The cryptocurrency world is no stranger to volatility, but the past week has thrown XRP holders into a whirlwind of uncertainty. A dramatic market “bloodbath” triggered by U.S. President Donald Trump’s sweeping tariff announcement on April 2, 2025, has left global financial markets—and XRP—reeling. With the asset’s price teetering on the edge, analysts are weighing in on whether XRP can claw its way back to $1 or if it’s destined to stagnate, possibly even adding a disheartening zero to its value. Here’s the latest on this unfolding saga.
Trump’s Tariff Bombshell Shakes the Market
On what’s been dubbed “Liberation Day,” Trump unveiled a bold plan to impose tariffs on virtually every country trading with the U.S. The fallout was immediate: the U.S. stock market shed $1.65 trillion, and cryptocurrencies, including XRP, weren’t spared. XRP, closely tied to cross-border payments, took a significant hit as fears mounted over reduced international trade volumes—a lifeline for Ripple’s ecosystem. Crypto analyst Oscar Ramos noted that XRP’s price dipped into the red zone, with a bearish “Three Black Crows” pattern forming on its daily chart, signaling potential further declines to $1.50 or even $1.60 if it enters oversold territory.
The tariff news has exhausted XRP holders, many of whom had pinned their hopes on a bullish 2025 following Ripple’s legal victories and growing institutional interest. But with trading volumes crashing 56% to $2.25 billion in a single day and long positions liquidated en masse, sentiment has soured. “The market is in panic mode,” Ramos observed, “and XRP’s utility narrative is being stress-tested like never before.”
The $1 Dream: Fading or Within Reach?
Amid the chaos, the question on every XRP holder’s mind is whether the asset can reclaim the $1 mark—a psychological threshold it hasn’t consistently held since its 2021 highs. Some analysts remain cautiously optimistic. Despite the current downturn, XRP’s price sits at $2.05 as of April 7, 2025, down from a March peak of $2.5925. The Relative Strength Index (RSI) suggests it’s not yet oversold, leaving room for a potential rebound if macroeconomic conditions stabilize.
However, darker predictions loom. Veteran trader Peter Brandt has pointed to a head-and-shoulders pattern that could see XRP plummet to $1.07 if support at $1.90-$2 breaks. Even more alarming, some whisper of a “worst-case scenario” where XRP’s value could erode further, potentially dropping below $1 or—dare we say it—adding a zero to hover around $0.30, echoing its pre-bull run days. Such a collapse would hinge on sustained bearish pressure and a failure to reignite investor confidence.
A Glimmer of Hope?
Not all is lost for XRP. Ripple’s ongoing efforts to expand its payment solutions, including the rollout of its RLUSD stablecoin, could bolster the ecosystem if regulatory clarity emerges. Rumors of a BlackRock XRP ETF filing have also stirred excitement, though the SEC’s silence on its appeal plans keeps the community in limbo. If Trump’s tariff stance softens or the Federal Reserve intervenes, risk assets like XRP might catch a tailwind.
For now, XRP holders are left exhausted but resilient, watching key levels like the 200 EMA at $1.94 and praying for a catalyst. Will XRP defy the odds and rally back toward $1, or is the market bloodbath just the beginning of a deeper slide? Only time—and perhaps a tweet from the White House—will tell.
