{"id":126821,"date":"2025-04-09T19:16:22","date_gmt":"2025-04-09T19:16:22","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126821"},"modified":"2025-04-09T19:16:22","modified_gmt":"2025-04-09T19:16:22","slug":"xrp-price-gains-13-after-trump-90-day-tariff-pause-and-xxrp-etf-launch","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126821","title":{"rendered":"XRP price gains 13% after Trump 90-day tariff pause and XXRP ETF launch"},"content":{"rendered":"

Source: Cointelegraph.com NewsXRP (XRP) price is up 13% on the day, trading above the $2 level after President Donald Trump announced a 90-day pause on all reciprocal tariffs, except for China, which saw an additional 125% hike in response to their counter-tariffs against the US. XRP\u2019s rally comes on the heels of additional positive news and the XXRP ETF being launched on the New York Stock Exchange (NYSE) Arca.\u00a0
\nDespite the positive macroeconomic and TradFi crypto adoption news, XRP charts still caution that a sharp price downside could lie ahead.
\nDescending triangle pattern hints at a 33% drop
\nSince December 2024, XRP price has been forming a potential triangle pattern on its daily chart, characterized by a flat support level mixed with a downward-sloping resistance line.
\nA descending triangle chart pattern that forms after a strong uptrend is seen as a bearish reversal indicator. As a rule, the setup resolves when the price breaks below the flat support level and falls by as much as the triangle\u2019s maximum height.
\nThe price dropped below the triangle\u2019s support line at $2 on April 6, confirming a potential breakdown move. In this case, the price may fall toward the downside target at around $1.20 by the end of April, down 33% from current price levels.
\nXRP\/USD daily chart. Source: Cointelegraph\/TradingViewXRP\u2019s descending triangle target echoes trader CasiTrade’s prediction that the altcoin could drop as low as $1.55 due to a \u201ctextbook\u201d Elliott Wave Theory analysis.
\n\u201cRight now, $1.81 is a critical level to break in this plan,\u201d the trader said in an April 8 post on X, adding that if the price loses that level, it would confirm a deeper move.
\nAccording to CasiTrades, the next level to watch would be $1.71, where the price would pause temporarily before the \u201cprojected final low\u201d at $1.55.
\n\u201cKey zone: $1.55 is the golden retracement and the likely end to this entire corrective W2.\u201d
\nXRP\/USD 15-minute chart. Source: CasiTradesThe bearish outlook mirrored veteran trader Peter Brandt\u2019s prediction that XRP price could decline to $1.07 due to a \u201ctextbook\u201d head-and-shoulders pattern forming on the daily chart.Related: Ripple acquisition of Hidden Road a \u2018defining moment\u2019 for XRPL \u2014 Ripple CTO
\nCould XXRP ETF launch avert an XRP price sell-off?
\nDespite the launch of the XXRP ETF on NYSE Arca on April 8, 2025, XRP\u2019s price remains precarious due to a mix of market dynamics and escalating trade wars.\u00a0
\nThe 2x leveraged ETF, designed to amplify XRP\u2019s daily returns, debuted amid heightened volatility, with XRP trading at around $1.71 after a 7.4% drop in 24 hours.\u00a0
\nThe XXRP ETF attracted $5 million in first-day volume, in what Bloomberg ETF analyst Eric Balchunas termed a commendable achievement considering the ongoing tumult in crypto and other global markets.\u00a0
\nAlthough this was 200x less than the volume posted by BlackRock’s IBIT ETF on day one, this performance puts XXRP in the top 5% of new ETF launches.
\nSource: Eric BalchunasBeyond the XXRP ETF, macroeconomic factors, notably US President Donald Trump\u2019s reciprocal tariffs, take center stage this week, threatening further volatility across crypto markets.\u00a0
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsXRP (XRP) price is up 13% on the day, trading above the $2 level after President Donald Trump announced a 90-day pause on all reciprocal tariffs, except for… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126821"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126821"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126821\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126821"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}