03-29-2025, 12:55 PM
News XRP price may drop another 40% as Trump tariffs spook risk traders
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NDNmZTAtNDZkYy03NzNkLWJiMjktY2EwZDgxNGM2ZmJl.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NDNmZTAtNDZkYy03NzNkLWJiMjktY2EwZDgxNGM2ZmJl.jpg" alt="XRP price may drop another 40% as Trump tariffs spook risk traders"></p><p>The XRP (<a data-ct-non-breakable="null" href="https://cointelegraph.com/xrp-price-index" rel="" target="_self" text="null" title="https://cointelegraph.com/xrp-price-index">XRP</a>) market is flashing warning signs as a bearish technical pattern emerges on its weekly chart, coinciding with macroeconomic pressures from anticipated <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/timeline-trump-tariffs-bitcoin-drop" rel="" target="_self" text="null" title="https://cointelegraph.com/news/timeline-trump-tariffs-bitcoin-drop">US tariffs</a> in April.<h2>XRP descending triangle pattern hints at 40% drop</h2><p>Since its late 2024 rally, the XRP price chart has been forming a potential triangle pattern on its weekly chart, characterized by a flat support level mixed with a downward-sloping resistance line.</p><p>A descending triangle pattern forming after a strong uptrend is seen as a bearish reversal indicator. As a rule, the setup resolves when the price breaks below the flat support level and falls by as much as the triangle’s maximum height.</p><figure><img alt="XRP price may drop another 40% as Trump tariffs spook risk traders" src="https://s3.cointelegraph.com/uploads/2025-03/0195dca7-be4f-786a-824a-87769252811e" title=""><figcaption style="text-align: center;"><p><em>XRP/USD weekly price chart. Source: TradingView</em></p></figcaption></figure><p>As of March 28, XRP was testing the triangle’s support for a potential breakdown move. In this case, the price may fall toward the downside target at around $1.32 by April, down 40% from current price levels.</p><p>XRP’s descending triangle target echoes veteran trader <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/xrp-price-at-risk-of-50-correction-if-bearish-trading-pattern-holds-peter-brandt" rel="" target="_self" text="null" title="https://cointelegraph.com/news/xrp-price-at-risk-of-50-correction-if-bearish-trading-pattern-holds-peter-brandt">Peter Brandt’s prediction</a>. He warned of a possible decline to as low as $1.07 due to a “textbook” head-and-shoulders pattern forming on the daily chart. </p><figure><img alt="XRP price may drop another 40% as Trump tariffs spook risk traders" src="https://s3.cointelegraph.com/uploads/2025-03/0195dcad-3cd4-770c-b8a8-39c2cae872f5" title=""><figcaption style="text-align: center;"><p><em>XRP/USD daily price chart. Source: Peter Brandt</em></p></figcaption></figure><p>Conversely, a rebound from the triangle’s support level could lead the price toward its upper trendline at around $2.55. A <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/xrp-price-chart-75-sec-withdraws-lawsuit-against-ripple" rel="" target="_self" text="null" title="https://cointelegraph.com/news/xrp-price-chart-75-sec-withdraws-lawsuit-against-ripple">clear breakout</a> above this resistance level risks invalidating the bearish structures altogether, instead sending the price toward the previous high of $3.35.</p><h2>Trump tariffs could amplify XRP sell-off</h2><p>The broader market, meanwhile, has turned increasingly cautious in response to President Donald Trump’s <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-rally-stalls-gold-passes-record-3-1-k" rel="" target="_self" text="null" title="https://cointelegraph.com/news/bitcoin-price-rally-stalls-gold-passes-record-3-1-k">25% tariffs on auto imports</a>, set to go live on April 3.</p><p>These tariffs are likely to result in higher prices for US manufacturers and consumers. The February 2025 <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/us-cpi-lower-expected-rate-cuts-coming" rel="" target="_self" text="null" title="https://cointelegraph.com/news/us-cpi-lower-expected-rate-cuts-coming">US CPI report</a> already showed a 0.2% month-over-month increase.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/altseason-bitcoin-etf-crypto-investment" rel="" target="_self" text="null" title="https://cointelegraph.com/news/altseason-bitcoin-etf-crypto-investment"><em><strong>Is altseason dead? Bitcoin ETFs rewrite crypto investment playbook</strong></em></a></p><p>St. Louis Federal Reserve President Alberto Musalem <a data-ct-non-breakable="null" href="https://www.marketwatch.com/story/feds-musalem-worries-that-inflation-caused-by-higher-tariffs-wont-be-transitory-ebc4a115" rel="nofollow noopener" target="_blank" text="null" title="https://www.marketwatch.com/story/feds-musalem-worries-that-inflation-caused-by-higher-tariffs-wont-be-transitory-ebc4a115">estimated</a> that these tariffs might contribute approximately 1.2 percentage points to inflation, with about 0.5 percentage points stemming from direct effects and 0.7 percentage points from indirect effects.</p><p>According to the <a data-ct-non-breakable="null" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html" rel="nofollow noopener" target="_blank" text="null" title="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">CME FedWatch Tool</a>, the probability of the Federal Reserve cutting rates to a target range of 400–425 basis points in June has fallen to 55.7% as of March 28, down from 67.3% a week earlier and 58.4% just one day ago.</p><figure><img alt="XRP price may drop another 40% as Trump tariffs spook risk traders" src="https://s3.cointelegraph.com/uploads/2025-03/0195dcb8-3352-7264-98c0-f0e5aeb21e55" title=""><figcaption style="text-align: center;"><p><em>Target rate probabilities for the June Fed meeting. Source: CME</em></p></figcaption></figure><p>A delayed rate cut would reduce the flow of capital into speculative markets, stalling momentum for XRP and other digital assets that thrive in a low-rate, risk-on environment.</p><p class="post-content__disclaimer" type="">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.</p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template></p>
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https://cointelegraph.com/news/xrp-price...er_inbound
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NDNmZTAtNDZkYy03NzNkLWJiMjktY2EwZDgxNGM2ZmJl.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NDNmZTAtNDZkYy03NzNkLWJiMjktY2EwZDgxNGM2ZmJl.jpg" alt="XRP price may drop another 40% as Trump tariffs spook risk traders"></p><p>The XRP (<a data-ct-non-breakable="null" href="https://cointelegraph.com/xrp-price-index" rel="" target="_self" text="null" title="https://cointelegraph.com/xrp-price-index">XRP</a>) market is flashing warning signs as a bearish technical pattern emerges on its weekly chart, coinciding with macroeconomic pressures from anticipated <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/timeline-trump-tariffs-bitcoin-drop" rel="" target="_self" text="null" title="https://cointelegraph.com/news/timeline-trump-tariffs-bitcoin-drop">US tariffs</a> in April.<h2>XRP descending triangle pattern hints at 40% drop</h2><p>Since its late 2024 rally, the XRP price chart has been forming a potential triangle pattern on its weekly chart, characterized by a flat support level mixed with a downward-sloping resistance line.</p><p>A descending triangle pattern forming after a strong uptrend is seen as a bearish reversal indicator. As a rule, the setup resolves when the price breaks below the flat support level and falls by as much as the triangle’s maximum height.</p><figure><img alt="XRP price may drop another 40% as Trump tariffs spook risk traders" src="https://s3.cointelegraph.com/uploads/2025-03/0195dca7-be4f-786a-824a-87769252811e" title=""><figcaption style="text-align: center;"><p><em>XRP/USD weekly price chart. Source: TradingView</em></p></figcaption></figure><p>As of March 28, XRP was testing the triangle’s support for a potential breakdown move. In this case, the price may fall toward the downside target at around $1.32 by April, down 40% from current price levels.</p><p>XRP’s descending triangle target echoes veteran trader <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/xrp-price-at-risk-of-50-correction-if-bearish-trading-pattern-holds-peter-brandt" rel="" target="_self" text="null" title="https://cointelegraph.com/news/xrp-price-at-risk-of-50-correction-if-bearish-trading-pattern-holds-peter-brandt">Peter Brandt’s prediction</a>. He warned of a possible decline to as low as $1.07 due to a “textbook” head-and-shoulders pattern forming on the daily chart. </p><figure><img alt="XRP price may drop another 40% as Trump tariffs spook risk traders" src="https://s3.cointelegraph.com/uploads/2025-03/0195dcad-3cd4-770c-b8a8-39c2cae872f5" title=""><figcaption style="text-align: center;"><p><em>XRP/USD daily price chart. Source: Peter Brandt</em></p></figcaption></figure><p>Conversely, a rebound from the triangle’s support level could lead the price toward its upper trendline at around $2.55. A <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/xrp-price-chart-75-sec-withdraws-lawsuit-against-ripple" rel="" target="_self" text="null" title="https://cointelegraph.com/news/xrp-price-chart-75-sec-withdraws-lawsuit-against-ripple">clear breakout</a> above this resistance level risks invalidating the bearish structures altogether, instead sending the price toward the previous high of $3.35.</p><h2>Trump tariffs could amplify XRP sell-off</h2><p>The broader market, meanwhile, has turned increasingly cautious in response to President Donald Trump’s <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-rally-stalls-gold-passes-record-3-1-k" rel="" target="_self" text="null" title="https://cointelegraph.com/news/bitcoin-price-rally-stalls-gold-passes-record-3-1-k">25% tariffs on auto imports</a>, set to go live on April 3.</p><p>These tariffs are likely to result in higher prices for US manufacturers and consumers. The February 2025 <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/us-cpi-lower-expected-rate-cuts-coming" rel="" target="_self" text="null" title="https://cointelegraph.com/news/us-cpi-lower-expected-rate-cuts-coming">US CPI report</a> already showed a 0.2% month-over-month increase.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/altseason-bitcoin-etf-crypto-investment" rel="" target="_self" text="null" title="https://cointelegraph.com/news/altseason-bitcoin-etf-crypto-investment"><em><strong>Is altseason dead? Bitcoin ETFs rewrite crypto investment playbook</strong></em></a></p><p>St. Louis Federal Reserve President Alberto Musalem <a data-ct-non-breakable="null" href="https://www.marketwatch.com/story/feds-musalem-worries-that-inflation-caused-by-higher-tariffs-wont-be-transitory-ebc4a115" rel="nofollow noopener" target="_blank" text="null" title="https://www.marketwatch.com/story/feds-musalem-worries-that-inflation-caused-by-higher-tariffs-wont-be-transitory-ebc4a115">estimated</a> that these tariffs might contribute approximately 1.2 percentage points to inflation, with about 0.5 percentage points stemming from direct effects and 0.7 percentage points from indirect effects.</p><p>According to the <a data-ct-non-breakable="null" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html" rel="nofollow noopener" target="_blank" text="null" title="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">CME FedWatch Tool</a>, the probability of the Federal Reserve cutting rates to a target range of 400–425 basis points in June has fallen to 55.7% as of March 28, down from 67.3% a week earlier and 58.4% just one day ago.</p><figure><img alt="XRP price may drop another 40% as Trump tariffs spook risk traders" src="https://s3.cointelegraph.com/uploads/2025-03/0195dcb8-3352-7264-98c0-f0e5aeb21e55" title=""><figcaption style="text-align: center;"><p><em>Target rate probabilities for the June Fed meeting. Source: CME</em></p></figcaption></figure><p>A delayed rate cut would reduce the flow of capital into speculative markets, stalling momentum for XRP and other digital assets that thrive in a low-rate, risk-on environment.</p><p class="post-content__disclaimer" type="">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.</p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template></p>
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https://cointelegraph.com/news/xrp-price...er_inbound