COIN, HOOD Stocks in Focus Ahead of Trump-Xi Talks

Coinbase (COIN) and Robinhood (HOOD) stocks are drawing investor attention as cryptocurrency prices strengthen ahead of high-profile U.S.-China talks in Washington. Bitcoin surged to $86,159, Ethereum traded near $2,755, and XRP reached about $1.58, providing support for crypto-linked equities.

Chinese President Xi Jinping is set to visit Washington from September 23 to September 25, with talks with U.S. President Donald Trump scheduled for September 24. Trade, tariffs, rare earth exports, artificial intelligence, Taiwan and Iran are expected to feature prominently.

Oil markets could provide an important link between the diplomatic talks and financial markets. China remains a major buyer of Iranian crude, while Washington has sanctioned smaller Chinese refiners but avoided targeting major state banks ahead of negotiations. Any indication that Beijing could reduce Iranian oil purchases may increase pressure on Tehran and potentially ease concerns surrounding the Strait of Hormuz.

Lower crude prices could reduce inflationary pressure and influence expectations for Federal Reserve monetary policy. Positive developments could therefore support stocks, cryptocurrencies and other risk assets. Conversely, renewed tensions over tariffs, Taiwan or technology restrictions could weaken market sentiment.

Robinhood stock rose 0.84% to $124.33 after recovering from an early drop below $120. HOOD moved above $123.30 on stronger volume, putting the $125 resistance level in focus. A sustained breakout could open the door to $127, followed by the broader $130 target. Failure to hold $123.30 could expose support at $122.50 and potentially $120.

Coinbase shares slipped 0.67% to $199.70 despite Bitcoin’s rally toward $86,000. COIN rebounded from below $195 overnight but struggled to regain the $201.05 level.

A move back above $201.05 could strengthen Coinbase’s short-term technical outlook and bring $202.50 resistance into focus. A high-volume breakout beyond that level could create room for COIN stock to test $205 as traders monitor both cryptocurrency momentum and developments from the Trump-Xi meeting.