The stock market has been variable, especially due to the sprinkler obtained from the latest tariff discussions. However, the crypto currency market, including the XRP, has shown durability while keeping traditional markets while keeping significant losses.
Although the XRP has seen a modest increase in value, it was often flat in the middle of the turbulence. This volatility stems from the uncertainty of how countries will react to retaliation tariffs, especially after China’s 34% tariff hike was announced to US goods.
Since the US aims to balance the playground with higher tariffs, it may cause a short -term pain, but in the long run, the fragile situation that may increase market justice in the long run. Although these movements can be discussed politically, it emphasizes the need for more balanced trade dynamics.
In the meantime, the crypto market looks stable and can return to digital assets such as Bitcoin and XRP with more investors with increasing tariffs in traditional assets such as gold.
This may continue to come to the forefront as an unjust investment class, while the crypto offers an interesting intersection where traditional markets face extreme volatility.
Source – Austin Hilton on Youtube
XRP Price Estimation
XRP $ existing market conditions are shaped by a mixture of technical and basic factors. Last week, the price of the XRP tested key support levels between $ 1.95 and $ 2.05.
From here, the price has the potential to progress towards $ 2.30, a region with many strong resistances, including 30 -day VWAP and 200 EMA. However, since uncertainty continues in wider financial markets, variable opening of equity markets may lead to risk.
The stock market is currently experiencing high volatility, the volatility index is approaching levels that are not seen in a year, which can potentially focus on the price of $ XRP. Despite these external pressures, the XRP showed flexibility and the transaction volume has recently increased by about 100 million dollars.
Technically, it seems likely to continue for $ 1.95, but if the market conditions deteriorate, a major increase in the Trade War or a deeper correction in the context of a sharp decrease in the S&P 500 is possible.
In addition, the latest increase in open interest rate for XRP-USDC shows that short positions have been taken and this may show a temporary price drop. However, the short-term appearance remains positive, some signs recommend a potential push of $ 2.25-2.30.
Solution
When we look forward, the uncertainty of Monday’s stock market performance will undoubtedly affect the crypto, but it is very important to watch how the digital asset market reacts.
Despite the wider market conditions, crypto assets such as $ XRP have continued to show flexibility and continue to see if this tendency will be valid or whether it will encounter the pressure of external financial disorders.
Especially for both the stock market and the crypto currency, it is important to stay awake in the coming days and monitor how the market develops.
