{"id":21380,"date":"2025-04-09T19:16:52","date_gmt":"2025-04-09T19:16:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21380"},"modified":"2025-04-09T19:16:52","modified_gmt":"2025-04-09T19:16:52","slug":"xrp-price-gains-13-after-trump-90-day-tariff-pause-and-xxrp-etf-launch","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21380","title":{"rendered":"XRP price gains 13% after Trump 90-day tariff pause and XXRP ETF launch"},"content":{"rendered":"
\n

<\/p>\n<\/p>\n

\"XRP<\/p>\n

XRP (XRP<\/a>) price is up 13% on the day, trading above the $2 level after President Donald Trump announced a 90-day pause on all reciprocal tariffs<\/a>, except for China, which saw an additional 125% hike in response to their counter-tariffs against the US. <\/p>\n

XRP\u2019s rally comes on the heels of additional positive news and the XXRP ETF being launched on the New York Stock Exchange (NYSE) Arca.\u00a0<\/p>\n

Despite the positive macroeconomic and TradFi crypto adoption news, XRP charts still caution that a sharp price downside could lie ahead. <\/p>\n

Descending triangle pattern hints at a 33% drop<\/strong><\/h2>\n

Since December 2024, XRP price has been forming a potential triangle pattern on its daily chart, characterized by a flat support level mixed with a downward-sloping resistance line.<\/p>\n

A descending triangle chart pattern<\/a> that forms after a strong uptrend is seen as a bearish reversal indicator. As a rule, the setup resolves when the price breaks below the flat support level and falls by as much as the triangle\u2019s maximum height.<\/p>\n

The price dropped below the triangle\u2019s support line at $2 on April 6, confirming a potential breakdown move. In this case, the price may fall toward the downside target at around $1.20 by the end of April, down 33% from current price levels.<\/p>\n

\"XRP
\n

XRP\/USD daily chart. Source: Cointelegraph\/<\/em>TradingView<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

XRP\u2019s descending triangle target echoes trader CasiTrade’s prediction that the altcoin could drop as low as $1.55 due to a \u201ctextbook\u201d Elliott Wave Theory analysis.<\/p>\n

\u201cRight now, $1.81 is a critical level to break in this plan,\u201d the trader said<\/a> in an April 8 post on X, adding that if the price loses that level, it would confirm a deeper move.<\/p>\n

According to CasiTrades, the next level to watch would be $1.71, where the price would pause temporarily before the \u201cprojected final low\u201d at $1.55.<\/p>\n

\u201cKey zone: $1.55 is the golden retracement and the likely end to this entire corrective W2.\u201d<\/p><\/blockquote>\n

\"XRP
\n

XRP\/USD 15-minute chart. Source: <\/em>CasiTrades<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

The bearish outlook mirrored veteran trader Peter Brandt\u2019s prediction<\/a> that XRP price could decline to $1.07 due to a \u201ctextbook\u201d head-and-shoulders pattern forming on the daily chart.
Related: <\/strong><\/em>Ripple acquisition of Hidden Road a \u2018defining moment\u2019 for XRPL \u2014 Ripple CTO<\/strong><\/em><\/a><\/p>\n

Could XXRP ETF launch avert an XRP price sell-off?<\/strong><\/h2>\n

Despite the launch of the XXRP ETF<\/a> on NYSE Arca on April 8, 2025, XRP\u2019s price remains precarious due to a mix of market dynamics and escalating trade wars<\/a>.\u00a0<\/p>\n

The 2x leveraged ETF, designed to amplify XRP\u2019s daily returns, debuted amid heightened volatility, with XRP trading at around $1.71 after a 7.4% drop in 24 hours.\u00a0<\/p>\n

The XXRP ETF attracted $5 million in first-day volume, in what Bloomberg ETF analyst Eric Balchunas termed<\/a> a commendable achievement considering the ongoing tumult in crypto and other global markets.\u00a0<\/p>\n

Although this was 200x less than the volume posted by BlackRock’s IBIT ETF on day one, this performance puts XXRP in the top 5% of new ETF launches.<\/p>\n

\"XRP
\n

Source: <\/em>Eric Balchunas<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Beyond the XXRP ETF, macroeconomic factors, notably US President Donald Trump\u2019s reciprocal tariffs, take center stage this week, threatening further volatility across crypto markets.\u00a0<\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n