Trump’s Tariff Pause Sparks Altcoin Frenzy: XRP, HYPE, ONDO in Spotlight

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Altcoins, those enigmatic digital phantoms, are stirring once more, their lifeless forms reanimated by the faintest whisper of Trump’s 90-day tariff pause. Among the chaos, three names—XRP, HYPE, and ONDO—are clawing their way into the spotlight, each with its own peculiar tale of survival and ambition.

XRP, the battered warrior, finds solace in the regulatory winds shifting with Paul Atkins’ ascension to the SEC throne. HYPE, the defiant rebel, scoffs at the broader market’s misery, flaunting its protocol revenue like a peacock in a storm. And ONDO, the cautious strategist, rides the wave of institutional interest in Real-World Assets, a beacon of hope in a sea of uncertainty.

XRP

XRP, once a titan, has been humbled, its value plummeting 34% in a month, sinking below $1.70 for the first time since November 2024. The weight of macro uncertainty and regulatory scrutiny crushed its spirit, leaving it gasping for air.

But lo! Trump’s tariff pause and the appointment of Paul Atkins, a crypto-friendly SEC Chair, have breathed a faint glimmer of hope into its weary soul.

Could this be the regulatory reprieve XRP needs to rise from the ashes? Perhaps. But let us not forget the fragility of hope in this merciless market.

If the stars align, XRP may claw its way back to resistance at $2.17 and $2.23. A breakthrough could even propel it toward $2.50. Standard Chartered, ever the optimist, predicts XRP could dethrone Ethereum by 2028. Ripple’s acquisition of Hidden Road adds fuel to the fire of institutional demand.

Yet, the $1.96 support level remains a lifeline. Should it snap, XRP could plunge back into the abyss of sub-$1.70 lows.

Hyperliquid (HYPE)

HYPE, the audacious upstart, has surged 21.5% in a week, thumbing its nose at the broader altcoin market’s misery. This rally comes despite the lingering stench of the JELLY crisis, which cast doubt on Hyperliquid’s stability.

But traders, ever the gamblers, are regaining their nerve, emboldened by Trump’s tariff pause and the faint promise of a brighter tomorrow.

Hyperliquid’s protocol revenue is nothing short of staggering—$38 million in fees over the past month, with $2.4 million in just the last 24 hours. It ranks 6th globally, outshining PancakeSwap and Tron.

If momentum holds, HYPE could challenge resistance at $14.77, with a breakout potentially propelling it to $17.33 or even $21. But should the rally falter, the $12.81 support level becomes crucial. A breach could send HYPE tumbling to $11 or even below $10.

Ondo Finance (ONDO)

In the shadowy realm of Real-World Asset (RWA) tokens, ONDO stands as a beacon of stability amidst the chaos of global economic uncertainty. Binance Research touts RWA altcoins as safer than Bitcoin during tariff-driven volatility.

Meanwhile, BlackRock’s BUIDL token nears $1.5 billion in assets, and Fidelity has entered the RWA tokenization race, signaling a growing institutional embrace of this nascent sector.

ONDO’s charts show signs of strength, with a golden cross nearly forming. If confirmed, ONDO could ascend toward resistance at $0.90 and $0.95, with a breakout potentially pushing it above $1.

But the $0.82 support level looms large. Should it crumble, ONDO could tumble to $0.73, with a deeper slide potentially taking it below $0.70.

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2025-04-10 19:25