XRP Price Crashes to $1.69! Expert Warns of Further Plunge after Trump’s Tariffs-Led Crash

XRP investors are navigating hot waters as the coin was sent reeling down early on Monday. The entire crypto market crashed after President Trump’s tariff announcement. Trump imposed retaliatory tariffs on nearly every country across the globe. However, during these testing times, one expert is urging caution. Prominent crypto analyst  Oscar Ramos has expressed strong belief that the XRP price could fall further before making a recovery. 

Chaos Erupts as Crypto Market Crashes, XRP Plunges Deep

Financial markets around the globe have collapsed after the announcement of President Donald Trump’s tariffs on almost every country. These retaliatory tariffs have caused a market shakeup. Ramos noted that the U.S. stock alone lost an astounding $1.65 trillion. XRP, among other cryptos, experienced a sharp decline, dropping from a recent high of $2.23 to $1.99. Despite the dramatic fall, Ramos encouraged viewers to stay calm and look for opportunities. “Are you tired of winning? It’s too good, man,” he said. 

What’s Next In XRP Price Action?

Ramos pointed out the formation of a bearish technical pattern known as the “Three Black Crows”. This pattern indicates further downward pressure, which means XRP may dip further before mustering any significant positive movement. He used the Relative Strength Index (RSI) to confirm that XRP has still not entered the oversold zones today. This further validates the prediction that XRP may drop further. According to him, the last time this happened was in July 2024. For XRP to enter the oversold zone, a further decline to around $1.50 to $1.60 could occur. 

However, Ramos has spotted the silver lining for XRP. He emphasized that the XRP price staying near the $2 mark rather than diving deeper is already a victory. “Just the fact that we are at this level and not $1.8 per se, that’s a major win,”. Looking ahead, Ramos predicts a rocky road for the crypto market. The ongoing uncertainty will test investors’ risk appetite but also enhance crypto adoption. With that in mind, let’s take a look at the latest XRP action and try to form a price prediction for today.

XRP Price Analysis: XRP Falls by 40%!

XRP commenced trading at $2.15 on a gradual uptrend, going up with the help of a golden cross from the previous day. However, at 1:30 UTC, a trend reversal occurred and a downtrend ensued. The slow downtrend led XRP to find support at $2.08 at 8:15 UTC. XRP seemed to consolidate around that level for a while, but failed to showcase any positive movement. At 11:00 UTC, it abandoned the support to fall further, finding a base at $2.045. It climbed up soon after, trying to go past $2.10 resistance, but failed to do so. 

Chart 1: published on TradingView, April 7, 2025

The buying pressure fell rapidly, and so did XRP. From $2.09 at 15:05, the XRP price declined to $1.866 at 23:30. As April 7 began, XRP fluctuated rapidly, trying to recover. But the bears took full control of the situation as XRP plunged once again, going from $1.94 at 3:05 UTC to $1.66 by 8:20 on April 7.

XRP Price Prediction: When Can We Expect a Reversal?

The crypto market crash is proving to be brutal for all coins alike. XRP, especially, has seen an unprecedented drop, falling by almost 40%. Given that, a price correction is on the cards. But it seems like this coveted XRP price reversal will be seen in the latter half of the day. With a death cross opening up on the charts and the selling pressure dominating, it looks set to drop to a level close to $1.50.