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ADA’s price has also reclaimed its 50-day and 200-day exponential moving averages, further validating the breakout and improving its technical outlook heading into May.
Political Uncertainty Boosts Crypto Appeal
XRP and ADA broke out just as U.S. political tensions rattled markets. Stocks fell after President Trump hinted at firing Fed Chair Jerome Powell for not cutting interest rates. Though he later backtracked, the threat shook investor confidence.
The episode raised doubts about the Fed’s independence, a key pillar of U.S. market stability. When trust in institutions erodes, investors often seek alternatives, including cryptocurrencies.
There is NOTHING Trump or his administration can say or do to reduce economic uncertainty.
So yesterday he said he’s not firing Powell. Whoop de do. As if this is a permanent state of affairs that one could base predictions on.
Same for:
-tariffs
-alliances
-everything— Angela Walch (@angela_walch) April 23, 2025
XRP and ADA are now benefiting from this shift. Their technical breakouts align with the rising demand for non-traditional assets. If political pressure on the Fed continues and U.S. growth weakens, both tokens could attract more capital in May.
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