The global cryptocurrency market experienced a sharp rebound following former U.S. President Donald Trump’s announcement on April 8, 2025, that he would reduce tariffs for all U.S. trade partners, with the exception of China. This decision led to a surge in investor confidence, boosting the crypto market capitalization by 5.5%, or $94.5 billion, pushing the total market cap above $2.7 trillion.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) all saw strong price movements in the aftermath of the announcement, with XRP and ETH outperforming BTC in percentage terms. Here’s a breakdown of the current price outlook for these three cryptocurrencies:
Bitcoin (BTC) Price Prediction
After initially dipping to $74,600, Bitcoin rebounded sharply, gaining nearly 8% to trade above $82,600. This surge is supported by a recovery in the Moving Average Convergence Divergence (MACD) indicator and strong institutional demand.
Forecast: BTC is likely to continue its upward momentum, with an immediate target of $84,000, which aligns with a prior breakdown zone and the midline of the Bollinger Bands. However, if BTC faces resistance near $83,500, a pullback could occur. Key support is seen at $77,600, with a breakdown below this level suggesting renewed bearish pressure.
Ethereum (ETH) Price Prediction
Ethereum also saw a strong bounce, surging 11.23% to $1,638. This rally came after ETH hit an oversold zone and pierced the lower band of the Keltner Channel, signaling a potential reversal.
Forecast: ETH’s short-term target is $1,800, which coincides with the midline of the Keltner Channel. If ETH stalls near $1,680, a retracement back to $1,500 is possible. If ETH successfully breaks above $1,800, it could continue to rise, but profit-taking may trigger some volatility.
XRP Price Prediction
XRP broke above $2.04, signaling a shift in sentiment after an extended corrective phase. This breakout came on strong volume, indicating real demand for the token.
Forecast: XRP is now targeting the $2.05 resistance level, with a clean break above this potentially leading to an extended move toward $2.50. The technical structure is bullish, but early profit-taking could cause a retracement to $1.61. If XRP manages to hold above $2.05, the next target is $2.50, with a potential for further gains in the medium term.
Market Outlook
The tariff rollback is viewed positively by the crypto community, as it reduces geopolitical risk and improves liquidity flows into digital assets. While the exclusion of China from the tariff cuts has raised concerns, the overall sentiment in the market remains bullish, with many analysts predicting further price gains for Bitcoin, Ethereum, and Ripple in the coming sessions.
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