Yigit Taha OZTURK 
The cryptocurrency market has experienced sharp fluctuations in recent days, and American-based cryptocurrencies have also been affected. XRP surprised investors by plunging from $2.70 to $1.70! However, as the market attempted to recover, XRP quickly climbed back to $2.35.
What caused this sharp decline? U.S. President Donald Trump’s additional tariffs on Mexico and Canada created significant market uncertainty. The impact of trade wars on the crypto market led investors to panic sell, and XRP’s price movement was a clear reflection of this development.
XRP’s Technical Levels: Critical Points!
The recent crash and recovery have made key levels in the XRP chart more evident:
- Support Level: $2.25
- Resistance Level: $2.72
According to the chart analysis, it is crucial for XRP to hold the $2.25 level. If it drops below this level, a further decline to $1.70 may occur. However, if XRP surpasses the $2.72 resistance level, a strong recovery could begin!
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Other Coins in the “Made in USA” Category Also Took a Big Hit!
Not just XRP—other major projects in CoinMarketCap’s “Made in USA” category also suffered heavy losses!
- Solana (SOL): Lost 6.90% in the last 24 hours, dropping to $198.37.
- Dogecoin (DOGE): Fell 13.89%, down to $0.2568.
- Cardano (ADA): Declined 18.09%, reaching $0.7191.
- Avalanche (AVAX): Plummeted 17.01%, settling at $25.72.
Most of these cryptocurrencies experienced major losses between 15% and 23% over the past week. This indicates that American-based projects have been subjected to panic selling by investors, reflecting growing concerns in the overall market.
Can XRP Return to Its Previous Levels?
The recent developments have divided cryptocurrency investors. Bears aim to push prices lower under the pressure of trade wars, while bulls believe that maintaining technical support levels could initiate another upward movement. XRP’s ability to hold $2.35 will be the most critical factor in determining its direction in the coming days!
XRP and American-based cryptocurrencies have experienced a severe shake-up, but the recovery process has begun rapidly. Future price movements will shape investors’ strategies! Stay tuned for updates!
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