Trump Might Be Ready To SHOCK The Market - XRP, Bitcoin, Ethereum & More

Market Overview - The crypto market has turned green across weekly, daily, monthly, and yearly timeframes, indicating a broad recovery [1] - Despite the recovery, significant sell pressure and negative price action persist, suggesting the market is not yet entirely out of the woods [2] - The total crypto market cap is hovering around $378 trillion, with the altcoin season index at 48 out of 100, indicating neutral territory [5] Cryptocurrency Performance - Bitcoin is approaching $110,000, up approximately 18%, while Ethereum is down about 1% at around $4,300, and XRP is around $277 [3] - Ethereum needs to create higher highs, with a key level to watch being $4,884; closing above this could signal a broader altcoin market rally [16][26] - XRP's price action is expected to be relatively uneventful until the market opens, with potential targets including the December 2024 highs and the May highs around $260 [4][27] Market Sentiment and Future Outlook - The Fear and Greed Index remains at 39, indicating fearful levels, reflecting uncertainty about the market's next move [7] - The analyst remains bullish on crypto for September, anticipating a potentially strong month, especially with the Fed FOMC meeting and the possibility of a rate cut [10][11] - The US M2 money supply has reached a new all-time high of $2212 trillion, suggesting increased liquidity that could drive the market higher [33] External Factors and Potential Catalysts - A Tuesday announcement from President Trump could introduce volatility into the market, though such announcements often prove to be non-events [30][31] - Money market funds in the US hold $721 trillion, with approximately $3 trillion held by retail investors, representing significant sidelined capital [35] - Gold has reached a new all-time high, and stocks are at historically expensive valuations, indicating a generally bullish environment where crypto could play catch-up [36]