Trump's Tariff Chaos: XRP Plummets to a 5-Month Low
Trump’s tariffs have sparked a wild trade war and sent XRP crashing down to $1.67 – the lowest it's been in five months. Basically, all the tariff drama has flipped the crypto scene upside down. XRP dropped a whopping 25% in just a month as trade war fears and nonstop sell-offs swept through the market, with around $47 million worth of XRP getting liquidated.
Experts say that by 2025, XRP could bounce back somewhere between $3 and $27, but if the trade war stress keeps piling up and support levels fail, it might even dip down to around $1.
As of April 7, 2025, XRP – the crypto linked to Ripple Labs – is trading at just $1.6775, marking a steep decline since November 2024. This sudden nosedive has left investors scrambling with questions: “Why is XRP crashing, and how far down can it go?” What’s behind this rapid sell-off in a market that had looked set for growth earlier this year?
The main culprit seems to be a mix of big-picture economic issues. U.S. President Donald Trump’s hefty tariffs and the escalating global trade war are at the heart of it. And it’s not just XRP feeling the heat – Bitcoin has dropped 7% to $77,077 and Ethereum is down to $1,538 as risk-off market vibes take over. Since XRP often moves with the overall crypto trends, it’s caught in the storm too.
Today’s XRP Price Hits Its Lowest Since November 2024
Right now, XRP – the fourth-biggest cryptocurrency by market cap – has lost over 25% of its value in the past month. As of Monday, April 7, 2025, one XRP is worth about $1.67 – the lowest we’ve seen since November 2024, which was five months ago.
XRP’s market cap has slid by 17% to $102.5 billion. Despite the overall drop, trading volumes have skyrocketed over the last 24 hours because of massive sell-offs – about $7.65 billion traded, which is a 261% jump!
On Sunday, XRP’s price fell by 10.4%, and then tumbled another 12.3% on Monday.
According to Coinglass data, roughly $968 million in bullish crypto bets were wiped out in the last 24 hours – that includes $321 million for Bitcoin and $269 million for Ethereum. While XRP’s liquidation numbers aren’t as big, they’re still high at about $47 million.