Crypto Crash: Tariff Tensions Threaten XRP and Ethereum Survival

Cryptocurrency Market Faces Turbulence Amid Tariff Announcements

Source: FXStreet

Ripple's XRP has experienced significant volatility, with its price dropping to $1.64 on Monday before rebounding to $1.92 during the late Asian session on Tuesday. This 14.5% daily drop was attributed to macroeconomic factors, including US President Donald Trump's reciprocal tariffs. The Market Value to Realized Value (MVRV) ratio for XRP is currently 9.47% below the mean, signaling that the token is undervalued and presenting a potential buy signal for investors. However, declining network activity, with only 10,100 active addresses on Monday compared to 581,000 on March 19, could hinder recovery efforts.

"XRP could rejuvenate its bullish structure if support at $2 is reclaimed," FXStreet analysts noted, emphasizing the importance of a daily close above the 200-day Exponential Moving Average (EMA).

Key Takeaways:

XRP rebounded to $1.92 after a sharp drop to $1.64.
On-chain metrics suggest undervaluation, but declining network activity poses risks.

Bitcoin Stabilizes Near $80,000 Amid Market Adjustments

Source: Mint

Bitcoin's price has stabilized near $80,000 after a tumultuous period that saw it dip to $77,000. At the time of writing, Bitcoin was trading at $80,559.88, with a market capitalization of $1.59 trillion and a trading volume of $88.59 billion. Experts suggest that while Bitcoin is on a recovery path, selling pressure may persist due to global market adjustments and ongoing tariff policies. Altcoins like Ethereum, Solana, and Cardano have also shown modest recoveries, with gains ranging from 1.6% to 4.9%.

Alankar Saxena, Co-founder of Mudrex, highlighted that Bitcoin's long-term holder supply indicates strong conviction despite market volatility. However, the upcoming US Consumer Price Index (CPI) data could influence market sentiment significantly.

Key Takeaways:

Bitcoin is trading at $80,559.88, up 2.09% over the previous day.
Altcoins like Ethereum and Solana have shown modest recoveries.
Upcoming US CPI data could impact market trends.

Ethereum Faces Risks of Further Decline

Source: FXStreet

Ethereum (ETH) has faced a sharp decline, dropping over 27% in the past 48 hours to a two-year low of $1,410 before recovering to $1,500. Rising liquidations in decentralized finance (DeFi) protocols have exacerbated the situation, with $257.87 million liquidated in ETH's derivatives market. A whale's collateral of 53,074 ETH was liquidated, and another whale risks losing 220,000 ETH if the price falls below $1,119.

Technical indicators suggest bearish momentum, with the Moving Average Convergence Divergence (MACD) histogram below neutral levels and the Relative Strength Index (RSI) in the oversold region. Analysts warn that Ethereum could drop to $1,000 if it breaches the lower boundary of its descending channel.

Key Takeaways:

Ethereum's price dropped to $1,410 before recovering to $1,500.
DeFi liquidations have intensified selling pressure.
Further declines to $1,000 are possible if bearish trends persist.

Market-Wide Crypto Declines Amid Tariff Uncertainty

Source: Decrypt

Ethereum, Solana, and Cardano have plunged by over 15% as President Trump's tariff announcements triggered a global market sell-off. Ethereum dropped to $1,485, while Solana and Cardano fell to $96.70 and $0.5412, respectively. The broader crypto market has seen over $1.4 billion in liquidations, with fears of a global trade war weighing heavily on investor sentiment.

Vincent Liu, Chief Investment Officer at Kronos Research, noted that the sell-off "smells of profit-taking" as traders offload risk amid macroeconomic tensions. Analysts are closely monitoring Federal Reserve policies and inflation indicators for potential market stabilization.

Key Takeaways: