Is XRP Headed to $1? Price Crashes Below $2 as Trump’s Tariffs Shock Global Markets

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Alejandro Arrieche

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Alejandro Arrieche

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Last updated: 

April 6, 2025

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XRP dropped to $1.64 during the Asian session over the weekend after Donald Trump’s tariff announcement rattled investor sentiment, but partially recovered in early Monday trading.

The broader crypto market also sold off sharply on Sunday as European markets reacted to the renewed trade tensions.

The Fear and Greed Index dipped close to its record low, falling to 17, signaling that market participants remain deep in Extreme Fear territory.

XRP posted a 6.2% loss in the last 24 hours, with trading volumes spiking more than 570% amid heightened volatility.

For the past two months, XRP had maintained a solid base above $1.78, but the token has now broken below that key support level.

With this fresh lower low, the likelihood of further downside pressure has grown, raising the chances that XRP may soon test the $1 mark.

XRP Price Outlook: $1.3 Support in Focus Amid Bearish Momentum

Technical indicators point to growing bearish momentum. The daily chart reveals two dark red bars on the MACD histogram over the past 48 hours, suggesting increasing downside pressure.

Additionally, the Relative Strength Index (RSI) failed to push above the signal line, reinforcing the bearish tone.

Although XRP showed modest recovery earlier today, the rebound may be short-lived, likely driven by a flush of leveraged short positions rather than a true shift in trend.

Unless macro conditions improve, XRP appears vulnerable to further losses.

If the $1.65 support fails to hold, the next downside target lies near $1.30—representing a potential 21% drop from current levels.

A breakdown below that could open the door to a test of $1, a psychological level that may attract additional selling pressure.

Price action toward the end of the U.S. trading session could be key. A move below $1.70 might signal renewed weakness and potentially a new session low.

MACD and RSI Confirm Short-Term Weakness in XRP Price

Momentum indicators continue to show bearish patterns. The MACD’s red histogram bars and the RSI’s inability to cross bullish territory suggest sellers are in control.

Traders should watch for how XRP behaves around the $1.65 and $1.30 levels. If those supports break decisively, a drop to $1 could materialize in the near term.

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