Key Points
Bitcoin’s bullish rally targeted USDT 300K after retesting a major breakout.
XRP hovered around USDT 2 support, facing a crucial decision point.
A viral tweet falsely claimed Trump signed an order eliminating crypto taxes.
A wild week in crypto saw Bitcoin aiming for new highs, XRP battling key support, and a fake Trump executive order sparking online frenzy. Traders braced for major price shifts while social media buzzed with misleading claims.
Bitcoin’s Bullish Surge Toward USDT 300K
Bitcoin gained momentum after bouncing off the neckline of a four-year-old inverse head-and-shoulders pattern. Crypto analyst Gert van Lagen noted that this confirmed a long-term bullish trend, with BTC eyeing a parabolic rise toward USDT 300K.
Source:X
The chart showed Bitcoin breaking through key resistance levels, following a curved trajectory. A sell-off zone was marked at the projected peak, signaling where profit-taking could occur. However, as long as BTC stayed above USDT 74.4K, the bullish setup remained valid, setting the stage for a historic price run.
XRP’s Make-or-Break Moment at USDT 2
XRP hovered near the USDT 2 support, a critical level for its price structure. Analyst Ali identified a head-and-shoulders pattern forming since January, with a potential breakdown targeting USDT 1.15.
Source:X
The market watched closely as XRP tested this key zone. If it held, a reversal could follow. If not, a deeper drop seemed likely. Traders remained on edge as XRP’s next move could determine its trajectory for the rest of Q2 2025.
Trump Crypto Tax Hoax Takes Over Social Media
A viral tweet falsely claimed that U.S. President Donald Trump signed an executive order eliminating all crypto taxes. The post, shared on April 1st, was quickly debunked as an April Fools’ prank.
Source:X
The video used in the tweet was an old clip taken out of context. Despite its obvious inaccuracy, the claim gained traction, highlighting how easily misinformation spreads in the crypto world.
Meta Description: Bitcoin targeted USDT 300K, XRP struggled at USDT 2, and a Trump crypto tax hoax misled buyers. A wild week in crypto saw major price moves ahead.
