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Market Update! US President Trump is making waves with his latest declarations. He's pressuring China to accelerate purchases of US goods, and China's Xi "more or less agreed" 🚀. Meanwhile, Trump's trade policies are causing market volatility, with tariffs on China and potential shifts in tech and manufacturing sectors 📊. Stay informed and navigate the markets wisely! #CryptoKE #Binance
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XRP Correction Nears Final Phase with Critical Support Levels
XRP has officially broken below its 0.5 retracement level on Coinbase, as highlighted by @CasiTrades on X, indicating a next target at an extended Wave 3 support near $1.84 on Coinbase and $1.88 on Binance. This level has now been reached, signaling a likely relief bounce ahead at resistance levels around $2.00 to $2.09 before another downward move to complete the correction at the macro 0.618 retracement near $1.65. As tweeted by CasiTrades on X, the XRP correction aligns closely with Bitcoin’s own macro retracement, which is approaching its 0.382 retracement level but has not fully tested it yet. This synchronization suggests that as XRP hits $1.65, Bitcoin (BTC) should finalize its correction near $80,000. This would mark a simultaneous completion of macro supports in both markets, setting the stage for a bullish breakout. Related reading: CBOE Files to List Canary Capital's Staked Injective ETF Market Dynamics and Anticipated Recovery The structure for XRP still calls for one last wave lower after a relief bounce, with the $1.65 zone identified as the most likely bottom on both Coinbase and Binance, according to analysis shared on X. Once these critical support levels hold, the market structure is expected to flip bullish rapidly. Bitcoin would then advance into Wave 5, targeting new highs, while XRP and altcoins would begin their Macro Wave 3 rally. This wave synchronization means they will move with varying strength but in harmony through subsequent bullish phases. Other technical perspectives also echo the vulnerability of XRP near its current levels, with the potential for a deep correction if key support between $2.30 and $2.20 fails to hold. However, the near-term picture signals that the downward correction is nearing its end, paving the way for renewed upward momentum. This critical juncture for XRP presents significant trading opportunities as the chart aligns with broader market cycles and Bitcoin’s macro movements—a rare convergence pointing to a possible major reversal soon. Related reading: Crypto Funds Flood $4.4B as Ether ETPs Smash Records
This Article First Appeared on: https://www.cryptonewslive.org/article/xrp-correction-nears-final-phase-with-critical-support-levels
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Fed News - The Federal Reserve is facing internal opposition to a potential rate cut in December, with some members resisting President Trump's push for lower interest rates. - NY Fed President John Williams mentioned that Trump's tariffs may have added 50-75 basis points to inflation, but sees room for further rate adjustments. - The Fed's consensus mechanism is reportedly on the brink of collapse due to disagreements over rate cuts.
Trump Insights - Trump is publicly urging Treasury Secretary Scott Bessent to take the Fed Chair role, but Bessent has declined, preferring to stay at the Treasury. - Trump has criticized Fed Chair Jerome Powell, saying he'd "love to fire his ass" over rate decisions. - The White House is narrowing down candidates for the Fed Chair position, with potential picks including Kevin Hassett, Christopher Waller, and Michelle Bowman. - Trump may announce the next Fed Chair before Christmas, according to Treasury Secretary Scott Bessent ¹ ² ³.
Post Idea "Fed News Alert! 🚨 Trump's push for rate cuts faces resistance within the Fed. Who will be the next Fed Chair? 🤔 #FedNews .
Market Alert — Trump Triggers Economic Buzz 🇺🇸 $XRP Donald Trump has declared that the U.S. economy is on the cusp of a rapid growth phase over the coming months. His announcement has the potential to ignite a ripple across global financial markets, and in particular, cryptocurrencies — which often move ahead of traditional assets — could feel the pulse first. Here are the key implications, followed by a few noteworthy additions: – Investors may be more willing to embrace risk. With growth on the horizon, market participants could shift toward higher‑risk, higher‑reward assets, encouraged by the upbeat tone. – Expectations for a looser monetary policy could gather traction. A stronger economy might embolden policymakers to ease monetary conditions, slowing the upward pressure on interest rates and potentially reducing borrowing costs. – Underlying economic fundamentals might strengthen swiftly. If growth gains momentum, employment could firm, corporate earnings improve and consumer spending pick up — creating a self‑reinforcing cycle. $TLM
Extra information worth noting: According to recent analysis, policy measures from the Trump administration (including tax cuts and spending initiatives) could lift growth modestly in the short run — but the effect may fade without sustained investment and productivity gains. At the same time, some economists caution that trade policy, regulation changes and labour‑force trends may dampen long‑term potential, even as the near‑term outlook brightens. For markets, this means that while the optimism is real, risk remains — not just from policy missteps, but from inflation, changing global trade dynamics and monetary policy that may not follow the upbeat script. In short: The Trump administration’s forecast of accelerated growth is generating market excitement — particularly in sectors that benefit from risk appetite and easier macro conditions. But investors should remain alert to the caveats and structural challenges behind the optimism.