XRP holders are in for a wild ride this week. With Ripple’s SEC battle still officially unresolved and global markets rattled by Trump’s aggressive new tariffs, XRP has plunged over 14%, and it’s only Monday.
At the center of the storm is the upcoming April 10 Closed SEC Meeting, which could determine whether the Commission drops its appeal against Ripple regarding the Programmatic Sales ruling. If they do, the door might swing wide open for a U.S. XRP-spot ETF, potentially sparking a wave of institutional investment. But the SEC has gone radio silent, a sharp contrast to its fast-track dismissal of the Coinbase case.
Adding fuel to the fire, the U.S. just rolled out baseline 10% tariffs on major imports. The market fears a full-blown trade war, with retaliation from the EU, China, and Japan looming large. This kind of macro tension has always hit crypto hard, and XRP is getting crushed alongside Bitcoin, which just dipped below $80K.
Since January 31, XRP is down a staggering 39%. The main culprits?
- The SEC’s lack of clarity on appeal withdrawal.
- Trump excluding XRP from Strategic Reserve Asset talks.
- Tariff escalation putting pressure on all risk assets.
Sunday alone saw XRP drop over 10%, closing at $1.9217. That underperformance spooked traders and triggered panic sell-offs across the altcoin market. Analysts say XRP could tumble as low as $1.79 if macro pressures continue, but a positive SEC announcement or ETF nod could send it soaring past $3.
Also on radar this week: CPI data on April 10, progress on the Bitcoin Act, and ongoing ETF flows. It’s a pressure cooker of legal, political, and economic uncertainty.
For now, XRP is stuck in limbo, caught between a potentially bullish regulatory pivot and a market being rocked by trade tensions and inflation fears. Buckle up.
