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XRP price may drop another 40% as Trump tariffs spook risk traders

Coin Telegraph LogoCoin Telegraph4d ago

XRP price may drop another 40% as Trump tariffs spook risk traders - Coin Telegraph

Quick Summary:

XRP descending triangle pattern hints at 40% dropSince its late 2024 rally, the XRP price chart has been forming a potential triangle pattern on its weekly chart, characterized by a flat support level mixed with a downward-sloping resistance line.

The XRP (XRP) market is flashing warning signs as a bearish technical pattern emerges on its weekly chart, coinciding with macroeconomic pressures from anticipated US tariffs in April.

Louis Federal Reserve President Alberto Musalem estimated that these tariffs might contribute approximately 1.2 percentage points to inflation, with about 0.5 percentage points stemming from direct effects and 0.7 percentage points from indirect effects.

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Article Details

Author / Journalist: Cointelegraph by Yashu Gola

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-28 @ 12:55:46 (4 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 21 words per sentence (average)

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

Copyright Owner: © Coin Telegraph

News ID: 27384248

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 56 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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The story "XRP price may drop another 40% as Trump tariffs spook risk traders" was covered 4 days ago by Coin Telegraph, a news publisher based in United States.

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The outlet is headquartered in United States and publishes an average of 56 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #27384248
  • URL: https://chronographically.beamstart.com/news/xrp-price-may-drop-another-17431668672654

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