Crypto majors crumbled in early Monday session as financial markets reacted to President Trump’s decision to impose hefty tariffs on its key trade partners. While the risk-off mood pushed the digital assets to multi-month lows, savvy investors saw an opportunity to ‘buy the dip’. Subsequently, the likes of Ripple and Bitcoin have recorded impressive rebounds with the latter getting back above the psychologically crucial zone of $100,000.

Meanwhile, crypto projects in innovative subsectors are reaping big from the positive market sentiment and appetite for revolutionary projects. Dogizen, a new kid on the block in GameFi is set for explosive success asit leverages on Telegram’s wide reach and the expected pro-crypto environment. 

With less than a week left before it hits the open market, DOGIZ tokens are on high demand. Crypto enthusiasts acknowledge that its current price may be the lowest the project ever reaches on its path to explosive growth.   

Ripple price impressive rebound as investors buy the dip

Earlier on Monday, Ripple price extended its losses from the previous session; plunging below the ascending trendline connecting several of its lows since mid November 2024. It has dropped to a two-month low at $1.7610 before reversing some of those losses to trade at $2.6902 as at the time of writing.

Similar to most other cryptocurrencies, ripple price was reacting to President Trump’s decision to impose 25% tarriffs on imports from its key trading partners; Canada and Mexico. He has also signed an order imposing a 10% duty on goods from China as from 4th February.   

Following the rebound, the altcoin has gone back to trading above the medium-term 50-day EMA even as it remains below the short-term 20-day EMA. At its current level, it will likely find support along the 50-day EMA at $2.6255 as the bulls gather enough momentum to break the resistance along the 20-day EMA at $2.9000. Notably, this thesis will hold for a long as ripple price remains above the crucial zone of $2.5000. 

Dogizen enters the home stretch as a broad playing field awaits 

Dogizen is on its home stretch with the presale slated to end on Friday, 7th February. In a span of 4 months, the project has already raised $3.86 million.

With this trend, it will likely surpass its target as more savvy investors rush to amass some Dogiz tokens in time. With its apt timing and immense growth potential, its current price of $0.000085 may be the lowest it will ever get to. 

As a small-cap cryptocurrency, it has a wider room for growth and is set to secure its early adopters hefty profits upon hitting the open market. 

Besides, its listing comes at a time when cryptocurrencies are expected to benefit from President Trump’s policies. In fact, less than a week after his inauguration, he ordered for the establishment of a task force mandated to propose regulations on digital assets and consider the creation of the country’s crypto stockpile. 

In addition to the pro-crypto environment, Dogizen is also set to benefit from its positioning in the Telegram gaming sunsector. To start with, Telegram has over 950 million monthly active users. Couple this with the anticipated crypto bull run in 2025 and expected explosion of the GameFi sector and Dogizen is bound to reach new heights. 

What’s more, the project has insured itself against the wave of dumps that has impacted its rivals in the past. Unlike tokens like Catizen and Hamster Kombat, Dogizen embraced a well-organized presale as opposed to airdrops. This strategy has beared the desired fruits with its holders comprising of long-term loyal investors. Learn more abouut how to buy Dogizen here.

Ethereum price nears oversold territory as crypto majors crumble

Earlier on Monday’s session, Ethereum price plunged to a 6-month low as the markets reacted to Trump’s decision on tariffs. It has since rebounded to $2,732.53 as at the time of writing. 

A look at its daily chart shows the altcoin approaching the oversold territory at an RSI of 32. Besides, the indicator is facing downwards, pointing to the continuation of the current selling pressure.

At its current level, it is hovering around the previously steady support zone of $2,750. Further rebounding will have the bulls eyeing the next target at $2,926.18. On the flip side, further elling pressure may have Ethereum price retest the support level at $2,581.58.

According to Claudia Sheinbaum and Donald Trump, tariffs between the US and Mexico are paused for one month. This has already triggered a rebound for the crypto market, particularly XRP.

However, Canadian Prime Minister Justin Trudeau is retaliating harshly to US tariff efforts. His country is much more entangled with crypto markets than Mexico, presenting a real wild card.

US and Mexico Reach Agreement

Proposed tariffs between the US and Mexico have been wreaking havoc in the crypto market. US tech stocks were already reeling from DeepSeek, but new tariffs against Mexico, Canada, and China have caused billions in crypto liquidations.

XRP, which rallied over 300% since Trump’s election victory, dropped by over 25% over the weekend after the US president indirectly imposed a global trade war. Ripple’s altcoin slumped to $2.01 on Monday morning, its lowest in over a month.

Nonetheless, Mexican President Claudia Sheinbaum has reached an agreement with Donald Trump to postpone the process.

“We had a good conversation with President Trump with great respect for our relationship and sovereignty; we reached a series of agreements. Our teams will begin working today on two fronts: security and trade. Tariffs will be paused for one month from now,” Sheinbaum claimed via social media.

Sheinbaum claimed that her government would direct the National Guard to police the drug trade in the US. Trump concurred, announcing the deal.

Now that these new tariffs have apparently been halted, the markets have started to recover. In particular, the value of Ripple’s XRP token jumped up 6%.

Overall, XRP has regained the majority of its losses from earlier today. In fact, most of the ‘made in USA‘ cryptocurrencies, such as Cardano, Chainlink, and Hedera, have recovered significantly following the agreement.

Going forward, it seems that these assets will be highly driven by the political decisions and economic policies of the US.

Politics and Macroeconomic Factors Continue to Influence the Crypto Market

This development validates the predictions that tariffs would present a buying opportunity in crypto. Mexico and the US are significant trading partners, and Trump’s bluster has turned into a mutually beneficial trade deal.

The markets are sighing in relief, but there’s still a fly in the ointment: a lack of progress with Canada.

Unlike his counterpart in Mexico, Canadian Prime Minister Justin Trudeau has proved unyielding about US tariffs. He denounced these actions in a major speech, and Canada is preparing to retaliate with a trade war offensive of its own.

Tariffs against China are also apparently intact, but the country’s response is far more muted.

Canada, compared to Mexico, is substantially more entangled with the US crypto market. BlackRock launched a Bitcoin ETF in Canada, and 40% of the country’s institutional investors hold crypto.

The markets have been rebounding from one set of tariffs, but Canadian defiance may play an outsized role in this industry.

Ultimately, however, this situation is far too chaotic to predict accurately. Sheinbaum fervently denounced US tariffs against Mexico yesterday but shocked the markets with a successful deal this morning.

Trump and Trudeau may reach their own reconciliation agreement, which could have any number of impacts on the crypto market. Regardless, it’s evident that we’re in a new era of chaotic price moves.

XRP, once on the verge of reaching a new all-time high, has recently charted a two-month low. This shift comes amid widespread bearish market conditions, leading to massive liquidations among XRP holders. 

The sudden downturn caused significant losses, and traders are now facing a volatile market environment.

XRP Traders Face Massive Loss

XRP traders have faced their largest liquidations in six months as the altcoin price slipped below $2. In a single day, long liquidations surged to $64 million, highlighting the rapid exit of traders. This spike in liquidations reflects growing fear and uncertainty in the market.  

As a result, the large number of liquidations could hinder the future support XRP receives from the Futures market. Many bullish traders were forced to close positions, which could affect market sentiment moving forward. The price dynamics and heavy sell-offs have added further pressure on XRP’s recovery.

Realized profits from XRP holders surged to $1.5 billion as panic selling intensified. Investors moved to secure profits after the sharp price decline, fearing additional losses should XRP fail to recover. The large profit-taking event further exacerbated the downward pressure on XRP, reinforcing the uncertainty around its near-term price trajectory.

Increased profit-taking activity has slowed the recovery process for XRP, especially with some investors choosing to move to stable assets. However, this behavior also reflects cautious optimism, as traders may wait for signs of stabilization before re-entering the market. This dynamic will play a key role in XRP’s next move.

XRP Price Prediction: Consolidation Next?

XRP has been down 17% over the past 24 hours, trading at $2.38. The biggest damage occurred during the intra-day low when the price fell 38% to hit $1.77. This sharp drop indicates significant market volatility, with investors unsure about the coin’s near-term future.  

At present, XRP is hovering above the critical support of $2.18 while facing resistance at $2.73. This range has historically been a consolidation zone for the altcoin, suggesting that XRP could remain trapped within this price band for some time. A breakout from either of these levels will be crucial.

If XRP can reclaim $2.73 as support, it would have a chance to rise toward $2.95. Successfully breaching this resistance would invalidate the current bearish outlook, paving the way for potential recovery.