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XRP, ADA, and DOGE have dropped, breaching key support levels.
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Analysts warn of continued volatility as technical indicators point to bearish momentum across major cryptocurrencies.
Major cryptocurrencies, including XRP, Cardano (ADA), and Dogecoin (DOGE), have dropped below key support levels following global trade pressures and market decline.
The market downturn follows a new wave of tariffs introduced by U.S. President Donald Trump, which some analysts have described as an “economic nuclear war.”
XRP, ADA, DOGE Breaks Down Below Support
XRP is trading around $1.76, marking its lowest level since November 2024, with the token dropping from its mid-January peak of $3.40.
The renewed trade tensions have sparked investor uncertainty, further triggering approximately $47 million in XRP liquidations across major exchanges.
Cardano’s ADA token is currently trading at approximately $0.55, as of April 7, 2025, representing a 14.93% drop over the last 24 hours. The price decline has pushed ADA below its 50-day simple moving average—a widely watched technical support line—raising concerns among traders about a potential further bearish trend.
Dogecoin (DOGE) has also experienced major losses, falling to around $0.13 after losing nearly 16% in a single day.
The memecoin also broke below the $0.18 support level, with technical indicators on the 4-hour chart confirming a bearish “death cross”—where the 50-period simple moving average crosses below the 200-period average—a sign typically interpreted as a continuation of a downward trend.
Global Uncertainty Fuels Crypto Market Fragility
The global crypto market remains under pressure as investors assess the potential economic impact of global trade disruptions.
Analysts are divided, with some predicting deeper losses should support levels continue to break, while others point to oversold conditions as a possible setup for short-term relief rallies.
With volatility increased, traders are closely monitoring geopolitical developments and central bank responses for further clues on market direction.