XRP, ADA, and DOGE Tokens Fall Below Critical Support Levels Amid 'Economic Nuclear War'
Macroeconomic uncertainty, including a global tariff war, is weighing on markets, with Bitcoin trading below $79,000 and major tokens down 14%.
Posted by Shaurya Malwa, AI Boost | Edited by : Parikshit Mishra Updated: Apr 7 2025, 1:59 pm Published: Apr 7 2025, 5:49 am
What you need to consider:
- Leading cryptocurrencies such as XRP, Cardano (ADA) and Dogecoin (DOGE) have fallen below important support levels amid market volatility.
- Macroeconomic uncertainty caused by the global tariff war is taking its toll on markets, with Bitcoin falling below $79,000 and major tokens down 14%.
- Technical indicators point to a bearish outlook for XRP, ADA and DOGE, with further declines likely if current support levels are not regained.
Major crypto markets have recovered from recent volatility, with XRP, Cardano (ADA) and Dogecoin (DOGE) all falling below key technical support levels on Monday morning.
Macroeconomic uncertainty caused by the global tariff war, which hedge fund manager Bill Ackman has called an “economic nuclear war,” is shaking markets from cryptocurrencies to global stocks, with Bitcoin falling below $79,000 and major tokens down 14%.
XRP Price Analysis
XRP, which is backed by the XRP Ledger, fell to $1.90, down 14%. On the daily chart, XRP broke its critical support at $2.00, a level previously considered a psychological and technical base. The break completes a bearish head and shoulders pattern, signaling further declines are possible.
Technical indicators support the bearish outlook. The 21-day exponential moving average (EMA) is at $2.20, acting as resistance as XRP has failed to recover in recent weeks. The relative strength index (RSI) has slipped into negative territory, hovering around 30, indicating that selling pressure is outweighing buying interest.
ADA Price Analysis
Cardano (ADA) token is trading at 55 cents, down 12% in the last 24 hours, below its 50-day high.
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