On April 9, as Trump's reciprocal tariffs triggered market panic, the US Treasury market experienced a basis trading liquidation wave, with long-end yields rapidly soaring. On Monday (April 7), due to tariff panic, XRP once dipped to $1.61; on Tuesday during the Asian trading session, after the market digested Trump's policy and ETF positive news, XRP quickly rebounded to $2, demonstrating the continued attractiveness of crypto assets.
Bitunix analysts suggest: Basis trading liquidation triggered a surge in US bond yields, and safe-haven funds may continue to cause volatility in the crypto market in the short term. XRP's technical performance in the $1.74–$2 range will determine its next trend. Investors are advised to flexibly use the support level of $1.74 and resistance level of $2, and strictly manage risks.
