3 Altcoins Gaining Momentum After Trump’s Tax Announcement

3 Altcoins Gaining Momentum After Trump’s Tax Announcement

The altcoin market is showing early signs of a potential rebound, fueled by renewed optimism following President Trump’s announcement to pause new tariffs for 90 days. As investor sentiment improves, three standout tokens—XRP, HYPE, and ONDO—are emerging as the top beneficiaries, drawing strong inflows and renewed attention from market participants.

XRP: Regulatory Tailwinds and Institutional Momentum

XRP has faced sharp headwinds over the past month, plunging 34% to drop below $1.70 for the first time since November 2024. The downturn came amid heightened macroeconomic uncertainty and lingering regulatory pressure. However, the tide may be turning.

With Trump’s tariff delay easing investor anxiety and Paul Atkins—known for his crypto-friendly stance—appointed as the new SEC Chairman, optimism is building around a potential regulatory reset. This development could offer XRP a crucial “legal breathing space” to recover and reestablish its position as one of the top-performing altcoins.

If momentum builds, XRP could retest resistance levels at $2.17 and $2.23. A breakout above those levels may pave the way toward $2.50. Notably, Standard Chartered previously predicted that XRP could surpass Ethereum by 2028. Ripple’s recent acquisition of Hidden Road also reinforces the token’s institutional appeal.

Still, investors should watch the $1.96 support level closely. A breakdown could trigger a retest of sub-$1.70 lows.

HYPE: Defying the Market with Robust Protocol Revenue

While most altcoins struggle, Hyperliquid (HYPE) has surged 23% in the past week, defying broader market weakness. The rebound comes despite past controversies like the JELLY incident, which had raised questions about the platform’s stability.

Investor confidence appears to be returning, especially with macro conditions improving after Trump’s policy shift. HYPE’s core strength lies in its protocol revenue. Over the past month, it generated $38 million in transaction fees—$2.4 million in just the last 24 hours—ranking sixth globally and surpassing platforms like PancakeSwap and Tron.

If bullish momentum continues, HYPE could test resistance at $14.77, with upside targets at $17.33 and potentially $21. However, if momentum stalls, the $12.81 support level becomes key. A break below could send prices back to $11 or even under $10 if broader altcoin weakness persists.

ONDO: Riding the Institutional Wave in RWA

ONDO is gaining traction as interest in real-world asset (RWA) tokenization heats up, especially among institutional players seeking safer exposure in a volatile crypto market. According to a recent Binance Research report, RWA tokens are now viewed as more resilient than even Bitcoin amid tariff-driven uncertainty.

Institutional momentum is also evident: BlackRock’s BUIDL token is nearing $1.5 billion in assets, and Fidelity has officially joined the race to tokenize real-world assets. This growing commitment adds credibility and long-term potential to the RWA space.

ONDO is showing bullish signals on the charts, with a golden cross pattern close to confirmation. If confirmed, price targets include resistance zones at $0.90 and $0.95, with a possible breakout above $1.

However, ONDO is currently hovering just above key support at $0.82. A break below could send it to $0.73, and if bearish pressure intensifies, the token may test sub-$0.70 levels.

Conclusion: Bullish Signals Emerge, but Caution Still Warranted

Trump’s decision to delay new tariffs has sparked a wave of optimism across the crypto space, breathing new life into select altcoins. XRP is riding regulatory tailwinds, HYPE is outperforming with real protocol revenue, and ONDO is capitalizing on growing institutional interest in real-world assets. These tokens stand out as potential leaders in a shifting market.

However, while the momentum is encouraging, investors should remain cautious. Macro uncertainty, regulatory shifts, and technical resistance levels could still disrupt short-term rallies. Strategic positioning and risk management remain essential as the market tests its recovery.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please conduct your own research before making any financial decisions. We are not responsible for your investment outcomes.