The cryptocurrency market faced renewed pressure as XRP recorded a sharp decline following a sweeping tariff announcement by former U.S. President Donald Trump. The move sent shockwaves through global financial markets, sparking a widespread sell-off across stocks and digital assets.
XRP experienced a price drop from its peak of $2.23 to $1.99 moments after Donald Trump delivered his speech at the White House Rose Garden. Many experts. including Oscar Ramos, attributed the XRP price decline during the announcement timing to general political unrest and market fear.
Meanwhile, an abrupt pullback affected Bitcoin as it dropped below $80k from its previous peak at $88,000 within a very short timeframe. More than $550 million was forcibly withdrawn from numerous cryptocurrency assets as prices shift. As a result, XRP recorded losses exceeding $15 million for long-term positions and $6 million for short positions.
Ramos pointed to rising volatility and urged investors to prepare for more market swings in the days ahead. He noted that XRP has shown support in previous tariff-related events when the price reached near $1.70 and $1.80 earlier this year.
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Bearish Signals Emerge as XRP Approaches Key Support Levels
Ramos identified a bearish “Three Black Crows” pattern on XRP’s daily chart, often suggesting a continuation of downward momentum. He explained that XRP’s current Relative Strength Index shows it has not yet entered oversold territory, which could allow for further downside.
His model shows that XRP could slide from $1.50 to $1.60 before beginning its possible ascent. XRP maintains its position at nearly $2 during market turmoil, thus providing some protection for short-term investors.
Source: Oscar Ramos
Ramos advised people to stay calm because the current state demands strategic planning instead of reacting hastily. He explained he is purchasing Bitcoin now but keeps a hold on XRP acquisition until market conditions become clearer.
Moreover, Ramos highlighted Ripple’s RLUSD stablecoin launch on the Kraken platform, praising it as a huge development for the Ripple ecosystem. However, he pointed out that the current market movement is influenced by macroeconomic factors and not isolated developments relating to individual projects.
Conclusion
XRP continues to face downward pressure as global markets react to Trump’s broad tariff policy. With technical patterns signaling possible further losses, traders are watching key levels closely for signs of stabilization.
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