Ripple, Solana, Cardano: What Impact Will Trump Tariffs Have on Their Tokens?

Key Insights:

XRP, Solana, and Cardano have faced around a 6% decline due to broader market pressures.
XRP is under heavy selling pressure, with critical support at $1.60, while Solana risks further reductions below $100.
Cardano shows bearish tendencies but may reverse if it holds its ground.

Current Market Overview

The leading tokens XRP, Solana (SOL), and Cardano (ADA) are witnessing a decline of about 6% within the last day as a response to significant macroeconomic pressures.

Growing uncertainty regarding U.S. economic policies, such as tariffs and a tightening stance from the Federal Reserve—which indicates fewer expected rate reductions in 2025—contributes to downward movements in these major cryptocurrencies.

Technical Analysis for XRP

XRP, linked closely to Ripple Labs, is trading below critical level support, with $1.60 being the next major threshold. According to trading data, high leverage positions suggest XRP might keep facing downward pressure.

A potential double bottom pattern is forming around $1.80, despite bearish market structure.
Indicators reflect deeply oversold conditions, with RSI at 22.41 and MACD suggesting strong selling momentum.
The 50% Fibonacci retracement at $1.91 serves as a critical point for possible trend reversals.

Solana Market Conditions

Solana has dropped over 8% weekly, currently trapped in a critical support range between $100 and $110.

Just recently, Solana saw a drastic plunge of 22% from $122.75 to $95.72, relieving slightly to establish new trading brackets between $103 and $112.
Significant holders of Solana have recently unstaked and dumped large volumes, exacerbating the downturn.

Cardano Price Fluctuations

Cardano has similarly decreased about 6% over the past day and is down over 23% in the past fortnight.

The daily RSI stands at 32, hinting that Cardano is nearing a potential oversold state.
Trading below key moving averages confirms its bearish trend but is currently within a falling wedge pattern, hinting at future bullish reversals after a drop to the 60-61 cent range.

Market Outlook

Monitoring XRP’s pivotal support at $1.62 is vital; a break can lead to targets beneath $1. Conversely, SOL must maintain above $100 to avert deeper losses, whereas ADA must defend its position to mitigate drops toward 55 cents.