The market is currently facing a double blow: the "nuclear bomb" of tariffs dropped by UBS and the red light flashing on the technical side of XRP. Don't panic about your holdings, and if you want to buy the dip, just wait a moment and let me finish speaking. Let's talk about the bomb that is UBS. If the U.S. Supreme Court rules that the tariff policy is illegal, the government may have to refund $140 billion in import taxes. In the short term, this astronomical figure will directly impact the fiscal balance. Once trade partners retaliate, the global economy will also be shaken, and crypto assets, as high-risk varieties, will be the first to bear the brunt. But what about the long term? UBS's report also offers another possibility—if the reconstruction of tariffs takes several quarters and trade policy shifts to a more lenient stance, U.S. stocks and the crypto market may actually benefit. The inflation relief brought by the tax refund could even prompt the Federal Reserve to lower interest rates earlier. For XRP, which has both safe-haven and speculative attributes, there may be opportunities in the long run. The problem is that short-term funds are too scared to move. The policy uncertainty is too strong, and XRP is currently stuck at this critical position of $2.31. The technical outlook is even less optimistic – it has fallen from $2.41 to $2.31 and is now struggling around $2.3133. The MACD double line has just formed a death cross above the zero axis, and this signal is not to be taken lightly. Key levels to remember: the resistance above is at $2.3530 and $2.4190. Want to break through? With the current market sentiment, it's difficult.

On-chain tracking has discovered a tough character — a certain new Wallet directly dumped 7 million USDC into Hyperliquid, and then did something crazy: opened a Short position on Bitcoin and Ripple with 20x leverage at the same time. Now, what is the notional value of this pile of positions? It has already surpassed 100 million USD. The timing is quite decisive. Bitcoin has just dropped below the $100,000 mark and is trying to climb back to $103,000, while Ripple is soaring after the news that Ripple is conducting a stablecoin settlement pilot with Mastercard and Gemini, having just broken through the $2.30 resistance level. At this moment, entering to short is either a hedge for large holders or someone who is dead set on betting that there will be a short-term correction. However, the interesting part of this matter comes later—$100 million in short positions is no joke. If BTC or XRP continues to surge, this guy's position will face liquidation. And once the shorts are liquidated on a large scale, it will actually fuel the price further. Market games are always so exciting.

XRP just clocked a 5% surge—its best daily move in seven days. While the broader market stumbled, XRP stood firm. What's fueling this? The RLUSD pilot launch seems to be the catalyst. Traders are now watching closely to see if momentum can push the price toward that $2.50 mark. Will this breakout hold?