The EUR/USD pair remained weak near 1.0305 during Tuesday's early European session, marking a significant point of interest for investors. Meanwhile, a modest strengthening of the USD prompted some to take intraday profits around the XAU/USD pair. Amidst these currency fluctuations, geopolitical risks and new tariffs introduced by former President Trump continued to drive up the demand for gold, pushing its price beyond $2,900 and achieving a new all-time high.
The EUR/USD pair saw initial support emerging at 1.0250, with the first upside barrier located at 1.0406. These levels provide traders with critical insights into potential market movements. However, it's crucial to note that the analysis provided does not constitute investment advice, as neither the author nor FXStreet are registered investment advisors.
In the realm of cryptocurrencies, Ripple made headlines with its strategic partnership with Unicâmbio, a Portuguese currency exchange provider. This move comes as Ripple's XRP experienced a 3% gain on Monday. The collaboration is expected to bolster Ripple's presence in the European market and enhance its offerings.
Additionally, Bloomberg analysts Eric Balchunas and James Seyffart released a list of cryptocurrencies most likely to receive approval for Exchange Traded Funds (ETFs) from the Securities & Exchange Commission. Among those listed are XRP, Litecoin, Dogecoin, and Solana. These potential approvals are significant market movers for XRP, influencing its price alongside bullish on-chain metrics.