XRP Price This Week: Trump’s China Tariff Shock Impact
The post XRP Price This Week: Trump’s China Tariff Shock Impact appeared on BitcoinEthereumNews.com.
XRP price fell hard in the last 24 hours after a macro shock. President Donald Trump announced 100% tariffs on all Chinese imports starting on November 1, and investors cut risk fast. The move hit the broader market, not just XRP. Selling accelerated as derivatives positions unwound and liquidity thinned across major venues. XRP Price Breaks Key Support After Tariff Shock In XRP news, price lost its footing at the $2.75 area, a key base during recent consolidations. Sellers then pushed price below the 50-day and 200-day trend averages, near $2.91 and $2.57. These moving averages help traders gauge trend direction. A break below both often signals fading momentum and invites follow-through selling. Price also rejected a descending trendline near $3.00 shortly before the slide. That failure aligned with the loss of $2.75 and confirmed a bearish break in structure. Order books showed thin bids during the drop. That gap allowed stop-losses to cascade as market orders met limited support. Exchange data indicated heavier activity around XRP and ETH pairs, in further news. Traders moved tokens from cold storage to exchanges, which often precedes forced selling. Analysts said the latest Ripple XRP price pattern matched past macro-driven flushes. They pointed to liquidity gaps and momentum unwinds rather than a single whale event. Crypto Market Liquidations Hit Record $9.4B | Source: Coin Bureau, X XRP Price Levels to Watch Ahead Former support at $2.75 for XRP price turned into near-term resistance. Bulls would need a daily close back above that shelf to brighten momentum. The next cap sits at the round $3.00 mark. A reclaim there would suggest sellers lost control of the breakdown zone. Below spot, the first notable cushion sits near $2.20 for the Ripple coin. Price reacted there several times over the past year and drew responsive bids.…
Filed under: News - @ October 12, 2025 5:16 am