Crypto News XRP: Price Decline Amid SEC Silence and Trade Tensions
XRP is having a hard time in the market currently. As of writing, XRP Price has declined to $1.82, losing 14.35% within a single day. According to CoinMarketCap , the altcoin has lost 12.38% in the past 7 days, and 22.93% over the last month. The market cap is currently at $106.14 billion, with a 24-hour trading volume of $6.73 billion. This indicates that both short-term and long-term users are worried about the future of the token.
Source: CoinMarketCap
Why is XRP Dropping: SEC Silence and Global Tariff Tensions Are Shaking Investor Confidence
One major reason behind XRP recent price crash is the Securities and Exchange Commission’s silence on its appeal in the Ripple SEC news. Even though Ripple’s CEO Brad Garlinghouse claimed the SEC might withdraw its appeal, nothing official has been announced. Investors are getting worried about this holdup. Adding to the uncertainty, recently Acting Chair Mark Uyeda said the SEC would consider reviewing the 2019 crypto guidelines, which are extremely pertinent in the Ripple case. This review could introduce changes, but for now, it's creating more uncertainty.
Ripple has already agreed to a $50 million settlement and dropped its own cross-appeal. Now, everything depends on the final decision. The next SEC closed meeting on April 10 could be crucial. If they vote (possibly 2-1) to withdraw the appeal, it may help the coin bounce back. But for now, the lack of clarity is keeping the community nervous.
At the same time, global economic news is not helping. The U.S. is rolling out new tariffs on April 9, following President Trump’s earlier announcement of 10% baseline tariffs. Countries like China, the EU, and Japan are also responding with their own tariffs. This is increasing fears of a global trade war, which could hurt crypto and coin markets even more. XRP, like other tokens, is affected by this rising tension as it becomes more connected to global stock markets.
Will XRP Recover? A Look at Predictions and Market Sentiment
According to data from Polymarket , there is only a 10% chance that the altcoin will reach $2.10 by April 11. This shows that many in the community are losing trust in the project and platform's short-term potential.
Source: Polymarket
XRP Price Prediction : From a technical point of view, the altcoin recently dropped from around $2.16 to its current level, showing strong bearish pressure. It broke below important support levels at $1.90 and $1.85. If the price keeps falling, XRP might test the next support zone at $1.72. A further drop could bring it down to $1.60, and maybe even $1, based on past market behavior.
Source: TradingView
However, there’s still some hope. If the coin manages to hold around $1.80 and bounce back above $1.88, it might begin a recovery. A close above $2.05 would snap the current downtrend and could drive the price back to $2.15 or even $2.25 if big buyers come back in force.
Conclusion
XRP price decline is attributed to a combination of SEC delays and increasing trade tensions around the world. Although the market appears to be weak at present, a turnaround may be swift if the SEC formally withdraws its claim or international tensions dissipate.
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