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COINTURK NEWS > Technical Analysis > Crypto Assets Surge as Global Leaders Prepare for Crucial Talks
Technical Analysis

Crypto Assets Surge as Global Leaders Prepare for Crucial Talks

In Brief

  • Crypto investments see potential growth as talks loom between US and China leaders.

  • XRP Coin, AVAX, and SHIB demonstrate varied yet promising movement in upcoming scenarios.

  • Global economic interactions impact altcoin performances and future price trends.

Ömer Ergin
Ömer Ergin 1 month ago
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The weekend brings a fresh start for cryptocurrency investors, with Bitcoin $105,328 priced at $104,000. The rally in altcoins has paused temporarily due to Ethereum $2,405 taking a breather. However, there may be unexpected activity over the weekend. What could be the reason for this?

Contents
Potential Impact of Trump and Xi’s ConversationPerformance of AVAX and Shiba Coin

Potential Impact of Trump and Xi’s Conversation

Recently, Trump hinted at a possible phone conversation with China’s President Xi on Saturday. Although he expressed uncertainty by saying “probably,” it’s unlikely that Trump would make a statement like this without a significant possibility of it happening, especially during such a critical period.

There could indeed be a phone discussion on Saturday. In recent weeks, both China and the US have felt the negative impacts of tariffs on their economies and have witnessed potential adverse projections. Triple-digit tariff rates would be detrimental to their economies, with both nations being heavily interdependent. Consequently, such a conversation following reconciliation might serve as a means to further improve relations, potentially leading to softer diplomatic exchanges.

In this optimistic scenario, XRP Coin and other altcoins might experience further increases. During its downtrend, XRP Coin has demonstrated resilience, and it recently turned the $2.35 into support. However, it has struggled to maintain its position above $2.53. During a potential rise over the weekend, an upper wick reaching $2.75 is conceivable.

Performance of AVAX and Shiba Coin

AVAX has retained its prior rally base by holding the $22.3 level, yet subsequent profit-taking above $25 dampens the sentiment. Factors like substantial annual inflation and lagging behind competitors like Solana $145 in ecosystem development have made AVAX underperform expectations.

Nevertheless, being a cornerstone crypto asset, AVAX might move towards $28.95 in a bullish scenario. The $28.95 mark will be the launchpad for a major rally, with swifter entries likely to begin at this level. This may also be the upper bound for a weekend surge.

Should SHIB manage to turn $0.0000158 into support, it could test heights reaching up to $0.0000218. Currently, it, like others, is focusing on support around the $0.00001420 mark.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 16 May, 2025 - 9:32 pm 16 May, 2025 - 9:32 pm
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