XRP has tumbled nearly 50% since January, sliding from a high of $3.80 to as low as $1.60, mirroring the broader market’s retreat amid mounting global tensions.
The latest trigger came when President Donald Trump threatened additional tariffs on China and announced a blanket 10% tariff on all goods entering the U.S., set to take effect on April 9.
The announcement triggered a broad market sell-off, though major crypto assets staged a modest recovery in the aftermath. Bitcoin (BTC) bounced back slightly, and XRP climbed to $1.88 at press time.
However, with President Trump doubling down on tariffs and threatening an additional 50% levy on Chinese goods, uncertainty remains over whether this rebound can be sustained.
As macroeconomic volatility intensifies and regulatory uncertainty lingers, investors are closely watching whether XRP will continue its slide toward the $1 mark or begin to reverse course.
XRP ETF debut signals rising interest
A key development is the XRP news today as on April 8 the launch of the Teucrium 2x Long Daily XRP ETF (XXRP), the first XRP-linked ETF in the U.S., albeit a leveraged one goes live.
The fund aims to deliver twice the daily return of XRP, tapping into growing investor interest in leveraged crypto products. Bloomberg Intelligence analyst Eric Balchunas called it ‘odd’ that XRP’s ETF debut came in leveraged form before the approval of a traditional spot fund.
Ripple XRP news
Meanwhile, legal uncertainty remains a significant overhang for XRP, as the U.S. Securities and Exchange Commission (SEC) has gone silent on the status of its long-running case against Ripple.
Notably, in previous instances, the commission has officially dropped cases shortly after similar periods of silence—something that has yet to materialize in XRP’s situation.
A formal resolution could mark a turning point for the token, potentially paving the way for a U.S. spot XRP ETF, with applications currently under review from firms such as Grayscale, Bitwise, 21 Shares, and WisdomTree.
Can XRP fall to $1?
From a technical standpoint, XRP’s break below the $2 level has confirmed a bearish head-and-shoulders pattern, often viewed as a precursor to deeper losses. This setup could send XRP to $1.30, as noted by crypto analyst Ali Martinez, or potentially lower, especially if bearish sentiment intensifies.
With network activity plunging 65%, macroeconomic uncertainty rising, and a hawkish Federal Reserve maintaining pressure on risk assets, XRP’s path forward may ultimately hinge on how quickly regulatory clarity arrives and whether ETF-driven demand is strong enough to reverse the downtrend.
Featured image via Shutterstock
