#BinanceAlphaAlert
XRP Plunges in Trump-Induced Market Chaos – But a Major SEC Decision Could Spark Recovery
Trump's Tariff Shock Sends XRP Tumbling
XRP slumped 5.4% on April 2 as former President Trump's aggressive tariff announcements triggered a broad crypto sell-off, with investors fleeing to safe havens like gold (which hit a record $3,168). The token underperformed most top-10 cryptocurrencies as markets braced for potential economic fallout.
1️⃣Market parallels: The panic mirrored traditional finance, with Dow Futures crashing 1,017 points.
2️⃣ Key concern: Fears of retaliatory tariffs and a prolonged trade war weighed on risk assets.
SEC Closed Meeting: Will the Agency Drop Its Appeal?
All eyes are on today’s SEC closed meeting, where commissioners may vote on withdrawing the agency’s appeal against Judge Torres’ ruling that XRP programmatic sales are not securities.
1️⃣ Republican majority (2-1) could push for a crypto-friendly decision.
2️⃣ .Potential outcomes:
3️⃣ SEC drops appeal → Ripple withdraws cross-appeal → Settlement talks accelerate.
4️⃣Penaltyreduction: SEC’s 150Mfinecouldshrinkto∗∗150Mfinecouldshrinkto∗∗50M**.
4..Institutional sales ban lifted, freeing Ripple to expand its US ODL services.
Bigger implications: A resolution could pave the way for XRP-spot ETFs (18 filings pending) and institutional adoption.
XRP Price Forecast: Path to $3.55 or Risk of Further Decline?
After closing at $2.02, XRP’s next moves depend on:
1️⃣ Legal developments:
SEC appeal withdrawal = rally toward all-time high ($3.55).
No resolution = prolonged consolidation.
2️⃣ ETF prospects:
Approval could trigger institutional demand surge.
Delays may cap upside.
3️⃣ Macro risks:
Escalating trade war → Drop to $1.79 support.
Risk-on rebound → Recovery toward $2.50+.
