Date: February 24, 2025
Attention, crypto community! 🔔 The market is in red, and $TRUMP and XRP are leading the declines. $TRUMP, the memecoin associated with President Trump, has lost more than 75% of its value since its peak in January, now trading below $20. XRP, on the other hand, has fallen to $2.50, erasing months of gains. The total market capitalization of crypto has plummeted by 15% in recent weeks, standing at $2.7 trillion. What is happening? We're here to tell you.
💥 3 reasons behind the collapse
Trump tariffs and trade war: President Donald Trump's tariff policies, announced in February, have generated panic in global markets. Tariffs on China, Canada, and Mexico have triggered fears of inflation and higher interest rates, draining appetite for riskier assets like cryptocurrencies. This has hit altcoins like XRP and memecoins like $TRUMP particularly hard, as they rely on momentum and sentiment.
Massive selling pressure: Whales and investors are liquidating positions. Data shows that large holders of $TRUMP and XRP have moved tokens to exchanges, triggering stop-losses and generating a cascade of sales. Trading volume has fallen by 30%, signaling a "buyer strike" according to analysts.
Lack of positive narrative: Although the Trump administration promised to be pro-crypto, the absence of concrete advances (such as ETFs for XRP or a strategic Bitcoin reserve) has deflated the hype. $TRUMP, being a speculative memecoin, has suffered especially due to its intrinsic volatility and the perception of a lack of real utility.
📉 How low can it go?
Some posts on X suggest that the market could sink even further, with XRP potentially testing supports at $2.00 and $TRUMP approaching critical levels of $10. Bitcoin's dominance has risen to 58%, indicating that capital is migrating from altcoins and memecoins to safer assets.
👇 Your voice matters! What do you think about the crash?
🗳️ Vote quickly:
📉 It will continue to fall, we must wait.
🚀 It's an opportunity to buy.
💬 Comment below:
Do you think $TRUMP and XRP will recover soon?
What does the market need to reverse this trend?
