Why XRP Price Is Dropping Today: Will Inflation Data Release Help It Recover?

Over the past week, XRP has fallen by 4%, with a sharp 2.9% drop in the last 24 hours alone. This sudden decline has left investors asking: why is XRP down today?

Key Reason Why XRP is Down Today 

On February 10, the newly elected US government, led by President Donald Trump Donald Trump   Donald J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.   Quick Facts   Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician   Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Donald Trump - Career Highlights & Events   2016 – Elected as the 45th President of the United States from the Republican Party.   2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments   2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money"   2024 – Campaign signals potential openness to crypto-friendly reforms   2025 –  Elected as the 47th President of the United States from the Republican Party.   A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.     President , imposed a 25% tariff on steel and aluminum imports. This move was aimed at supporting struggling domestic industries but has had a ripple effect on global markets, including cryptocurrency.

How US Trade Tariffs Are Impacting XRP

Even before the announcement, the crypto market reacted. On February 9, XRP slipped by 0.72%. By February 10, the price had dropped to as low as 2.3232, showing early signs of market uncertainty.

Trump first revealed his plan to impose tariffs on Canada, Mexico, and China on February 1. This led to a sharp decline across financial markets, including crypto. By February 2, XRP had already fallen by 15.02%, dropping from 3.0364 at the start of the month.

China’s Response Worsens Market Sentiment

On February 3, the White House announced a temporary pause on the tariff proceedings against neighboring countries, but the damage had already been done. Shortly after, China responded with a 15% counter-tariff on selected US goods, creating more market uncertainty. Between February 4 and 6, XRP dropped another 13.87%.

In total, between February 1 and 6, XRP lost 23.41% of its value. The market has not yet recovered from this price drop, which was triggered by early February’s trade policy shifts.

• Also Read :
•   XRP Price Prediction For February 12
•   ,

XRP Technical Analysis 

The 50-day SMA of XRP stands at $2.4114; the 100-day SMA at $2.1684; and the 200-day SMA at $1.3641.

Currently, the price of XRP remains at $2.4145. In the last 24 hours alone, the market has declined by over 2,9%.

The 14-day RSI of the XRP market is approximately 38.61. The market’s RVI value remains at 51.29. 

The ATR of XRP is approximately 0.2331. Meanwhile, the stock indicator shows that %K remains at 46,35 and %D at 45,99.  

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

Subscribe to News

FAQs