$XRP lots of sad drama here. 🐷👍 Many people came in and cried seeing their wallets shrinking who knows where. Meanwhile, insiders and bookies toasted and laughed in the pub.🐒🐒

- Technical Outlook on Altcoins: Ethereum and XRP Decline as Selling Fears Intensify: Ethereum is currently trading below the support level that has turned into resistance at $1900, while maintaining its price above the daily low of $1847. The leading smart contract token is also trading below the 50-day exponential moving average at $2428, the 100-day EMA at $2767, and the 200-day EMA at $3027. The Relative Strength Index (RSI) at 33 is approaching oversold territory, a scenario that could amplify the prevailing bearish trend. If Ethereum's price drops below the daily low, the downtrend could extend to its February 6 low of $1748. However, the MACD indicator remains above its signal line, suggesting that buyers may somewhat turn the tide and push for a recovery beyond $1900, with a focus on higher levels above $2000. Daily Chart of ETH/USDT XRP has also been affected by headwinds in the overall cryptocurrency market, falling above $1.36. The upward potential of this digital asset used for financial transfers appears limited due to the SuperTrend indicator at $1.63, the 50-day EMA at $1.66, the 100-day EMA at $1.87, and the 200-day EMA at $2.09. Meanwhile, the RSI at 36 on the daily chart indicates increasing bearish momentum, which is likely to accelerate XRP’s decline to its October 10 low of $1.25. Daily Chart of XRP/USDT Despite the ongoing downtrend, the MACD remains above its signal line, reinforcing optimism for a potential rebound if investors increase their investments. A breakout above the resistance level at $1.40 could open the door for an extended surge beyond the 50-day EMA at $1.66.

- Accelerating Cryptocurrency Sell-Offs Amid Continued Tariff Pressures: In a historic ruling issued on Friday, the U.S. Supreme Court determined that President Trump exceeded his authority by imposing tariffs on global trade. The ruling confirmed that the International Emergency Economic Powers Act (IEEPA) does not grant the president the authority to impose such taxes without congressional approval, which holds the constitutional power to levy taxes and regulate commerce. However, President Trump criticized the ruling and quickly signed another executive order imposing a comprehensive global tariff of 10% under Section 122 of the Trade Act of 1974 of the U.S. Constitution. This law allows for a temporary tax of up to 150 days to address balance of payments issues. A separate directive issued on Saturday stated that the new global tariff will be raised to 15%, the maximum allowed under Section 122 of the Trade Act of 1974. The cryptocurrency market, which has been under pressure since the last quarter of 2025, has faced a new wave of headwinds, briefly pushing Bitcoin to a daily low of $64,291. Individual traders bear the brunt, with the average liquidation in the derivatives market reaching $486 million over the past 24 hours. If heavy selling continues amid the prevailing uncertainty in the global trade market, leveraged position holders could incur losses, further deteriorating market structure. Cryptocurrency Market Liquidations | Source: CoinGlass Ethereum is experiencing a steady decline in retail investor interest, with open futures trading volume dropping to $23.88 billion on Monday from $24.22 billion the previous day. After reaching a peak of $70.13 billion in open futures trading volume for ETF contracts in August, heavy selling has persisted since hitting an all-time high of $4,956. Ethereum requires consistent growth in retail demand to sustain its recovery, as the lack of derivative support makes the smart contract token vulnerable to selling pressure, especially if macroeconomic uncertainty and geopolitical tensions continue. Open Futures Trading Data for Ethereum. $BTC ‌ $ETH ‌ $XRP ‌