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Reading: Trump Visits Fed: How Will It Impact AVAX, ADA, BNB, and XRP This Weekend?
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COINTURK NEWS > Technical Analysis > Trump Visits Fed: How Will It Impact AVAX, ADA, BNB, and XRP This Weekend?
Technical Analysis

Trump Visits Fed: How Will It Impact AVAX, ADA, BNB, and XRP This Weekend?

In Brief

  • Trump's Fed visit and statements impact cryptocurrency markets.

  • Tariff disagreements and potential Powell's removal negatively impact crypto outlook.

  • AVAX, ADA, BNB, and XRP face potential declines despite market developments.

Ömer Ergin
Ömer Ergin 9 months ago
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Soon, Trump will be at the Fed building, and his inspections and statements there are extremely important. This week, no tariff agreement was reached with the EU. Although the uncertainty clouds over the cryptocurrency markets caused declines in the past 24 hours, sales have temporarily halted. But what are the predictions for AVAX, ADA, BNB, and XRP over the weekend?

Contents
AVAX and ADA CoinBNB and XRP Coin Commentary

AVAX and ADA Coin

Initially, disagreements over tariffs are detrimental to cryptocurrencies. Powell’s possible removal or being forced to resign would also negatively impact cryptocurrencies. While news on these topics might bring short-term increases, they will have negative outcomes in the medium and long term. Next week, Powell will again not lower interest rates, and the US will impose tariffs on dozens of countries similar to those in April.

Therefore, no great surprises await us in the new week. News flow in cryptocurrency doesn’t always reflect on charts, but if it shows up this weekend, we might expect a dominant downward trend leading altcoins to retreat to their support levels. If there’s a delay, it won’t be long; it will likely trigger by Friday, and in any case, it seems likely that we might encounter a new wave of decline.

AVAX, which bounced back from the $27 threshold, faces many issues. Ranging from double-digit inflation to its ecosystem falling short in competing with Solana $86. This means we can’t blame it for not performing as well as SOL Coin. However, being among the US-based L1 solutions, it shouldn’t be underestimated. Currently, the price recovering at $22.8 might return to the $25.4 and $27 range in the coming hours. In a negative scenario, the price will fall back to support and, if it breaks, will again descend to the $20.5 base.

A sharp decline from $0.905 similar to other altcoins pushed ADA Coin to the $0.765 support, but it bounced back here. If sales continue, we might see tests at $0.73 and $0.71. In case of a recovery, we’ll be looking for closings above $0.807 and $0.843. ADA Coin remains one of the favorite altcoins experiencing substantial developments, yet the general market sentiment remains critical.

BNB and XRP Coin Commentary

Had CZ seen this week as the Binance CEO, it would have been much more entertaining. Last year, we mentioned that four-digit prices were a reasonable target for BNB Coin. This week, BNB Coin approached $810, keen to move towards a thousand dollars. As of writing, the price is lingering at the previous ATH level, and continued closings above $780 could open doors to an ATH rally.

BNB Coin experiences significant fluctuations in a wide range as an altcoin. Therefore, a price approaching $730 could be a buying opportunity, provided there are no major negative changes in market sentiment. For months, $686 has been the short-term selling point in a narrow range for investors, and losing this could see returns to the $625 to $580 range.

For XRP Coin, breaking a new all-time record, nobody expected such a chart during the 2021-2022 period. After reaching $3.6, the popular altcoin became a victim of profit-taking. To maintain further gains, $3.4 needs to be preserved. In a prolonged decline scenario, targets would be $2.93 and $2.65.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
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 24 July, 2025 - 10:01 pm 24 July, 2025 - 10:01 pm
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