In Thursday’s volatile trading session, XRP demonstrated resilience by finding support at the $2 level despite significant market-wide sell-offs. The cryptocurrency, which dipped to approximately $2.06 as of 3:15 PM ET on April 4, 2025, lost 4.7% of its value in a 24-hour period. This decline mirrors broader market movements, with itcoin">Bitcoin and Ethereum experiencing similar downward pressure, dropping 5.1% and 5.9% respectively. The market turbulence follows President Trump’s announcement of new tariffs, including a 10% import tax on all foreign goods starting April 5, which has dampened investor sentiment across both cryptocurrency and traditional markets.
While XRP’s fundamentals remain largely unaffected by the tariffs directly, the asset’s price action reflects growing integration with macroeconomic factors. As cryptocurrencies continue their path toward mainstream adoption, they increasingly respond to traditional economic pressures rather than operating as isolated alternative investments. Technical analysis suggests XRP may be forming a symmetrical triangle pattern that could signal a bullish breakout, with some analysts projecting potential targets as high as $3.51, representing a 73% increase from current levels.
Ripple’s strategic integration of its USD-pegged stablecoin, RLUSD, into its payments platform appears to be strengthening XRP’s utility proposition. The stablecoin’s market capitalization has surged to $244 million, marking an impressive 87% growth in March alone. This development positions Ripple to capture a significant portion of the $230 billion cross-border payments market and potentially drive XRP’s valuation higher. As market participants navigate ongoing uncertainties, XRP’s stabilization around the $2 support level suggests underlying strength despite immediate selling pressure, with analysts maintaining cautiously optimistic outlooks while acknowledging the inherent volatility of cryptocurrency markets.
