Trump’s Tariff Twist Sends Crypto Soaring: XRP, BTC, ETH on Fire!

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In a twist so dramatic it could rival a Wildean comedy, the cryptocurrency market has staged a comeback worthy of a standing ovation. 🎭 XRP, BTC, and ETH surged a collective 5.5%, adding a staggering $94.5 billion to the market cap, all thanks to former U.S. President Donald Trump’s tariff reversal. Who knew tariffs could be so thrilling? 💰

XRP and ETH Steal the Show as BTC Takes a Backseat

The global cryptocurrency market, ever the drama queen, climbed back above a $2.7 trillion market cap on Wednesday. Trump’s decision to slash tariffs for all nations—except China, of course—sent investor confidence soaring. Bitcoin, ever the diva, led the charge with a 6.5% surge, while Ethereum and Ripple’s XRP stole the spotlight with gains of over 10%. Move over, BTC—there’s a new duo in town. 🚀

Bitcoin, recovering from a midweek slump, surged to $82,600, proving once again that it’s the ultimate comeback kid. Meanwhile, Ethereum and XRP basked in the glory of their double-digit gains, leaving Bitcoin to wonder if it’s still the star of the show. 🌟

Trump’s Tariff Tango: A Crypto Catalyst?

This policy shift marks a U-turn so sharp it could give you whiplash. Trump’s initial tariff announcement had sent markets into a tailspin, but his reversal has reignited bullish momentum. Analysts speculate this is an attempt to restore market confidence while maintaining his tough-on-China stance. With Asian markets still closed, the crypto world eagerly awaits more capital inflows. 🕺

Here’s how the crypto trio—BTC, XRP, and ETH—might perform in the coming days. Spoiler: it’s looking bullish. 🐂

Ethereum’s Grand Comeback: $1,800 in Sight

Ethereum, the darling of the crypto world, rebounded with a vengeance, surging 11.23% to close at $1,638. The bullish candle pierced back inside the Keltner Channel, signaling a potential trend reversal. Volume surged, validating the rally, and the Detrended Price Oscillator (DPO) began turning higher, suggesting the downtrend is losing steam. 🎯

The Ethereum price forecast now targets $1,800, but traders should remain cautious. If ETH stalls near $1,680, a reversal back to $1,500 is possible. After all, even the most dramatic comebacks can falter. 🎭

Ripple’s Rise: XRP Eyes $0.84

XRP’s recent breakout above $2.04 marks a notable shift in sentiment. The high-volume bullish engulfing candle and break above the VWAP at $1.95 strengthen the bullish thesis. The Donchian Channel midline at $2.05 aligns with immediate resistance, and a clean break above could confirm upside continuation. 📈

From a technical standpoint, XRP rebounded decisively off the lower Donchian Band at $1.61, reflecting potential exhaustion of selling pressure. The Ripple price forecast leans bullish, but early profit-taking poses a risk. A retrace toward $1.61 remains plausible, but the technical structure now favors bulls. 🐂

Bitcoin’s Bold Move: $84,000 in Sight

Bitcoin surged nearly 8% to reclaim $82,240, posting its strongest daily close since late March. The sharp bounce from $74,000 reflects technical resilience, and the rebound was supported by elevated volume. The MACD line is curling toward the signal line, hinting at a potential bullish cross. 🎢

While the bias leans bullish, early gains face resistance. Profit-taking may trigger a pullback if BTC stalls near $83,500. The $77,600 level acts as critical psychological support, and a breakdown below that risks renewed bearish pressure. 🐻

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2025-04-09 23:54