XRP price crashes to $1.61 on Black Monday 2025 as inverse cup and handle pattern prints. At spot rates, XRP is down 45% from 2025 highs and risks plunging some more. Meanwhile, Ripple whales have been selling, worsening the situation now that Donald Trump is implementing reciprocal tariffs.
It’s a tough start to the week for the crypto market. With XRP, Bitcoin, Ethereum, and meme coins facing intense pressure, it’s understandable why investors are anxious. As of April 7, XRP is trading below critical support after weeks of sideways consolidation.
XRP Price Analysis: More Pain for Traders?
On the daily chart, XRP fell to $1.61 earlier today, hitting a new 2025 low as sellers finally broke below February lows. As sellers prepare to press harder, there’s a real risk of prices extending losses and reversing the gains of Q4 2024.
In January, XRP surged to as high as $3.40, cementing its position in the top 10. However, the tide is turning at press time, and the technical candlestick arrangement favors sellers.
(XRPUSDT)
XRP is currently down 45% from January highs. If the sell-off intensifies today, the coin could slip as low as $1.31 in a bearish breakout continuation formation.
This drop may mark the start of another leg down to $0.50, which would be catastrophic for some of the best meme coins to buy.
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XRP/USD Bearish as Inverse Cup and Handle Formation Prints
On TradingView, analysts note that a textbook bearish formation is printing out on the daily chart.
From his analysis, an inverse cup and handle formation is taking shape. This pattern is often seen as a harbinger of sharp price losses and typically forms after a period of sideways consolidation that may indicate distribution.
If prices edge lower in the coming trading days, confirming the losses of April 6 and 7, XRP will likely slide to $1.50 and later $0.50, as mentioned earlier.
Conversely, if buyers step in and reverse the losses of the past two days, the reaction around $2 will shape the short- to medium-term trend.
Critically, the XRP/USD price must rally above the April 6 high of around $2.20 for the uptrend to take shape. In that case, further demand from buyers could drive prices above $3 and later to the 2025 high of $3.40.
Will Ripple Withstand Tariff Shock? XRP Whales Selling
Still, the pace of this recovery will depend on how the broader crypto market and investor community navigate Donald Trump’s tariffs.
On April 2, the president announced sweeping tariffs impacting over 60 countries.
China, India, Taiwan, the European Union, and all other economies will be affected.
In response, these tariff announcements triggered a chain reaction across financial markets. XRP and some of the best cryptos to buy were not spared.
Although Trump and the executive defended these tariffs, claiming they protect American companies, the sell-off in equities and the crypto market paints a different picture.
For Ripple and XRP, the situation could worsen now that whales are also offloading, compounding the current stock market storm.
(Source)
Since late 2024, on-chain data show that XRP whales have been aggressively selling.
Considering how vital whales are to crypto valuations, their offloading suggests they anticipate a market downturn in the future, which doesn’t bode well for the situation.
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XRP Price Collapses On Trump Tariffs, Ripple Whales Selling
- XRP price crashing, drops to $1.61
- XRP price down 45% from 2025 highs as inverse cup and handle pattern prints
- Will Trump tariffs trigger more sell-offs
- Ripple whales have been offloading since late 2024
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