XRP Slides to $1.61—Market Fears a Meltdown

• XRP plunges 20% to $1.61 amid global sell-off.

• Trump’s tariff speech sparks $40M XRP dump in hours.

The cryptocurrency market is facing heavy pressure. In the last 24 hours, XRP has dropped by 20%. It fell to $1.61, marking its lowest point in two months. Currently, XRP is trading at $1.89. This crash has caused panic among traders and investors.

XRP Faces Extreme Selling After Tariff Speech

The price of XRP experienced its dramatic decrease right after a significant political development. United States President Donald Trump delivered an announcement about “Liberation Day” on April 2. The opening remark of this speech revealed stringent trade fees. The international trade duties were specifically directed at Chinese imports along with others. Global financial markets produced a negative response to the situation. He also threatened additional 50% tariffs on China. Both stocks and cryptocurrencies started to decrease sharply in value.

The situation worsened significantly when China rolled out equal trade restriction tariffs. The tariff war happening between these two economic giants created international anxiety about worldwide economic decline. Numerous economic analysts predict that the United States might encounter a significant economic slowdown during this current year.

During the price crash of XRP, an extreme wave of selling activity followed. The total amount of XRP sold during a single day exceeded $40 million. In the span of one day there were rapid sales that matched the financial downturns observed during the 1987 “Black Monday” event. The market respond with fear because of this development. The market decline makes investors concerned that they will lose additional funds.

The president continued to defend his established decisions. During the weekend he maintained his position on continuing the trade tariffs when speaking to journalists. According to him the United States requires fixing its trade deficit before implementing border deregulations. The announcement heightened financial world uncertainties further.

On Monday the cryptocurrency market experienced profound losses across the board. Bitcoin dropped to $74,560. Ethereum also fell to $1,411. The investment community’s confidence levels plummet due to these numbers representing the strength of the tariff impact.

The spreading anxiety triggered increased searches for “Black Monday” on Google Trends. The current data indicates that more investors remain concerned about facing a new economic meltdown like those of the past. Investors worry about deteriorating trade situations because they anticipate increasing financial losses in the future.

Another major concern is market volatility. Since the start of April, market prices exhibited excessive volatility, which exceeds their regular movement levels. Market prediction becomes more difficult because prices move with high volatility. Numerous investors decide to sell their assets to reduce their exposure to danger.

Higher risk investments, especially digital currencies, encounter the worst impact during these times. Investors flee from such assets when markets experience doubtful periods. During uncertain times, investors select protected investment choices, which include gold together with government bonds.

XRP stands among the top cryptocurrencies and suffers significant loss because of market conditions. Selling pressure keeps rising. The XRP token faces potential sustained decline according to market prediction until stability emerges in the currency market. Analysts predict that XRP prices might hit a new low below $1.50 in the following days.

The XRP price crash happens directly because of escalating trade conflicts and unpredictable economic guidelines. The situation remains unstable. Digital currencies, including XRP, will struggle because the ongoing trade conflicts and unstable worldwide market conditions continue to persist. Investors should exercise caution by following future political and economic trends.