The Donald Trump trade war has brought major turmoil to the financial market, but crypto market conditions indicate it is the perfect time to buy some crypto. The interest in digital assets is soaring as the stock market turmoil intensifies with the recent advancement in U.S. tariffs. Although not all are booming with gains, some showed great signs of recovery. Here’s what to buy right now.
Stock Market Loses $3.25M Today; Consider This Crypto to Buy
The recent Liberation Day resulted in the stock market crash. Santiments report claims the investors are in the worst trading days, where the market is down nearly 5%. Although the impact was also in the crypto market as Bitcoin’s price crashed to $82k, it settled soon.
Today, the cryptocurrency market witnessed a significant capital flow with the recovery of digital assets, and analysts anticipated further with the Fed’s rate cut decision. Interestingly, amid millions of cryptos, XRP is the best crypto to buy right now.
Although its regulatory issues remained maintained, its growing adoption, clarity on SEC vs Ripple, blockchain development, and other technical factors hint at a bullish recovery.
Recently, Coinbase filed for the XRP future, influencing the Ripple token’s early recovery in the market. In addition, the US Senate Banking Committee has nominated the crypto-friendly candidate Paul Atkins for the SEC Chair, influencing investors’ sentiments.
With that, it currently trades at $2.13 after a 1.5% surge today and a market capitalization of $124.05B. However, the market’s uncertainties persist, so even the best crypto picks may feel turbulence.
Can XRP Price Hit New ATH Amid Crypto Market Recovery?
XRP has been the choice of many top experts in crypto to buy for years. However, ever since its 2024 end rally, the anticipation has increased with the token, especially if Atkins becomes the SEC Chair.
Amid these odds, the altcoin is on an exciting juncture, as the charts show the formation of the ascending broadening wedge, which could result either in the XRP price rally to new ATH or a crash.
However, the crypto analyst Egrag crypto reveals there’s a certain set of rules from the Ripple token to attain the ATH, more importantly, the $17.50 milestone. If the crypto to buy token closed above $3.50, hits the $5 but not close above it, retest $1.9 and do another attempt to close above $5 before hitting $6, then the XRP can hit $17.50 in the next 2-3 weeks.
However, if this does not happen, there is a higher chance that the XRP price could crash to $0.65. This is because EGRAG’s prediction states a 70% probability of the decline and only 30% probability of the breakout.
Despite the risk, investors can consider this altcoin to buy while the stock market downtrend persists.
The post Stock Market Plunges But Crypto Soars: Best Crypto to Buy Right Now appeared first on CoinGape.
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