Daily Crypto Signals: Bitcoin Slides Below $82,000 Amid Tariff Fears, XRP Consolidates Near $2.19
Bitcoin has fallen below $82,000 as investor anxiety emerges ahead of President Trump’s “Liberation Day” tariffs, while XRP consolidates around $2.10 following a 40% drop from recent highs, potentially forming a bull flag pattern that some analysts believe could lead to a 450% price rally.
Crypto Market Developments
Mostly driven by concerns in conventional markets on US President Donald Trump’s approaching “Liberation Day” tariffs, the bitcoin market had a gloomy day. This ambiguity has produced a risk-off attitude that affects cryptocurrencies as well as stocks. Positively for user experience, Binance has added a new function allowing direct CEX to DEX trade, therefore streamlining the access to distributed finance procedure.
Before giving crypto tax reforms first priority, US industry experts are also stressing the need of regulatory clarity on stablecoins and banking connections, therefore identifying important areas needing attention from legislators. A lighthearted event in the crypto scene saw Ethereum co-founder Vitalik Buterin engaging with a robot go viral, igniting the typical community speculation and debate.
Bitcoin Slips Under $82,000 as Trade Wars Weigh
Currently trading around $81,700, Bitcoin’s BTC/USD price has dropped below $82,000, marking a seventh straight day of lower lows. Driven by investor worries over President Trump’s recent tariffs on imported automobiles and possible future levies, this fall is reflecting the sell-off in US stock futures. Further fueling market uncertainty is the expectation around April 2nd, which Trump has labeled “Liberation Day” for announcing reciprocal tariffs.
With Bitcoin inflows to accumulate still positive, institutional investors show interest despite the gloomy short-term view. Anticipating a likely reversal next week, analyst Stockmoney Lizards speculates on a local bottom for Bitcoin between $80,000 and $82,000 Veteran trader Peter Brandt has pointed out a bearish wedge breakdown with a target aim as low as $65,635, nevertheless. About $80,000 is the important support level for Bitcoin; a breach below this might cause more drops; a rebound could open the path for a rally towards $95,000-$100,000.
XRP Drops 40% From 2025 High
Having dropped almost 40% from its previous multi-year high of $3.40 hit two months ago, XRP XRP/USD is now trading around $2.19. Despite encouraging news like the SEC declining its case against Ripple, this price behavior fits the larger market sell-off. Still well above its November 2024 low, XRP indicates a consolidation phase between $1.77 (support) and $3.21 (resistance). Emphasizing that only a clean breakout over $3.21 would establish a bullish trend reversal, analyst CrediBULL Crypto expects a possible revisit to the $1.77 support level for a long entry possibility.
By contrast, analyst Stellar Babe notes a possible bull flag pattern and advises a long-term target of roughly $12 should the price cross the $3.21 resistance. Based on Investing Scoope’s study, a five-year ascending channel has a long-term positive structure that suggests a possible rally towards $6.50 should the present pattern reflect the 2020-2021 surge.
Top Altcoins to Watch Today
Several altcoins are showing bullish setups despite the overall market weakness:
- Toncoin (TON) – Currently trading at $3.89, TON bounced off moving averages on March 30, indicating positive sentiment. The upsloping 20-day EMA and RSI in positive territory suggest an advantage to buyers, with potential targets at $5 and eventually $5.65 if it breaks above the $4.14 resistance.
- Cronos (CRO) – Trading near $0.11, CRO broke out above key moving averages on March 24, signaling a possible end to its downtrend. The coin faces resistance at $0.12 but has maintained support above $0.10, suggesting bulls are attempting to form a higher low with potential upside to $0.14.
- Mantle (MNT) – Currently at $0.7889, MNT is holding above the 20-day EMA despite failing to break above the 50-day SMA. If price rebounds strongly from current levels, it could signal a sentiment shift from selling rallies to buying dips, with upside targets at $0.94 and potentially $1.06.
- Render (RNDR) – Trading at $3.45, RNDR broke above its 50-day SMA on March 25 after weeks of downtrend, indicating demand at lower levels. Bulls are defending the 20-day EMA, with potential upside targets at $5 and later $6.20 if the support holds.
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