🚀 Crypto Markets Explode as Trump’s Latest Moves Send Shockwaves Through Digital Assets

Political tremors meet digital goldrush—again.

Trump's policy pivot triggers 20% overnight BTC rally

When DC sneezes, crypto catches pneumonia. The 45th president's surprise endorsement of blockchain infrastructure sent algo traders into overdrive, with ETH derivatives volume hitting $18B in Asian hours. Never mind that the actual legislation won't drop for months—since when did fundamentals matter?

DeFi degens are front-running the news (again)

Yield farmers piled into governance tokens like there's no tomorrow—which, given last week's stablecoin depeg incident, might literally be true. Aave's TVL ballooned 40% as leverage junkies rotated out of memecoins. Because nothing says 'hedge against political risk' like 100x altcoin longs.

Wall Street's playing catch-up (badly)

Goldman's crypto desk reportedly missed the move while their compliance team debated 'enhanced KYC procedures.' Meanwhile, retail FOMO pushed Coinbase app downloads back to 2021 levels. Pro tip: When boomer banks start drafting frameworks, it's time to short their market cap.

Closing thought: In a world where tweets move markets faster than Fed chairs, maybe Satoshi was right about removing 'trusted third parties.' Too bad we replaced them with influencer shill streams and celebrity scam tokens.

$113,506 kicked off the new day trading above $113,000, bolstered by recent statements from former President Donald Trump, who promised greater market volatility. While investors harbored bearish sentiments at the onset of August, many are now wondering whether a swift market reversal is imminent. How do the predictions for XRP, BNB, SOL, and ETH stand in the current climate?

ContentsXRP and BNB price PredictionsSolana (SOL) and Ethereum (ETH)

XRP and BNB Price Predictions

Trump is expected to make a major decision regarding Russia by Thursday, which will likely be evident through his social media updates. As TRUMP prepares to meet with Putin to discuss ending the war, heightened tensions from Medvedev’s critical remarks have been a concern. The outcome of their meeting and subsequent social media updates from Trump may weigh heavily on market perceptions.

For XRP Coin, while fear could potentially drive an upswing, prevailing macroeconomic conditions may challenge the stability of cryptocurrencies. The market is poised for volatility in both directions, with support ranging from $2.74 to $2.9 as pivotal levels.

Should XRP Coin close below this support range, the gains from its recent rally might be revoked, driving prices down to $2.46. The Ripple effect of Trump’s declarations on BTC’s price, possibly pushing it back to $108,000, remains to be seen. Conversely, a rally could aim to reclaim support at $3.1 and target the $3.3 region.

BNB Coin suffered as anticipated declines disrupted its trajectory towards a new all-time high (ATH). The focus remains on defending the $735 level, as a drop below could trigger a search for bottoms between $675 and $625. For continued ascent and pursuit of ATH, market attention should shift towards sustaining $758.

Solana (SOL) and Ethereum (ETH)

Solana$162 (SOL) experienced subdued gains in the recent rally, easily reverting to its early July price range. In an optimistic scenario, reclaiming the $168 mark and setting sights on $185 are potential targets. While previous gains were relinquished readily, significant losses during downturns might be avoided.

A psychological support level stands at $150, with an additional target at $138.

In the ETHBTC pairing, a tendency to revert to 0.03BTC is noted, failing again to overcome 0.033. The emergence of ETH ETF withdrawals presents concerns; while inflows nearing half a billion dollars excite, the $465 million withdrawal on August 4 underscores caution. Preliminary data for August 5 suggests further net outflows, reinforcing wariness among investors.

A decline to $3,320 WOULD burden altcoin investors. A recovery requires at least a return to $3,640 as necessary.

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