XRP Crashes to $1.81—Can It Bounce Back to $2 After Trump Shock?

President Donald Trump’s announcement of a wide-ranging policy on tariffs which would affect more than 100 countries led to plunges in most of the world’s financial markets. This action has significantly dropped global stocks and cryptocurrencies as well.

Within a few hours, U.S. markets were down by at least an estimated $1.65 trillion in value. Bitcoin and altcoins went down sharply as a result of this ripple impact within digital assets. XRP, specifically, fell from a recent peak of $2.23 to $1.81, indicating a sharp 17% decline over a 24-hour period.

XRP Price Action and Trading Volume

XRP was priced at $1.76 at press time, supported by a 24-hour trading volume of more than $6.25 billion. With 58 billion tokens in circulation, the asset maintains a market capitalization of around $102.7 billion.

The drop has been among the steepest in the past week, with a total 7-day decline nearing 16%. Commenting on the price movement, crypto analyst Oscar Ramos noted, 

“There’s a clear link between the timing of Trump’s statement and the market reaction — XRP didn’t just fall by chance.”

let's start with a smile $XRP HOLDERS 👀

Are you tired of buying the XRP DIP?! pic.twitter.com/WWKJwhxHpN

— Oscar Ramos (@realOscarRamos1) April 3, 2025

The crypto market experienced over $550 million in liquidations within the same day, with Bitcoin sliding from $88,000 to $81,000 in a short span. For XRP, long positions worth $15 million and short positions worth $6 million were liquidated, showing how fast the market turned.

Ramos pointed to a negative chart pattern forming on XRP’s daily chart, known in technical analysis as the “Three Black Crows.” This pattern often points to a continuation of downward trends. Ramos added, 

“Looking at where we are on the RSI, there’s still room for XRP to fall before buyers step in more confidently. We haven’t reached oversold territory yet.”

Support Levels and Market Behavior

The analyst also referenced earlier support levels seen during trade-related developments earlier in the year, including moves involving Canada, China, and Mexico. At those times, XRP reacted near the $1.90 and $1.70 marks.

This time, the price action has been more volatile, but so far, $1.80 has held up as a soft floor. “We’ve seen worse drops in similar conditions,” Ramos explained. “If XRP manages to hover around $1.80 instead of crashing lower, that’s not ideal — but it’s not disastrous either.”

Investors Waiting for Market Direction

Looking forward, market watchers are cautious. The current landscape is shaped more by macroeconomic events than by crypto-specific news. Ramos mentioned that he’s not adding new XRP positions until the market gives more stable signals. “Right now, I’m focused on stacking Bitcoin,” he said. “With XRP, I’m watching but not rushing in.”

The launch of Ripple USD (RLUSD) on Kraken may add some long-term optimism, but current conditions are keeping traders alert. Crypto.com CEO Kris Marszalek also commented that the market is going through a “test of patience” for most investors.

Whether XRP can climb back toward $2 may depend on how it performs around the $1.80 mark in the coming days. For now, buyers are approaching the asset with caution as they wait for signs of recovery.