XRP, ADA, SUI Price Analysis: Trump’s Tariff Strategy Fuels Crypto Rebound

Top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) staged a sharp rebound on Jan. 14, fueled by reports that President-elect Donald Trump’s incoming economic team is exploring a measured approach to implementing trade tariffs.

The proposed strategy, aimed at mitigating inflationary pressures, boosted market sentiment across risk-on assets, including digital currencies. Some altcoins, as a result, have formed interesting bullish setups.

Let’s examine XRP (XRP), Cardano (ADA), and Sui (SUI)—some of the most highly-traded tokens—in particular.

XRP (XRP) Technical Analysis

XRP/USD Four-Hour Price Chart Analysis: Bearish Reversal Setup Sees ~20% Decline

XRP/USD is trading within a rising wedge pattern, a technical formation often associated with bearish outcomes.

The setup is defined by two converging trendlines, with the upper trendline connecting the recent higher highs and the lower trendline linking the higher lows. Given the wedge’s historical implications, as the price narrows within this structure, the likelihood of a breakdown increases, with a bias toward a downside move.

XRP/USD is testing the wedge’s upper trendline near the $2.57 level. A rejection could heighten the risk of a pullback toward the lower trendline, aligning with the 50-4H exponential moving average (50-4H EMA; the red wave) at around $2.40.

The price could continue consolidating inside the wedge range after falling toward the $2.40 level, reaching the apex point of $2.66 in the best-case scenario. Or, it may break below the lower trendline.

In such a scenario, the wedge’s theoretical downside target is calculated by measuring the maximum height of the pattern and subtracting it from the breakdown point. This projection suggests a decline toward approximately $2.20–$1.99, depending on where the breakdown point is.

XRP/USD Weekly Price Chart Analysis: Long-term Outlook is Still Bullish

The $1.99 downside target in the section above aligns with XRP’s 1.0 Fibonacci retracement line on the weekly chart. There, the price may attempt a rebound toward the 1.618 Fib line at around the $3 level, representing a 20% jump from the current price levels.

XRP has been trending inside the aforementioned Fib level range since the Donald Trump-led price boom in November and December. Such a consolidation pattern after a strong price rally could trigger bullish continuation setups, paving the way for XRP to continue its rebound later in 2025.

For instance, XRP’s ongoing consolidation pattern appears like a symmetrical triangle. As a rule of technical analysis, breaking above the symmetrical triangle’s upper trendline after a strong uptrend leads the price to level at a length equal to the triangle’s maximum height.

Applying the same rule on the XRP/USD chart brings its upside target to around $3.30.

Conversely, symmetrical triangles can turn into bearish reversal patterns if the price breaks below its lower trendline after a strong uptrend. In that case, their downside targets are measured after subtracting the breakout point from the triangle’s maximum height.

In other words, XRP can decline toward $1.47 if the price decisively breaks below the triangle’s lower trendline.

Cardano (ADA) Technical Analysis

ADA/USD Four-Hour Price Chart Analysis: A 25% Boom Likely Ahead

Cardano is exhibiting a bullish technical setup, combining a double-bottom pattern and an ascending channel structure.

The double bottom—a bearish reversal pattern—formed as ADA tested the $0.882 level twice, confirming it as a strong support zone. The subsequent recovery has pushed the price above its 50-EMA ($0.965 on the 4-hour chart), signaling growing bullish momentum.

A breakout above the interim resistance near $1.026, which marks the neckline of the double bottom, would confirm the pattern and pave the way for further upside.

Adding to the bullish case, ADA is trading within an ascending channel defined by higher highs and higher lows. The channel’s upper trendline, currently near $1.20, coincides with the double bottom’s measured move target, up 25% from the current price levels.

The confluence strengthens the likelihood of the price reaching that level if ADA maintains momentum.

ADA/USD Weekly Price Chart Analysis: Symmetrical Triangle Breakout is Near

Like XRP, ADA is trading inside what appears to be a symmetrical triangle pattern.

A breakout above the upper trendline could lead the Cardano price toward $1.66, aligning with the 0.5 Fib retracement line.

Conversely, a break below the symmetrical triangle’s lower trendline risks sending the ADA price down toward $0.52, aligning with the 200-week EMA (the blue wave).

Sui (SUI) Technical Analysis

SUI/USD Four-Hour Price Chart Analysis: December Fractal Points to 15% Rally Next

SUI has bounced off the lower trendline of its prevailing rising wedge pattern, exhibiting a bullish rejection similar to its price action in December 2024. Back then, SUI avoided a breakdown from the wedge’s support and subsequently rallied over 40%, reaching the wedge’s upper trendline as resistance.

The rising wedge, a traditionally bearish setup, has yet to confirm its downside bias as SUI defends its ascending support line. The latest rejection of a breakdown attempt near $4.45, marked by a strong rebound and increasing volume, suggests a resurgence of buying momentum.

Notably, the current price recovery has brought SUI back above its 200-EMA ($4.48), a key technical indicator that could support a sustained uptrend.

Further validating the bullish outlook, SUI’s Relative Strength Index (RSI) on the 4-hour chart hovers near 45, leaving ample room for upside without entering overbought conditions.

If buying pressure persists, SUI could challenge its interim resistance near $4.80 (50-EMA) before reaching the upper trendline at $5.32, up about 15% from the current price levels.

SUI/USD Weekly Price Chart Analysis: Bullish Reversal Breakout Underway with 150% Rally Aim

SUI has entered the breakout stage of its prevailing inverse head and shoulders (IH&S) setup, now eyeing a continued bull run toward $12.40, which is up 150% when compared to current price levels.

The IH&S formed throughout 2024, with a well-defined left shoulder, head, and right shoulder, followed by a breakout above the neckline near $4.12 in late 2024. The IH&S breakout target of $12.40 is calculated by measuring the height between the pattern’s head and neckline and projecting it upward from the breakout point.

SUI is also trading within an ascending channel, suggesting a methodical rise toward its $12.40 target. The next immediate resistance level is $6.44, corresponding to the 1.618 Fibonacci extension level from the token’s previous downtrend. A breakout above this level could further validate the bullish trajectory.

However, traders should monitor the ascending channel’s lower trendline for potential breakdown risks. A decisive move below this trendline could negate the IH&S breakout and expose SUI to a retest of its neckline around $4.12, or the next downside target, represented by the 50-week EMA (the red wave) at around $2.25.