Trump He recently welcomed Putin in the shadow of B2 bombardment planes and the meeting began. This would be bad if we enter the weekend volume with harsh statements similar to Trump’s Iranian incident. Therefore, the ongoing Alaska summit for crypto currency investors is of great importance. In fact, many analysts foresee a short -term decrease due to fear. For example, Martinez XRP Coin Price Estimation.
XRP Coin
Effective customs duties rate increased to 16 %and is expected to increase further. After the last PPI data pointing to the early reflections of tariffs on inflation, sales in crypto currencies accelerated. Crypto currency Investors became a victim of the surprise figures. Therefore, analysts began to share decline forecasts.
Martinez is one of them and while the consolidation continues in the triangle, Ali Martinez is waiting for the base test. Then, if $ 3.26 can be overcome, the analyst thinks that $ 3.9 can be tested. Of course, these estimates have no obligation to realize, and Martinez is particularly an analyst who has more sympathy for XRP Coin. However, the technical installation says it is possible in theory.
Crypto Money Forecasts
As of the beginning of August, China has 41.4 %tariff rate and double -digit tariffs are applied to many countries. It is clear that this will have an impact on goods prices. Trump He believes that tariffs will work to close the budget deficit. Trump, who argues that inflation does not increase, does not care about the latest data, but markets care. Tariff rates, the disappearance of uncertainty in negotiations such as negotiation is good for crypto currencies, but we can say that if we start to see the effect of tariffs on inflation in the medium term violently, we can say that the difficult times are waiting for crypto currencies.
General risk appetite weaknesses in the medium term tariffs are fed by concerns of secondary sanction to Russia in the short term. Although technical analysis does not mean much in such abnormal environments, Poppe wrote the following;
“BTC He was rejected at a significant level. I think we’ll test lower levels and continue to move in a range before breaking. Is the correction over? Altcoins will perform well. “
The main reason for the failure in resistance is that the news flow and Poppe are also waiting for lower bottoms under these conditions. While the ETH price has decreased below $ 4,400, if rapid losses begin in the ETHBTC parity, the damage of the subcoins can leave BTC behind.
Ethereum 
$4,644.03 Speaking, Daancrypto gives more details at this point.
“EthIt created a large cluster of liquidity around $ 4,400. This was by far the largest level and accompanied by some large liquidity in the last 48 hours. In general, these are a reasonable splashing area, but we are approaching the weekend, so this can be a bit wavy.
Below is still a quite large cluster at the level of $ 4150, and this is the lowest level I want to see in the short term to maintain the rise market structure and break the loop peaks. It wouldn’t be good for me to have daily closing below this level.
However, so far this is just another fast correction and cleaning the high leverage. These are the things necessary during such big and sharp rally. ”
It is expected that short -term large Altcoin sales will start when there are support of $ 4,150 as support and closing below.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
