a potential target of $84,000 in upcoming trading sessions. BTC’s recent price movements suggest a strong recovery, particularly noted in its bounce from key support levels. The cryptocurrency demonstrated resilience, with a notable upward trend that coincided with significant trading volume, reflecting buyer conviction. Analysts warn, however, that profit-taking could occur, especially if Bitcoin stalls around the $83,500 level. Key support remains at approximately $77,600; a drop below this threshold might reignite bearish pressures and prompt reevaluations of the current trend.
Ethereum is similarly showing positive momentum, rebounding sharply from an oversold state marked by three consecutive red candles. Recent price action indicates a strong buying interest, propelling ETH to close at approximately $1,638—an 11.23% bump following the tariff reversal news. As ETH seeks to reclaim previous highs, the next significant resistance lies at $1,800, coinciding with the midline of the Keltner Channel. Caution is advised, as early profit-taking could trigger retracements back toward $1,500, which remains a pivotal zone for traders to monitor closely.
Ripple’s XRP has also demonstrated a turnaround, breaking above $2.04 with a bullish engulfing candlestick that marks a significant shift in market sentiment. With prices now above the Volume Weighted Average Price (VWAP) of $1.95, XRP appears to be gaining traction after a prolonged correction. Analysts indicate that the cryptocurrency is eyeing resistance near $2.05, where a clean break could further validate bullish cases for XRP. Historically, XRP has witnessed explosive upward movements after stabilizing from deeply negative market indicators, and current momentum suggests that additional upward movement is possible—for instance, reaching toward the $2.50 mark if bullish conditions persist.
As the global crypto landscape continues to react to Trump’s policy shifts and the broader implications for risk assets, investors are urged to be vigilant. The resurgence of capital inflows into crypto reflects a restored appetite for risk, but it comes with inherent volatility. The prices of BTC, ETH, and XRP are all showing strong potential for extended growth, but potential pullbacks are also in the realm of possibility. Overall, traders need to stay informed of market signals and exercise prudent risk management strategies to navigate this dynamic environment effectively.