XRP Burn Rate Plunges 62% Amid Trump Tariffs on Canada and Mexico: Bullish or Bearish?

Quick Summary:

Ripple price down 25% in 5 days as Trump tariffs hint at further downside Ripple (XRP) has come under intense selling pressure over the past week, with bearish catalysts compounding market uncertainty.

XRP price plunged toward $2 as Trump’s tariffs rattled markets, while declining network activity and bearish indicators signal further downside risks.

The tariffs, aimed at addressing trade imbalances, have sent shockwaves through global financial markets, impacting risk assets like cryptocurrencies.

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Article Details

Author / Journalist: ibrahim

Category: Crypto

Markets: IndiaCanadaMexico

Topics: XRP price analysis Ripple (XRP) Price XRP price Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 18:42:33 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 615 words

Reading Time: 4 minutes read

Sentences: 57 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 26441821

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 37 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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