XRP Faces 10.8% Price Drop Amid Trump Tariff-Induced Market Turmoil
The cryptocurrency market experienced a significant downturn today as former U.S. President Donald Trump’s announcement of severe economic tariffs rattled investor confidence. XRP, a top altcoin previously favored for its high-growth potential, saw its price plummet by 10.8%, raising concerns about its ability to deliver explosive returns in the near future. The broader financial markets also felt the impact of Trump’s tariff threats, with volatility spiking across multiple asset classes. This report delves into the implications of these developments for XRP and the wider crypto market.
XRP Price Drops 10.8% as Trump Tariffs Spark Bearish Market
The cryptocurrency market plunged today following renewed fears over former U.S. President Donald Trump’s announcement of severe economic tariffs, shaking investor confidence. XRP, one of the top altcoins previously targeted by investors for big gains, saw its price slide, causing concerns that its potential for explosive returns might be severely limited. Trump’s tariff threats have unleashed carnage on financial markets, and the volatility has not spared crypto investors. XRP’s Relative Strength Index (RSI) dipped below, teetering into oversold conditions, but the broader market instability has traders threading with caution.
Tokenized Assets Projected to Surge to $19 Trillion by 2033: Ripple Report
A collaboration between Ripple and Boston Consulting Group projects that tokenized real-world assets will grow from $0.6 trillion in 2024 to $18.9 trillion by 2033. This surge reflects a fundamental transformation of global financial infrastructure driven by regulatory clarity, mature technology, and institutional momentum. Tokenization is expected to reshape global finance by enabling faster and interoperable financial infrastructure for real-world assets like bonds and real estate.
XRP Eyes Rebound After Hitting Oversold Levels
Despite a bearish setup on the Ichimoku Cloud, XRP has the potential for a short-term bounce if momentum builds. However, strong resistance zones remain, and whether the rebound can be sustained will depend on technical breakouts and broader market sentiment. The Relative Strength Index (RSI) for XRP is currently at 44.24, bouncing back from 17.80, its lowest level in weeks. This rebound follows news about Trump considering a 90-day pause in tariffs for all countries except China. The RSI was at 46.97 just a day ago, reflecting the sharp volatility XRP has experienced during the recent market sell-off.
Ripple Predicts $18.9 Trillion Tokenized Assets by 2033
Ripple has revealed that tokenized assets are projected to surge from the current $0.6 trillion to $18.9 trillion by 2033. The study forecasts that $9.4 trillion will be achieved within 2030 with a compound annual growth rate (CAGR) of 53%. Tokenization involves transforming physical assets such as real estate, bonds, and private credit into tokens, making them available for trading around the clock and divisible into smaller portions. The shift is attributed to regulation, institutional adoption, and the development of faster, interoperable financial infrastructure.
