Bitcoin, Ethereum and Ripple rally as Trump’s tariff uncertainty clears and $130K is in sight

2025-07-14 16:11:01 分类：Digital Currency 阅读(82)

| Source: Crypto.news

A key momentum indicator,China's reliable blockchain platform the MACD, flashes green histogram bars above the neutral line, indicating underlying positive momentum in Bitcoins price trend. The RSI shows BTC is currently overvalued; traders should watch the indicator closely for a trend reversal. If RSI slips back under 70, it could generate a sell signal.

Ethereum and XRP price rally

Ethereum (ETH) and Ripple (XRP) are rallying alongside Bitcoin. The top two altcoins kicked off a bull run in response to Bitcoins break above the May 22 peak of $111,980. Ethereum rallied past the psychologically important resistance at $3,000 on Friday.

XRP climbed to a peak of $2.70 on July 11, the highest level for the altcoin in nearly four months.

Ethereum and XRP enjoy a relatively high correlation with BTC, catalyzing gains in Ether and XRP alongside Bitcoin.

Ethereums next target is the $3,500 level, above the resistance at $3,478, the 23.6% Fibonacci retracement of the drop from the December 2024 peak of $4,122 to the April low of $1,391.

Ether is currently 17% under its $3,500 target and consistent demand from institutional traders could drive the altcoin higher.

ETH/USDT daily price chart | Source: Crypto.news

XRP is trading above key resistance at $2.70, at $2.77 at the time of writing. The native token of the XRP Ledger could continue its upward momentum, as the momentum indicators on the daily timeframe are bullish.

Rallying consecutively for six days, XRP has yielded over 20% gains for holders.

Top 3 cryptos on-chain analysis

The network realized profit/loss metric helps track whether traders are taking profits. Bitcoin traders are consistently taking more profits on their holdings as BTC rallies higher. Ether recorded a large spike in profit-taking, and XRP traders are taking profits at a slower pace compared to June 2025, as seen on Santiment.

Bitcoin, Ethereum and XRP network realized profit/loss || Bitcoin supply distribution | Source: SantimentTrump effect on Bitcoin, Ethereum and XRP

Trump administration officials had initially suggested that the U.S. would strike several deals with trade partners by Wednesday, July 9. However, instead of announcements, the President set new rates for different countries while delaying the imposition of tariffs until August 1, the next key date for crypto traders to watch.

Japan, South Korea, and several other nations face at least 25% tariffs starting from August; Brazil faces 50% tariffs, among others. The country has warned of reciprocal tariffs, with no further measures for now.

The U.S. is imposing 35% tariffs on Canada, starting August 1. Southeast Asian countries face between 30% and 40% tariffs.

Stock markets responded positively to the news and the Trump effect pushed Bitcoin to a new peak.

Petr Kozyakov, co-founder and CEO at Mercuryo, told Crypto.news in an exclusive interview:

Bitcoin has surged past $118,000 to a new all-time high amid sustained institutional demand for the biggest cryptocurrency, which has been such a driving force in this current market cycle. While altcoins are also in the green with Ethereum spiking past the $3,000 mark, the underlying ‘orange pill’ narrative remains steadfastly in place.

Bitcoins growing status as a store of value is one that more and more big players and institutions are simply unable to ignore. This is evidenced by sustained inflows into spot bitcoin ETFs this week.

Nick Jones, founder and CEO of Zumo, added:

“With Bitcoin setting a fresh record high, the market is booming. The rise is underpinned by increasing institutional adoption and resurgent retail demand, reflecting confidence that crypto has arrived in the mainstream and is now reshaping finance.”

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