Can Trump Tariffs Turn XRP Into a Bear Market Comedy?! 🤡🐻

by

XRP price is taking a nosedive toward $2 faster than a lead balloon! 🎈 Thanks to Trump’s tariffs tickling the markets, we’ve got declining network activity and bearish indicators all saying, “Hey, what’s up with these prices?”

Ripple price down 25% in 5 days—thanks, Trump! 😂

Ripple (XRP) is being hit harder than a piñata at a kid’s birthday party! 🎉 After a wild week filled with sellers, we’re not just seeing bearish catalysts; we’re practically drowning in market uncertainty! 🌊

First, it was Bybit’s $1.4 billion exploit that turned everyone’s wallet upside down. Now, just when we thought it couldn’t get worse, former U.S. President Donald Trump decided to bring on new tariffs for our friends in Canada and Mexico—set to start on March 1. Thanks for the heads-up, Donald! 👋

These tariffs were supposed to fix trade imbalances but ended up sending shockwaves through the global markets, leading risk assets like cryptocurrencies to throw their hands up and yell, “Not Again!” 🙈

Ripple has taken a beating, finding ‘support’ like a lost puppy near $2.40 and then sliding down to a sad little $2.01 on Tuesday. Aww, poor XRP! 😢

That’s right, folks! Over the last five days, XRP has lost about 25% of its value, making it the underachiever of the crypto world. I mean, even the other major digital assets are scratching their heads! 🤷‍♂️

These tariffs paired with economic uncertainty are shaping up to be a real comedy act as investors start looking for safer havens. Spoiler alert: It’s not XRP! 😂

Declining Burn Rate Signals More Downside Risks Ahead—Oh Boy! 🔥

Trump’s tariff shenanigans are bound to provoke Canada and Mexico to say, “Oh, you want a trade spat? Challenge accepted!” 🥊 Just what we need—more strain on an economy that’s already wobbling like a two-legged chair! 🪑

And don’t even get me started on U.S. inflation, which is hotter than a jalapeño pepper after a taco feast! 🌶️ The Consumer Price Index from February 13 is screaming, “I’m on fire!”

With all this trade drama plus inflation woes, investors might just whisper sweet nothings to less risky assets, leaving XRP feeling like the last kid picked for dodgeball. 😬

On-chain data reveals XRP’s market activity is reflecting this nervousness, thanks to CryptoQuant’s data. 🚨 We’ve seen a sharp decline in XRP’s burn rate—sounds like it’s losing steam, folks!

Just a few weeks back, on February 3, the daily burn rate was at a hot 8,273 tokens. Fast forward to February 22, and now it’s a pitiful 3,087. That’s a whopping 62% drop—Ouch! Just OUCH! 😱

This downward trend in transactional activity suggests demand is cooling off faster than a cold brew on a summer’s day. 😅

With inflation rising and too much geopolitical drama, we could be headed for a wild ride, folks. If transactional volume continues to dwindle, you can bet XRP will feel the heat of downward price movements! ⚠️

XRP Price Forecast: Are We Watching Its Funeral? 💔

XRP is still wheezing under pressure, extending its losing streak with a 24.93% drop in the last five sessions! It’s like watching a sad movie in slow motion! 🍿

The latest daily close at $2.1986 has XRP teetering on the brink of the psychological $2 support level like a tightrope walker at a circus! 🎪

Bollinger Bands are showing XRP near the lower band at $2.2012, which means volatility is the name of the game and, spoiler alert— it’s a bearish one! 🎭

If XRP tumbles below $2, it could speed down to the next liquidity pocket around $1.80—cry me a river! 😭

However, if it gets a little mean-reversion bounce and finds itself near $2.52, it might just grab the chance to pull a comeback! 🎉

The Volume Delta is screaming sell with a net outflow of -30.36M, showing demand is like a ghost—hard to find! 👻

The Relative Strength Index (RSI) is hanging out at 33.41, getting close to those oversold conditions. If it can rebound and cross 40, we might see a little rally of hope! ✨

But hold your horses—if XRP can’t defend this $2 mark, we could be in for a liquidation avalanche, racing down toward sub-$1.80 levels. Buckle up, it’s gonna be a bumpy ride! 🎢

Read More

2025-02-26 08:24