Global financial markets suffered a solemn beating after US President Donald Trump made a wide declaration piercing price drops. The digital currency dropped from 2.20 to 1.75 USD during the widespread pressure on the conventional and cryptographic market.
The market loses $ 1.65 trillion after tariff messages
According to the Crypto analyst Ramos, the American stock market lost about $ 1.65 trillion when the markets opened after Trump’s announcement. The president’s decision to apply tariffs on almost every country around the world caused what some market observers call “Financial Blood Cath”.
XRP price retreats to the red zone today. Source: Coingecko
Bitcoin, just recovered $ 88,000, returned to $ 77,000. This drastic drop in price was caused by a wave of forced liquidation on cryptocurrency stock exchanges. Statistics indicate that within 24 hours, commercial positions worth over $ 500 million, with $ 348 million long positions and $ 210 million miniature positions.
Let’s start with a smile $ XRP Holders 👀
Are you fed up with buying XRP DIPA?! pic.twitter.com/wwkjwhxhpn
– Oscar Ramos (@Realoscaramos1) April 3, 2025
Technical signals indicate a possible bottom
Ramos indicated that XRP can head towards the price floor using past support levels. Comparable price behavior was observed at the beginning of the year, when the best Altcoin traded between USD 1.90, USD 1.80 and USD 1.70 in previous Messages with a tariff As for Canada, China and Mexico.
The analyst pointed to bears called “Three Black Crows” developing on a daily cryptocurrency chart, which indicates that additional pressure can occur. According to the relative readings of force indicators (RSI), XRP has not yet reached the levels sold out on the daily charts that took place in July 2024.
Additional price drops can test $ 1.50
If XRP passes on the tabs on the daily charts, Ramos predicts that the price will drop to around 1.50 to 1.60 USD. Despite these warning signs, the analyst looks at the current situation with some optimism, noticing that maintaining a price of nearly 2 USD instead of lowering is a “important win”.
XRP price could go lower if the altcoin goes into oversold region. Image: Gemini Imagen
Specific liquidations for XRP have contributed to $ 21 million to total forced closures on the market, with $ 15 million in long positions and $ 6 million in miniature positions eliminated as prices drops.
The modern USD ripple is launched among the market confusion
Meanwhile, Crypto Exchange has just added Kraken RIPPLE USD (RLUSD), Nowy Stablecoin issued by the company for XRP. Although this movement should usually be positive on the market, its impact was pierced by other economic worries.
Ramos took a conservative position in relation to current market trends. The analyst revealed his plan to build a position in Bitcoin With the vision of having a full BTC and avoiding modern XRP positions until the coast is tidy.
A distinguished picture from Gemini Imagen, chart from TradingView
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