{"id":377824,"date":"2025-03-04T14:43:22","date_gmt":"2025-03-04T09:13:22","guid":{"rendered":"https:\/\/dripp.zone\/news\/cryptocurrencies-price-prediction-as-trump-explores-zero-tax-gains-for-usa-coins-crypto-news\/"},"modified":"2025-03-04T14:46:12","modified_gmt":"2025-03-04T09:16:12","slug":"cryptocurrencies-price-prediction-as-trump-explores-zero-tax-gains-for-usa-coins-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cryptocurrencies-price-prediction-as-trump-explores-zero-tax-gains-for-usa-coins-crypto-news\/","title":{"rendered":"Cryptocurrencies Price Prediction as Trump Explores Zero Tax Gains For USA Coins – Crypto News"},"content":{"rendered":"

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Cryptocurrencies are experiencing significant volatility today, with most assets facing notable price declines. Bitcoin has retreated to around $84,000, marking a 9% decrease from the previous close. The total crypto market cap has also dropped by around 10% to $2.76 trillion. However, rumors about President Donald Trump considering zero capital gains tax for US-based cryptocurrencies have sparked enthusiasm among traders. If this rumor turns true, how will it impact USA coins and cryptocurrencies price predictions?\u00a0<\/span><\/p>\n

Will President Trump Announce Zero Capital Gains on Cryptocurrencies?<\/strong><\/h2>\n

Crypto analyst Mike Alfred has sparked speculation about Trump announcing zero capital gains on crypto. He noted<\/a> that Trump would announce this move during the White House Crypto summit<\/a> on Friday.\u00a0<\/span><\/p>\n

In January, <\/span>The Street<\/span><\/a> reported that Eric Trump had confirmed that US-based cryptocurrencies such as XRP would be exempt from capital gains tax while non-US-based projects would be subject to a 30% tax. This move will put the US on par with crypto-friendly countries like El Salvador, which exempts foreign investors from capital gains on Bitcoin to attract investors.\u00a0<\/span><\/p>\n

If Trump confirms this development, it will drive price gains for cryptocurrencies like Ripple (XRP), Cardano (ADA), and Solana (SOL). These three USA coins have already been included in plans for a crypto strategic reserve despite market-wide criticism<\/a>.\u00a0<\/span><\/p>\n

XRP Price Defends Support After 16% Decline\u00a0<\/strong><\/h2>\n

The XRP price has recorded a sharp 16% drop in 24 hours to trade at $2.35 at press time. The price drop follows broader weakness across the cryptocurrencies market but XRP has managed to defend crucial support at $2.14.\u00a0<\/span><\/p>\n

Technical indicators show mixed momentum. The CMF indicator is positive signalling underlying accumulation. The Awesome Oscillator remains negative but has flashed green suggesting the bearish momentum is weakening. For a bullish reversal, the XRP price needs to flip resistance at $2.70 for a rally to $3.40.\u00a0<\/span><\/p>\n