The price of XRP today, April 7, is disrupted due to the merchant’s concerns about the Black Monday event after President Trump’s tariff and commercial policies. At the time of the press, Ripple decreased by 15 % trading at $ 1.80, which is the lowest price in two months.
Trump’s tariff raises concerns “Black Monday”
XRP price decreases today as investors expect a deep correction across the financial markets. The data from Google Trends shows that search sizes for the term “Black Monday” have risen. This scale has risen to 100, as investors are still concerned that today’s declines may reflect the decline in the 1987 historical stock market.
It follows the gossip “Black Monday” a Crypting market crashes With the total market ceiling decreased by 9 % to $ 2.4 trillion. Meanwhile, the US Securities Market is heading to one of the worst days of its circulation after the future of the S&P 500 decreased by 2.88 %.
The brutal sale comes as traders reduce their exposure to the origins of risk due to the customs tariff that sparked a trade war between the United States of China.
According to CNN, Trump addressed the market concerns on Sunday, saying he was “open to talk”, but he did not reveal any plans to alleviate his policies. He said ,
“What will happen with the market? I can’t tell you, but I can tell you, our country has become much stronger, and in the end it will be an unparalleled country.”
Since this customs tariff affects the financial markets, the price of XRP is witnessing one of the most brutal sale of this year, as it raises the increasing rise in fears related to a decline to one dollar.
The rising qualifications rise to 40 million dollars
Data from Coinglass A huge increase in the qualifiers appears, as more than $ 40 million is eliminated on XRP. 36 million dollars of straining situations were long, causing additional pressure on the sale side of the price of XRP.
At the same time, Open Ripple interest Less than $ 3 billion decreased while negative financing rates turned. This indicates the presence of the descending market morale because the open sellers expect that they will be drowned in more host buyers.
XRP price analysis as 44 % of the collapse waving on the horizon
The price scheme for one day shows that the price of XRP has decreased from the main support area. After violating this area, Ripple also decreased to less than 200-SMA, confirming the shift of the trend from ascending to landing.
Meanwhile, SMA for 50 days formed a declining cross with SMA for 150 days. Once this intersection is confirmed, the XRP price faces a sharp drop.
Technical indicators support this prediction of the XRP decline. The relative strength index has decreased to 30, indicating intense sale pressure. However, the excessive RSI may also indicate that the declining direction is close to fatigue.
Since these declining trends prevail, the XRP price may be 44 % to $ 1. These expectations are in line with the feelings shared by Top Trader Peter Brandt. He indicated that XRP decrease to $ 1 He was brewing if you lost support in this critical support area.
Related questions (common questions)
The price of XRP decreased today due to brutal sales across the financial markets. President Trump’s tariff has been aggressively to investors as many sell to reduce losses.
Black Monday was derived from the collapse of the huge stock market in 1987. The term is used to describe extensive sales across the financial markets.
The price of XRP can decrease to less than one dollar if it decreases less than the support area. This decrease will cause additional pressure on the sale side.
Metouni
Muthoni Mary is an analyst and writer in the veteran encryption market that has more than three years of experience in dissecting Blockchain trends, price movements, and market dynamics. Through the acute eye of technical analysis and an in -depth understanding of the scales on the series, it provides insightful -based content that helps investors to move in the world of fast -paced digital assets.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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