đ Quick Take
XRP has plunged 11.2% in the past 24 hours, crashing to $3.08.
Over $634 billion in crypto derivatives liquidated market-wide.
Rising global trade tensions fueled by Trumpâs tariff threats worsen sell pressure.
Bitcoin dominance down 5.4% in 30 daysâaltcoins bleeding confidence.
Altseasons? Not yet. The Altcoin Season Index sits at a bearish 43/100.
đš Whatâs Behind XRPâs Steep Drop?
XRP is among the biggest losers in todayâs market-wide correction, suffering under the weight of massive liquidations and shaken investor sentiment. Hereâs why:
đ„ 1. Derivatives Meltdown
A jaw-dropping $634B in open interest evaporated in a single dayâtriggering a wave of forced selling across the board. XRP took a direct hit.
đ 2. Weak Altcoin Sentiment
While Bitcoin stabilizes above $118K, altcoins are falling out of favor. The Altcoin Season Index reads just 43, signaling that altcoins like XRP are still in the shadow of Bitcoin.
đ 3. Trumpâs Trade Threats = Market Panic
Trumpâs bold tariff statements on Truth Social rattled markets. He warned of steep penalties on countries refusing to open markets to the U.S. This fear triggered a selloff in risk assetsâwith crypto, and particularly XRP, taking the brunt.
đșđž Trade Wars vs XRP: The Fallout
A new U.S.âJapan deal reduced tariffs from 25% to 15%âbut Trump warned higher tariffs are coming for non-cooperative nations.
Investors scrambled to reduce exposure to volatile assetsâXRP included.
Treasury Secretary Bessent hinted at new EU deals, but no relief came for XRP.
While Bitcoin surged on trade optimism, XRP didnât budgeâhighlighting lack of confidence from traders and institutions alike.
đ§ What Traders Should Watch
Derivatives Volume: Watch for recovery in open interestâit may signal a bounce.
Season Index: A shift above 75 may spark new life into XRP.
Macro News: Any clarity on U.S. trade policy or easing of tensions could slow the bleeding.
đ Conclusion: XRP in the Crossfire
XRPâs crash to $3.08 is the result of:
Mass liquidations
Weak altcoin momentum
Bitcoin dominance retreat
Trumpâs aggressive tariff rhetoric
đ For now, XRP remains under heavy pressure. Until macro conditions stabilize and traders regain trust in altcoins, expect volatilityâand stay strategic.
