The crypto market jumped on bullish news that trade relations between the U.S. and China are on the upswing. At the same time, investor enthusiasm is increasing for some altcoins. Bitcoin just hit an all-time record of over $93,000! At the same time, Ethereum hit $1,800 for a moment, pushing the entire crypto market cap over $3 trillion. Like Ethereum, a host of other altcoins are causing a stir in the camp. Three U.S.-based digital assets – Ripple (XRP), Solana (SOL), and Cardano (ADA) – are attracting traders’ focus and showing impressive promise.

Cardano (ADA) Poised for Further Gains

Strength has been truly remarkable for Cardano (ADA). In the past week, DOT price gained notable momentum pushing recently above the $0.70 level and reaching its peak price in nearly three weeks. Along with this upward momentum comes a notable increase in open interest (OI), which is currently approaching a monthly high. The rising OI shows that traders are entering new positions, expecting a stronger uptrend for ADA to develop.

The recent price movement indicates an increasing confidence in Cardano’s potential. Investors have their eyes on the project’s developments as it continues to chart its course in the rapidly evolving world of crypto.

Solana (SOL) Eyes Return to Record Highs

Among these in particular, Solana (SOL) has proven to be the most interesting and promising U.S.-originated crypto. If SOL manages to break above the $180 resistance level, its price may retest its all-time high at $295.

From a technical perspective, looking at Solana’s daily price chart, we can see that there is a strong bullish momentum. The Relative Strength Index (RSI) has spiked to its loftiest reading since late January. This accompanying increase firmly supports rosy projections for SOL’s future.

Ripple (XRP) Rides Positive Catalysts

Ripple (XRP), now the most valuable U.S.-based crypto by market cap, is riding high from a confluence of positive catalysts. It seems likely that a spot Exchange-Traded Fund (ETF) for XRP will be approved before long. This would open the pool to tens of thousands more investors.

XRP’s daily price chart demonstrates that XRP’s all-time high is within striking distance. This increase follows its effective breakout of the resistance found at the 50-day Simple Moving Average (SMA) line. If confirmed, this breakout would indicate increased momentum and bullish sentiment developing around XRP.

Trade War Developments Fuel Market Surge

The China-U.S. trade war adds even more uncertainty, fueling major volatility through financial markets. This chronic confrontation persists to undermine investor confidence and tarnish economic stability. This is why recent President Trump’s comments about possibly cutting Chinese tariffs raised hopes. The increased optimism is currently lifting the crypto market.

"145% is very high, and it won’t stay that high… Those tariffs will come down significantly, but they won’t go to zero. We will be very nice to China, and have a great relationship with President Xi." - Trump

Immediately after President Trump’s comments, a surge of optimism energized the entire cryptocurrency market. Thousands of altcoins were jumping double digits as percent 24 hours, indicating how nimble and reactive the crypto markets are to significant geopolitical news.