XRP News: XRP Price Skyrockets 13% After ETF Launch and Trump’s 90-Day Tariff Pause – Is a 33% Surge Next?

XRP has had quite the week, jumping 13% and briefly reclaiming the $2 mark after two big developments: the launch of the leveraged XXRP ETF on NYSE Arca and a surprise 90-day pause on most US tariffs, announced by President Trump. These back-to-back headlines gave XRP a strong push, with traders cheering both the growing TradFi interest and the easing trade war tensions. But while the move brought some much-needed excitement to the market, the charts are flashing warning signs that this rally might be on borrowed time.

XRP ETF Launch Lights a Fire, But Chart Patterns Say “Wait”

The XXRP ETF kicked off with a bang, pulling in $5 million in trading volume on day one, a solid debut by any measure, especially in this shaky market. That said, even as bullish headlines rolled in, XRP was already showing signs of strain. The XRP price fell below the critical $2 support level, which had held strong for weeks. Now, a descending triangle pattern dating back to December is signaling a possible drop to $1.20 if support levels like $1.81 and $1.71 don’t hold. That’s a 33% slide from where XRP was just days ago.

Tug-of-War Between Bulls and Bears Gets Tense

On one hand, the XRP ETF launch and Trump’s tariff pause are undeniable positives. On the other hand, bearish technical setups, like a textbook head-and-shoulders and an Elliott Wave correction, are telling a very different story. Analyst Peter Brandt even suggests XRP could fall to $1.07.

Chart 1 – Published on CasiTrades, April 10th, 2025

This chart from CasiTrade maps out a possible five-wave drop toward the $1.50–$1.55 range. The RSI downtrend and lower highs make it hard to ignore. With all these crosscurrents at play, let’s dive into what the latest XRP price action is telling us.

XRP Price Action Analysis of April 10, 2025

XRP price traded within a tight range between $1.83 and $1.89 for most of April 9, showing low volatility and consolidating within a well-defined horizontal channel. RSI during this phase hovered near the oversold region, and MACD oscillated with frequent golden and death crosses, indicating weak momentum. A significant bullish spike occurred around 17:00 UTC, breaking out of the range as buying pressure surged. This rally pushed XRP to a local high above $2.05, breaching multiple intraday resistance levels. However, the price soon met strong rejection at the $2.10 mark, which now acts as a critical resistance level.

Chart 1, Analyzed by Alokkp0608, published on April 10th, 2025

Following the spike, XRP faced consistent selling pressure, triggering a slow decline toward the $1.98 region. The RSI cooled off from overbought territory and dipped below 50, reflecting waning bullish momentum. MACD also confirmed bearish signals with successive death crosses, further supporting the ongoing downtrend.

Notably, even with the price having been repeatedly oversold, it has been unable to generate momentum on the upside, highlighting that bears are still present in the market. The support level around $1.82 is an important area of defense for bulls to defend. As XRP continues to consolidate between $1.98 and $2.10, traders should pay attention to any MACD crossovers or any divergence in the RSI for clues that may lead to the next move.

Conclusion: XRP’s Next Move Hinges on Key Support Levels

XRP price 13% price jump brought some much-needed excitement to the market, but that momentum is starting to fade. The rejection at $2.10 and the shift in RSI and MACD suggest the rally might be running out of steam. Yes, the XRP ETF launch and Trump’s tariff pause news gave XRP a strong boost, but the charts tell a different story. If XRP can’t hold above $1.82, things could turn south quickly, with downside targets like $1.71 or even $1.55 back in play. For now, it’s a waiting game. Traders should stay alert because XRP’s next big move could come fast, and it all depends on whether this key support level holds.