XRP Plunges to $1.6185 Amid Market Sell-Off, Death Cross Signals Further Decline
Ripple’s XRP cryptocurrency has experienced a sharp decline, dropping to $1.6185—its lowest level since November last year. The sell-off was driven by broader market turbulence, exacerbated by geopolitical tensions and recession fears. Technical indicators now suggest a potential further drop to $1 or below, as analysts warn of sustained bearish momentum.
XRP Price Forms Death Cross, Crashes to $1.6185
The price of Ripple’s XRP cryptocurrency tanked on Monday as a broader sell-off in the crypto market gained steam. Technical indicators suggest a further crash to $1 and below. XRP dropped to a low of $1.6185, its lowest level since November last year. The crash was triggered by Donald Trump’s Liberation Day tariff speech and retaliations from China, which have increased recession fears. Goldman Sachs analysts raised their recession odds to 45%, while experts from JPMorgan, Wells Fargo, and Citi have warned of a sustained economic slowdown unless Trump changes course on tariffs. However, some analysts suggest that a recession could act as a bullish catalyst for cryptocurrencies and other risk assets.
Ripple (XRP) Latest News and Speculation
Ripple latest news reveals developing speculation that XRP may assist U.S. government infrastructure according to the tweet posted by influencer John Squire. Ripple’s chief technology officer David Schwartz showed an interest in selling stocks to obtain tax benefits from the losses he incurred. Additionally, a new cryptocurrency named Remittix has gained trading interest by obtaining more than $14.4 million from the sale of its 527 million tokens at $0.0734 each. XRP’s price is currently NEAR $2.07, revealing changes in how it is perceived for its intended uses and how its executive team is managing their finances.
XRP Price Prediction: Can Ripple Defy Tariff Turmoil?
Once buoyed by regulatory clarity and growing institutional adoption, the XRP price is now under pressure from both technical breakdowns and broader economic uncertainty. The latest wave of U.S. tariffs, introduced by President Donald Trump, has sparked fears of a renewed global trade war. The financial fallout has been swift, with U.S. equity markets losing nearly $6 trillion in value. Cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and XRP have seen sharp declines amid the risk-off sentiment. Thomas Sowell criticized tariffs and Trump’s trade wars as economically irrational and harmful to consumers. XRP has been hit particularly hard, dropping significantly in value.
XRP Price Plummets, But Charts Hint at Potential 1,000% Rebound
XRP has fallen to $1.67, marking its lowest point since November 2024, with a 25% drop over the past month. Despite the dip, trading volume surged 261% in 24 hours, signaling major investor activity. Historical market cycles suggest the potential for a dramatic rebound if patterns repeat. As of April 7, XRP finds itself at a critical point, reflecting broader volatility in the crypto market. Over the past 30 days, XRP has shed over a quarter of its value, experiencing consecutive losses of 25% in 48 hours. This steep fall is similar to past cycles, wherein the token’s interaction with the 200-day moving average has historically been significant.
