Why Is XRP Down Today? Trump’s Trade War Triggers Sell-Off As Price Hits Five-Month Low
Posted On April 7, 2025
XRP (CRYPTO: XRP) plunged to $1.65 on Monday, its lowest price since November of last year, as investors fled crypto markets amid escalating global trade tensions sparked by U.S. President Donald Trump’s newly imposed tariffs.
The so-called “Liberation Day” tariffs, issued April 2, introduced sweeping duties on imports from China, Canada, and Mexico—including a 20% tax on Chinese goods and 25% on steel and aluminum. The policy has rattled global financial markets and triggered a sharp risk-off response from investors, sending major cryptocurrencies, including XRP, into a steep correction.
XRP has lost nearly 25% of its value in the past month, dropping 12.3% on Monday alone after a 10.4% plunge Sunday. …
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