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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The post American-Based Coins Take a Big Hit! XRP Crash and Recovery! appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

The BTC/USD pair has gained 3.71% over the past 24 hours and is currently trading at $102,596. Bitcoin (BTC) has broken the $101,545 resistance level, moving into a higher zone. If the uptrend continues, the next resistance level is $105,766. Key support levels are located at $102,599 and $101,545.

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Ethereum (ETH): The ETH/USDT pair has risen by 4.06% in the last 24 hours and is currently trading at $3,189. For Ethereum (ETH), resistance levels are at $3,217 and $3,290, while support levels are at $3,091 and $2,994.

XRP (XRP): The XRP/USDT pair gained 10.40% in the past day and is trading at $3.0856. Resistance levels for XRP are at $3.1460 and $3.2832, with support zones at $2.8882 and $2.6541 if the downtrend intensifies.

Movement (MOVE): The MOVE/USDT pair increased by 8.13% in the last 24 hours and is currently trading at $0.7162. Resistance levels for MOVE are at $0.7477 and $0.8299, while support zones are $0.6767 and $0.6283.

Tezos (XTZ): The XTZ/USDT pair has climbed 6.10% in the last 24 hours and is trading at $1.094. Resistance levels for XTZ are at $1.129 and $1.189, with support zones at $1.081 and $1.013.

Trending Coins

Over the past 24 hours, the top trending coins in the crypto market include MANTRA (OM), Vine (VINE), and Toshi (TOSHI).

Top gainers:

• Venice Token (VVV)
• DeepBook (DEEP)
• Jupiter (JUP)

Top losers:

• Pudgy Penguins (PENGU)
• Vine (VINE)
• Onyxcoin (XCN)

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the notable liquidation zone on the upside is at $103,872 with $19.02 million. On the downside, a significant liquidation zone is at $101,772 with $23.92 million.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post The Latest on Bitcoin and Cryptocurrencies: 28 January appeared first on Coin Engineer.