XRP Price Prediction April 8, 2025: In Danger of Plummeting 44% Due To Trump’s Tariffs?

Updated

April 8, 2025

Jakarta, Pintu News – The crypto market has been under heavy pressure after President Trump’s tariff policy sparked fears of a “Black Monday”. On April 7, 2025, the price of Ripple plummeted by 15% to $1.80, the lowest value in two months.

Check out the full analysis below!

Trump’s Tariffs Trigger “Black Monday” Fears

google trends black monday — Source: Google Trends

The price of Ripple (XRP) has sharply declined today as investors grow concerned about the potential for a deep correction across financial markets. According to Google Trends, the search volume for the term “Black Monday” has jumped to 100.

This reflects investor anxiety that today’s drop could mirror the 1987 stock market crash. The crypto market as a whole also took a hit with total market capitalization falling 9% to $2.4 trillion.

Meanwhile, the US stock market experienced one of its worst trading days after the S&P 500 futures index fell by 2.88%. The heavy selling came as traders reduced their exposure to riskier assets due to tariffs that have fueled the US-China trade war.

Ripple (XRP) Liquidation Jumps to $40 Million

Data from Coinglass showed a huge spike in liquidations, with over $40 million of open positions on Ripple (XRP) being wiped out. Of this, $36 million were long positions that were liquidated, adding to the selling pressure that drove the price of Ripple (XRP) down further.

Open interest for Ripple (XRP) has dropped below $3 billion while funding levels have turned negative. This indicates a bearish market sentiment, where short sellers anticipating further price declines outperform long buyers.

Also read: Economic Crisis Increases, Robert Kiyosaki Encourages People to Hold Bitcoin!

Ripple (XRP) Price Analysis Shows 44% Downside Potential

xrp has the potential to fall — Source: Coingape

The one-day price chart shows that the price of Ripple (XRP) has fallen from a key support zone. After breaching this zone, Ripple (XRP) also dropped below the 200-SMA, confirming a trend change from bullish to bearish. Technical indicators support this bearish Ripple (XRP) price prediction.

The Relative Strength Index (RSI) has decreased to 30, which indicates intense selling pressure. However, an oversold RSI can also suggest that the downtrend may be almost exhausted.

With the bearish trend continuing, the price of Ripple (XRP) could plummet by 44% to $1. This outlook aligns with the sentiments of prominent trader Peter Brandt, who noted that a drop in Ripple (XRP) to $1 is already in sight if support at this critical zone is lost.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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