XRP Value Might Plummet With Black Monday: Crucial Pattern Triggers Bear Trading market Alerts for XRP

XRP value plummets to $1.61 on Black Monday 2025 as an inverse cup and handle pattern emerges. Currently, XRP has dropped 45% from its 2025 peaks and risks further declines. In the meantime, Ripple whales are liquidating their holdings, exacerbating the situation as Donald Trump enforces reciprocal tariffs.

It’s a challenging beginning to the week for the digital currency market. With XRP, Bitcoin, ETH, and various meme coins under severe pressure, it’s no surprise that investors are feeling uneasy. As of April 7, XRP is trading below key price floor levels following weeks of sideways movement.

XRP Price Overview: Additional Struggles for Traders?

On the daily chart, XRP dropped to $1.61 earlier today, marking a new low for 2025 as sellers broke beneath February’s lows. As sellers gear up to intensify their efforts, there is a legitimate risk that prices will deepen losses and undo gains made in Q4 2024.

In January, XRP skyrocketed to $3.40, solidifying its top 10 position. However, the momentum has shifted at the time of this report, with the technical candlestick structure favoring sellers.

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XRP is presently down 45% from January’s peaks. Should the selling pressure escalate today, the token could drop to $1.31 as part of a pessimistic breakout continuation scenario.

This decline may initiate another drop towards $0.50, which would be disastrous for some of the top meme coins to purchase.

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XRP/USD Downtrend Trend as Inverse Cup and Handle Formation Develops

On TradingView, analysts observe that a classic downtrend pattern is forming on the daily chart.

According to the analysis, an inverse cup and handle formation is taking shape. This pattern is typically regarded as a precursor to significant price declines and usually appears after a period of sideways consolidation that may signify distribution.

If price levels continue to decline in the upcoming trading days, confirming losses from April 6 and 7, XRP is likely to move down to $1.50 and subsequently to $0.50, as previously noted.

Conversely, if buyers intervene and reverse the losses experienced in the last two days, the response around the $2 mark will determine the trend for the short to medium term.

Importantly, XRP/USD must surge above the April 6 peak of approximately $2.20 for an upward trend to develop. If this occurs, increased buying buyer interest could push prices beyond $3 and eventually reach the 2025 peak of $3.40.

Can Ripple Weather Tariff Shock? Selling from XRP Whales

Nonetheless, the speed of recovery will hinge on how the wider crypto market and investor community respond to Donald Trump’s tariffs.

On April 2, the president revealed extensive tariffs affecting over 60 nations.

Countries including China, India, Taiwan, and the European Union will be impacted.

In reaction, these tariff announcements initiated a ripple effect across financial markets. XRP and several of the top cryptocurrencies to buy were not exempt.

Despite Trump and the administration’s defense of these tariffs as a means of safeguarding American businesses, the dump in equities and the market suggests otherwise.

For Ripple and XRP, the outlook may worsen as whales are also dumping their holdings, which compounds the existing turmoil in the stock market.

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Since late 2024, on-chain analysis indicates that XRP whales have been actively offloading their assets.

Given the importance of whales to digital currency valuations, their selling activity implies they anticipate a downturn in the trading market, which is troubling for the current state of affairs.

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The article XRP Price Could Collapse With Black Monday: Key Pattern Rings Bear Market Alarms for XRP first appeared on 99Bitcoins.