The XRP price (XRP) increased by 13% compared to the day, negotiating above $ 2 level after President Donald Trump announced a 90-day break on all reciprocal rates, with the exception of China, which experienced an additional 125% increase in their counter-tariffs against the United States.
The XRP rally presents itself on additional positive news and the XXRP ETF launched on the Arca of the New York Stock Exchange (NYSE).
Despite the Macroeconomic and Crypto-Adopto positive news from Tradfi, XRP graphics still warn that a high downside of the price could be in advance.
The descending triangle model refers to a decrease of 33%
Since December 2024, the XRP price has formed a potential triangle pattern on its daily graphic, characterized by a level of flat support mixed with a line of downward resistance.
A descending triangle graphic pattern which forms after a strong ascending trend is considered as an indicator of bearish inversion. As a rule, the configuration is resolved when the price breaks below the flat support level and falls as much as the maximum height of the triangle.
The price dropped below the triangle support line at $ 2 on April 6, confirming a movement of potential failure. In this case, the price can drop towards the drop target to around $ 1.20 by the end of April, down 33% compared to current price levels.
XRP / USD daily table. Source: Cointelegraph /Tradingview
The descending descendant target of XRP echoes the prediction of trader Casitrade according to which the Altcoin could drop as low as $ 1.55 due to an analysis of the theory of Elliott “manual”.
“Currently, $ 1.81 is a critical level to break in this plan,” said the trader in an article on April 8 on X, adding that if the price loses this level, this would confirm a deeper decision.
According to CASITRADES, the following level to be monitored would be $ 1.71, where the price would temporarily stop before the “lower final projected” at $ 1.55.
“Key area: $ 1.55 is the gold retraction and the probable end to all this w2 fix.”
Table XRP / 15 minutes USD. Source: Casitrades
The Bearish perspectives reflected the prediction of the veteran Peter Brandt that the XRP price could decrease to $ 1.07 due to a “manual” head and shoulder model for the daily graphic.
In relation: Acquisition of Ripple of Hidden Road a “moment of definition” for XRPL – Ripple CTO
Could the launch of XXRP ETF avoid an XRP price sale?
Despite the launch of the XXRP ETF on NYSE Arca on April 8, 2025, the price of XRP remains precarious due to a mixture of market dynamics and climbing commercial wars.
The ETF 2x with leverage, designed to amplify the daily yields of XRP, made its debut in the midst of increased volatility, with XRP merchant about $ 1.71 after a drop of 7.4% in 24 hours.
The XXRP ETF attracted 5 million dollars in volume of the first day, in what Bloomberg ETF analyst Eric Balchunas described as laudable success taking into account the current tumult in crypto and other world markets.
Although it is 200x less than the volume displayed by Blackrock’s Ibit ETF on the first day, this Place XXRP performance in the highest 5% of new ETF launches.
Source: Eric Balchunas
Beyond the ETF XXRP, the macroeconomic factors, including the reciprocal prices of American president Donald Trump, occupy the front of the stage this week, threatening new volatility on the cryptographic markets.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
