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The market is currently facing a double blow: the "nuclear bomb" of tariffs dropped by UBS and the red light flashing on the technical side of XRP. Don't panic about your holdings, and if you want to buy the dip, just wait a moment and let me finish speaking.
Let's talk about the bomb that is UBS. If the U.S. Supreme Court rules that the tariff policy is illegal, the government may have to refund $140 billion in import taxes. In the short term, this astronomical figure will directly impact the fiscal balance. Once trade partners retaliate, the global economy will also be shaken, and crypto assets, as high-risk varieties, will be the first to bear the brunt. But what about the long term? UBS's report also offers another possibility—if the reconstruction of tariffs takes several quarters and trade policy shifts to a more lenient stance, U.S. stocks and the crypto market may actually benefit. The inflation relief brought by the tax refund could even prompt the Federal Reserve to lower interest rates earlier. For XRP, which has both safe-haven and speculative attributes, there may be opportunities in the long run.
The problem is that short-term funds are too scared to move. The policy uncertainty is too strong, and XRP is currently stuck at this critical position of $2.31. The technical outlook is even less optimistic – it has fallen from $2.41 to $2.31 and is now struggling around $2.3133. The MACD double line has just formed a death cross above the zero axis, and this signal is not to be taken lightly.
Key levels to remember: the resistance above is at $2.3530 and $2.4190. Want to break through? With the current market sentiment, it's difficult.