In a significant market turnaround, major altcoins including XRP, Solana (SOL), and Dogecoin (DOGE) have posted double-digit gains following President Trump’s announcement of a 90-day pause on reciprocal tariffs. This development marks a notable shift in market sentiment, particularly building on the broader crypto market rally triggered by Trump’s tariff pause.
Market Impact and Price Analysis
The altcoin sector has demonstrated remarkable resilience, with XRP leading the charge among major cryptocurrencies. This surge comes at a crucial time, especially considering Standard Chartered’s bullish XRP price target of $12.50.
Solana’s Technical Breakthrough
Solana has shown particular strength in this rally, building on its recent technical achievements and breaking through key resistance levels above $100. The network’s improved stability and growing DeFi ecosystem have contributed to investor confidence.
Dogecoin Community Response
The DOGE community has responded positively to this development, especially following recent institutional interest demonstrated by 21Shares’ Dogecoin ETP launch.
Market Outlook and Trading Implications
The temporary relief from trade tensions has created a favorable environment for risk assets, with crypto markets showing particular strength. Analysts suggest this could mark the beginning of a sustained altcoin season.
FAQ Section
How long will Trump’s tariff pause last?
The pause on reciprocal tariffs is set for 90 days, providing a temporary relief window for markets.
Which altcoins have shown the strongest performance?
XRP, Solana, and Dogecoin have led the altcoin rally with double-digit percentage gains.
What are the key resistance levels to watch?
Traders should monitor key psychological levels: $2 for XRP, $120 for Solana, and $0.15 for Dogecoin.