The post Trump Trigger Sparks Crypto Market Rally: Bitcoin Hits $71K, XRP & ETH Spikes appeared first on Coinpedia Fintech News
A sudden crypto market rally has sent shockwaves across digital assets, with prices surging within hours after Donald J. Trump signaled a potential easing of geopolitical tensions. Bitcoin price surged more than 4% to reclaim $71,000, marking a sharp breakout from recent consolidation. Ethereum price followed with a similar move to $2,150, while XRP price climbed to $1.41, confirming a broad-based surge across the market.
What Triggered the Sudden Move?
The sudden rally comes after Trump hinted at de-escalation in U.S.–Iran tensions, easing fears of immediate conflict. Crypto markets reacted instantly. As geopolitical risk declined, capital rotated rapidly into risk assets, with crypto leading the move due to its high sensitivity to sentiment shifts. At the same time, the speed of the move suggests a short squeeze and breakout from compressed structures, where traders positioned for downside were forced to exit, accelerating the upside move.
This combination, macro trigger and technical compression, is often seen at the start of impulsive moves.
Bitcoin Price Analysis: Key Levels To Watch
Bitcoin price is now trading around $71,000 after breaking out of a short-term descending structure visible on lower timeframes. The sudden spike suggests aggressive buying and short liquidations, pushing price back above a key psychological level.
Holding above $70,000 is critical, as it confirms this move as a valid breakout rather than a fake spike. On the upside, Bitcoin now faces resistance at $73,500–$75,000, which aligns with previous supply zones. A clean break above this region could accelerate momentum toward a broader rally phase. On the downside, $68,000–$69,000 remains the key support zone. A drop below this range would indicate the breakout is weakening and could lead to consolidation.
Ethereum Price Analysis: Is a Rally Toward $2500 Next?
Ethereum price is trading near $2,150, following a sharp bounce from recent lows and breaking above a descending trendline structure. The sudden spike here reflects renewed demand and participation, especially as Ethereum often follows Bitcoin’s momentum with slightly higher beta.
Immediate resistance lies at $2,250–$2,300, a zone where price previously struggled. A breakout above this could open the path toward $2,500, marking a stronger trend reversal. Support is now seen at $2,050, which must hold to maintain bullish momentum. A breakdown below $1,950 would weaken the structure and signal a potential pullback.
XRP Price Analysis: Early Signs of Trend Shift
XRP price is trading around $1.41, bouncing sharply from the lower boundary of a descending channel. The sudden spike suggests early accumulation and short-term breakout pressure, but XRP is still trading within a broader range compared to Bitcoin and Ethereum.
Immediate resistance is located at $1.50–$1.55, where selling pressure has previously emerged. A breakout above $1.60 would confirm a stronger trend shift and likely attract momentum buyers.
On the downside, $1.30–$1.32 remains a critical support zone. Holding this level keeps the structure intact, while a breakdown could invalidate the current bullish momentum.
Crypto Market Outlook: Momentum Shift or Short-Term Reaction?
This crypto market rally shows clear signs of a momentum shift driven by macro catalysts and technical breakouts. If Bitcoin sustains above $70K and resistance levels begin to break, this move could evolve into a broader rally. However, failure to hold key supports may turn this into a short-term spike followed by consolidation. For now, the market has transitioned sharply into risk-on mode, with momentum building rapidly.