3 altcoins to watch before Trump's 'Liberation Day'

Trump's liberation day on April 2 is expected to bring important announcements regarding tariff policy, potentially having a significant impact on the cryptocurrency market. XRP, after a period of underperformance compared to other major coins, may be accumulating in preparation for a strong volatility if market sentiment shifts.

Dogecoin (DOGE), the flagship meme coin known for amplifying market reactions, could see a boom — or a deep drop — depending on how investors receive the news. Meanwhile, RENDER, one of the leading AI coins, has a strong chance of recovery if the event sparks a wave of interest in the AI sector, which has been under pressure for some time.

XRP

XRP has underperformed compared to the broader cryptocurrency market over the past week. This altcoin has decreased by 6%, while major assets like Bitcoin, Ethereum, BNB, and Solana have recorded slight gains.

This divergence indicates that XRP is decoupling from the common momentum of other leading coins in the short term, potentially positioning it as an oversold asset.

XRP/USDT 4-hour chart | Source: TradingViewWith this underwhelming performance, the price of XRP may be poised for a significant move – either up or down – depending on how market sentiment develops in the coming days, making it one of the altcoins to watch closely in the near future.

Most of the cryptocurrency market is currently reacting to macro developments, particularly news related to Trump's tariff policy ahead of "Liberation Day" on April 2.

If these headlines lead to a more optimistic outlook for the cryptocurrency industry, XRP could benefit significantly. In that case, XRP could test and even break the resistance levels at $2.47 and $2.59, paving the way for a rally to $2.74 and even $2.99.

However, if the market turns to a negative trend, XRP could return to the support level of $2.22. If this level is broken, selling pressure may increase, pulling the price down to $1.90.

Dogecoin (DOGE)

Famous meme coins are known for their greater price volatility compared to other cryptocurrencies. They often surge strongly during bullish market phases or experience deeper corrections when the market weakens.

Dogecoin, the largest meme coin by market capitalization, is particularly sensitive to changes in market sentiment and often amplifies the overall trends of cryptocurrencies.

DOGE/USDT 4-hour chart | Source: TradingViewIf the news about tariffs on the upcoming "Liberation" day drives a positive reaction across the market, Dogecoin may leverage this momentum to test resistance levels of $0.22, $0.24, and $0.26.

On the contrary, if the market reacts negatively, meme coins like DOGE could incur larger losses. In that case, DOGE could drop to the support level of $0.179, and if this level is broken, the possibility of continuing to weaken down to $0.16 and even $0.14 is entirely possible.

RENDER

Similar to meme coins, AI coins tend to be more volatile compared to other sectors, often experiencing sudden price spikes or deeper corrections.

In recent months, many AI coins have experienced a significant downtrend, making them particularly sensitive to changes in broader market sentiment.

RENDER/USDT 4-hour chart | Source: TradingViewWith the market closely monitoring the developments of the "Liberation Day", a positive outcome could trigger a strong recovery in AI coins. RENDER – one of the leading names in this field – stands to benefit significantly, making it one of the most important altcoins to watch ahead of the "Liberation Day".

If positive sentiment returns, RENDER could test the resistance levels of $4.17 and $4.63.

However, if the statements do not instill confidence in this sector, selling pressure could continue to push RENDER down to the support level of $3.42. If the correction trend of AI coins occurs more strongly, RENDER could continue to drop to $2.83 and $2.52.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do thorough research before making decisions. We are not responsible for your investment decisions.

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