The crypto market took a big hit lately. XRP dropped to its lowest point in five months. This happened right when President Donald Trump rolled out new tariffs. Those tariffs shook up global money systems and shocked investors. It shows how big economic changes can impact the volatile market of cryptocurrencies.
This article gives a detailed analysis of how XRP was affected due to Trump's tariffs.
New tariffs started on April 9, 2025. They hit imports from many countries hard. Chinese goods got slapped with a huge 104% tax. These rules aim to fix trade gaps.
The tariffs made a trade war uglier. Stock markets crashed quick. Cryptos tanked too. XRP, a big coin tied to Ripple’s payment setup, got slammed the most. Investors freaked out and bailed.
The crypto market shrank big-time—30% gone since December 2024. It fell from $3.9 trillion to $2.7 trillion. That plunge shows how scared everyone got over tariffs. Experts say tariffs mess with supply chains and jack up costs. That makes folks ditch risky things like cryptos. XRP took a huge hit as traders dumped it, spooked by a possible global slump.
XRP stands out because it helps move money across borders. Ripple added a new stablecoin, RLUSD, to its system lately. That got people excited earlier this year. Plus, Dubai’s financial regulators gave Ripple a thumbs-up for crypto payments. Confidence grew. But the tariff mess wiped out those gains. XRP sank to a five-month low.
TradingView data shows XRP fell 5% the day tariffs kicked in. Weeks of growth vanished. Other coins like Ethereum and Solana dropped too—some by double digits. XRP’s fall was bigger, though. It’s extra sensitive to trade problems. Ripple’s whole game plan relies on smooth global deals. Tariffs throw a wrench in that.
Trump’s tariff plan gets called an “economic revolution” by some. It’s meant to shield U.S. businesses. But it’s risky. China got hit with an extra 50% tax on top of old ones. Beijing fired back with a 34% tariff boost. This back-and-forth freaks out investors. They worry trade and growth will shrink. Cryptos usually seem like a safe bet against stock market swings. Not this time—they fell right along with stocks.
News from Reuters and Bloomberg paints a grim picture. The S&P 500 hit bear market levels. Bitcoin slipped under $75,000. XRP sits at prices unseen since late 2024. Experts say crypto’s freedom doesn’t protect it when big economic forces take over. This tariff slump proves crypto and regular finance are still tied together.
XRP’s future depends on a few things. If trade fights calm down—maybe with talks led by Treasury Secretary Scott Bessent—hope could return. Ripple’s big moves, like buying Hidden Road for $1.25 billion, might rebuild trust. But if tariffs keep pressing, the drop could drag on. Some even predict XRP might fall another 40%.
Opinions differ. Cointelegraph says expect wild ups and downs unless crypto gets a big boost. Pantera Capital thinks tariff damage might fade if deals get made. Right now, XRP sits at a tough spot. Its path depends on Ripple’s next steps and how trade rules play out.
Trump’s tariffs crashed into the crypto world and showed XRP’s weak spots. As of April 9, 2025, this five-month low reminds everyone how tricky things are for digital coins in a tariff-shaken market. Whether it’s just a short dip or a long slide depends on fixing these big economic headaches.