Global financial markets were severely beaten after US President Donald Trump issued a comprehensive tariff, as Cryptocurrency XRP was one of the assets that recorded The sharp price decreases. The digital currency fell from $ 2.20 to $ 1.75 during the widespread pressure pressure in both traditional markets and encryption.
The market loses 1.65 trillion dollars after the customs tariff news
According to Oscar Ramos's encryption analyst, the US Securities Market lost about $ 1.65 trillion when the markets opened after Trump's announcement. The President's decision to impose definitions on almost every country around the world has sparked what some market monitors call “The financial bloodbath.”
XRP price retreats to the red zone today. Source: Coingecko
Bitcoin fell, after just recovered $ 88,000, strongly to $ 77,000. This sharp prices have led to a group of forced qualifiers in the exchange of cryptocurrencies. Statistics indicate that within 24 hours alone, more than $ 500 million of commercial positions were liquidated, with $ 348 million in long positions and $ 210 million in short positions.
Let's start with a smile $ Xrp Owners
Are you tired of buying XRP decline?! pic.twitter.com/wwkjwhxhpn
Oscar Ramos (@Realoscaraamos1) April 3, 2025
Technical signals indicate a possible bottom
Ramos noted that XRP can turn towards the price of the price using previous support levels. Similar price behaviors were observed at the beginning of the year when the top of Altcoin was traded between $ 1.90, $ 1.80 and $ 1.70 in the past Tariff news Regarding Canada, China and Mexico.
The analyst referred to a declining structure called “three black western” developing on the daily encoding graph, indicating that additional declining pressure may be on the way. According to the Relative Power Index Readings (RSI), XRP has not yet reached excessive sales levels on daily plans, which last occurred in July 2024.
Additional price declines can test the support level of $ 1.50
If XRP enters the sale area on daily plans, Ramos expects the price to decrease to about $ 1.50 to $ 1.60. Despite these warning signs, the analyst looks at the current situation with some optimism, noting that keeping the price near $ 2 instead of decline is a “big victory”.
XRP price could go lower if the altcoin goes into oversold region. Image: Gemini Imagen
XRP references for 21 million dollars contributed to the total forced closure in the market, as $ 15 million was disposed of in long positions and 6 million dollars in short positions with low prices.
The new US dollar was launched amid market turmoil
Meanwhile, Crypto Excination Krakeen just added US dollar ripples (RLUSD), a new stablecoin issued by the company behind XRP. Although this step should be a positive habit in the market, its impact was outperforming other economic concerns.
Ramos took a conservative position regarding the presentation of market trends. The analyst revealed his plan to build a position in Bitcoin By seeing the full BTC and avoiding new XRP sites until the coast is clear.
Distinctive image from Gemini Imagen, the tradingvief chart
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