- Trump calls Krypto “much stronger” than the US stock market-and the interest in ETH, XRP and Doge speaks for it.
- Ethereum, Ripple and Dogecoin show positive setups while profound changes in regulation and technical upgrades are on the move.
The crypto market has received new buoyancy through the support of US President Donald Trump. In one Interview Trump recently said that cryptocurrencies “much stronger ” be as the $ 52 trillion.
Trump’s comparison of cryptocurrencies with the US stock market came for the shares after a wild week. The S&P 500 lost over $ 5 trillion because investors reacted to the customs war. The cryptoma market, on the other hand, lost only $ 400 million in the same period. The dealers’ interest in Ethereum, Ripple and Dogecoin became stronger.
Ethereum pectra-upgrade is imminent and could trigger a rally
Ethereum (ETH) is one of the top altcoins in the current market mood. The upcoming Pectra upgrade on May 7th put the strong fundamental data of the old coin in the foreground. Loud Coinshares data Ethereum products listed in the amount of $ 149 million in the past week because investors shop.
The performance of ETH during the slump in April was also impressive. Bitcoin fell by 15%between the 2nd and 7th April, but Ethereum fell less. This is solid support, especially since ETH consolidates in the area of $ 1,800, which should last in the next few days. Ethereum is the first choice for traders looking for stability.
The PECTRA upgrade will increase the staking upper limit for validists from 32 ETH to 2,048 ETH, which is a big change for the consensus layer. In addition, the transition to the EVM object format (EOF) is initiated, a format that will improve the efficiency of smart contracts.
Analysts say that this Ethereum will make a data availability layer and Ethereum will scale much better. Blockchain-based applications such as NFTs and games will benefit from it.
At the time of the creation of this article, Ethereum is $ 1,804.59 with a 24-hour trading volume of $ 11.04 billion. ETH has fallen by 1.56% in the last 24 hours and 46% in the previous course.
Ripple benefits from the US-centered crypto focus
Riples XRP is the asset that benefits most from crypto-friendly US policy. In his explanation, Trump said that cryptocurrencies should be encouraged because “millions of people want them” and warned “if we don’t, China will do it”.
XRP is located at a technical turning point. Analysts say that the course is in a falling wedge, and if it breaks out over the upper trend line resistance, it would rise to $ 2.59. Even a movement to $ 12 is possible based on the Elliott wave structure.
$XRP really looking forward for this upward continuation! Soon the extensive move will form to make this one a double-digits crypto. Target is the same since before it broke out => around $12.#Elliottwave #XRP pic.twitter.com/z0LzNl5irL
— EWT (@EWcycles) May 4, 2025
A recently carried out survey has shown that 73 % of the owners of digital-covered in the USA believe that the country should be number 1 in cryptocurrencies. With Trump’s backing, this narrative has more weight and is good for XRP. It is in line with the position of XRP in global transfer transactions and legal clarity towards other assets.
As CNF reported, Ripple Labs checks the takeover of the StableCoin emittent Circle, which will affect the future of XRP in payment transactions. The last offer with a value between $ 4 and $ 5 billion was rejected by Circle as too low.
According to an XRP analyst, the takeover it will enable Ripple to control the stable coin rail and to keep XRP as a standard bridge currency in global payment transactions.
Dogecoin turnover increases with the outbreak hopes
Dogecoin (Doge) is another old coin that attracts the attention of crypto piercing. Reports indicate an increase in long positions to Binance, with 70 % of the Doge Futures dealers in long positions. This is a strong purchase signal.
Doge stayed at $ 0.18 on Friday and thus showed relative strength to the broader market. After the low of April 7th at $ 0.13, the course recovered after the hope for Doge-Spot ETFs revived.
Several fund managers, including 21shares, Bitwise and Grayscale, have made ETF applications, while NASDAQ submitted the 19B-4 form to the listing of 21Shares Dogecoin ETF shares.
According to Eric Balchunas from Bloomberg, there is now an 80 percent chance that the SEC Doge ETFs will approve. This has drawn attention to dealers and institutions, especially after the Dogecoin Foundation cooperates with 21 shares in the House of Doge initiative.
As reported by CNF, Doge recorded $ 1.22 million of long liquidations, i.e. short-term pressure. However, the RSI and the EMAs are still bullish, so the trend could last. The cryptocurrency kept during the sale in early April, so that she attracts the attention of spontaneous dealers and is one of the most important old coins that should be observed in this cycle.
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