XRP, Ethereum Continue to Plunge as Traders Turn to Low Cap Coins and Promising Crypto Presales

Sellers remain in control of the XRP and Ethereum markets as both cryptocurrencies plunge this week.

However, new low-cap cryptos such as Solaxy and BTC Bull Token continue to attract capital inflows. We’re witnessing a paradigm shift as traders rotate from the old guard to emerging assets.

XRP, Ethereum Dive on Trump Retaliatory Tariffs

Donald Trump declared April 2 “Liberation Day” for the US economy, but the market didn’t buy it.

He announced tariffs on 185 countries – one of the biggest tariff events in US history. And the market’s response? Crypto and stock prices plunged.

Analysts at The Kobeissi Letter noted that $2 trillion was wiped off the US stock market in 15 minutes. The most shocking thing is that equities were already struggling in the weeks before it, indicating that the tariffs were even worse than expected.

“Reciprocal tariffs” are officially HERE:

President Trump just announced tariffs on 185 countries AT ONCE, one of the largest tariffs in US history.

S&P 500 futures erased -$2 TRILLION of market cap in under 15 minutes.

What just happened? Let us explain.

(a thread) pic.twitter.com/S4pmsDweNB

— The Kobeissi Letter (@KobeissiLetter) April 2, 2025

Although the S&P 500 index has slightly recovered since Trump’s speech, it remains down 0.4% this week and 3% this month.

However, crypto prices have been hit worse, with XRP down 13.4% this week and Ethereum down 9.9%. This reflects the volatile nature of cryptocurrencies.

Brighter Days Ahead? Analysts Look to Bullish Catalysts

Both XRP and Ethereum disappointed investors this week, losing billions of dollars in value. However, experts believe brighter days are ahead.

The Crypto Squire notes that “the final statement” in Ripple Labs’ lawsuit against the SEC will be delivered on April 16.

The analyst calls this an “endgame” for XRP and alludes to a possible price surge afterward.

🚨 XRP Decision Day 🚨

On April 16, the final statement in the case against the SEC will be delivered. After years of legal battles, the endgame is closer than ever.$XRP is going to win this fight. pic.twitter.com/XBeVoHFyEI

— John Squire (@TheCryptoSquire) April 2, 2025

Meanwhile, Merlijn, the Trader highlights two key Ethereum price catalysts.

The first is that it currently trades at a key trendline support level. The previous two bounces from this zone sparked 66% and 90% rallies. He believes the next will go even further.

This $ETH chart screams patience.

Last two Ethereum dips were followed by explosive gains.

Selling here?
You might regret it more than your last ex. pic.twitter.com/FmHxpClW2c

— Merlijn The Trader (@MerlijnTrader) March 31, 2025

In the second tweet, the analyst notes that 91% of Donald Trump’s crypto holdings are in Ethereum under his World Liberty Financial company.

He suggests that this indicates Ethereum is currently undervalued.

BREAKING:

91% of Trump’s crypto holdings are on Ethereum.$ETH is the infrastructure of choice even for billionaires.

Still think it’s overpriced? pic.twitter.com/GTyo9HyvoP

— Merlijn The Trader (@MerlijnTrader) April 2, 2025

One of the most interesting occurrences in the crypto market recently is that despite the damning performances of majors like XRP and Ethereum, new projects continue to attract capital inflows.

For instance, two presale projects, Solaxy and BTC Bull Token, have each raised millions of dollars in recent weeks. This indicates that these new projects could see big gains as crypto majors recover.

Traders Turn to Promising Presales That Can Beat the Market

Solaxy is the largest presale to ever take place on Solana, having raised a staggering $28 million. That’s over 50% more than Ethereum raised in its 2014 ICO.

Solaxy is building the world’s first Solana layer 2 blockchain to eradicate the network’s congestion issue and make transactions cheaper, faster, and more reliable.

If it achieves its goal, it will mark a new era for Solana, one in which new use cases and heightened levels of adoption are possible.

This could create huge demand for $SOLX and make the Solaxy presale one of the best opportunities on the market right now.

BTC Bull Token is another promising presale project. It has raised $4.3 million so far for a reward-focused meme coin.

The project will airdrop real Bitcoin to presale investors at key milestones on Bitcoin’s journey to $1 million. It’s something that has never been done before.

Not only does this separate $BTCBULL from other meme coins but it also incentivizes long-term holding, thereby increasing the project’s price potential.

BTC Bull Token also offers $BTCBULL airdrops and staking rewards.

Evidently, the best way to profit from BTC Bull Token could be long-term HODLing, not quick-flipping. This creates a unique outlook for the token and is why it could outperform other cryptos in the coming months