A market pundit has shared what to expect next from XRP following the broader market bloodbath triggered by Donald Trump’s tariff decision.
The global financial markets have collapsed into chaos following President Donald Trump’s sweeping announcement of retaliatory tariffs on nearly every country across the globe.
The fallout has triggered a massive sell-off across both traditional stock and crypto markets. This has wiped out trillions in value, dragging major crypto assets, including Bitcoin and XRP, into a steep decline.
XRP Drops Amid Market Chaos
According to Oscar Ramos, a prominent crypto analyst and market commentator, the U.S. stock market alone lost an astonishing $1.65 trillion at the opening bell.
In his latest video commentary, Ramos tackled the situation head-on, focusing on XRP’s situation amid the turmoil and what investors should brace for in the days ahead.
At the time Ramos addressed his audience, XRP had dropped to $1.99, a massive decline from its recent $2.23 high. The drop coincided with Trump’s tariff speech delivered from the Rose Garden. Ramos pointed out the precise timing of the fall, suggesting it was a direct market response to geopolitical pressure.
XRP 1h Chart | Oscar Ramos
However, despite the apparent bloodbath, Ramos encouraged viewers to stay calm and look for opportunity. “Are you tired of winning? It’s too good, man,” he said, opening the discussion with some humor.
Massive Liquidations
Throughout the video, Ramos noted the volatility impacting XRP, Bitcoin and other altcoins. He noted that Bitcoin had recently hit $88,000, only to retreat quickly to $81,000, triggering massive liquidations.
In the past 24 hours alone, the market saw $348 million in long positions and $211 million in short positions liquidated, totaling over $550 million. Meanwhile, XRP-specific liquidations included $15 million in longs and $6 million in shorts.
Crypto Liquidations
What to Expect Next from XRP
Ramos also called attention to support levels that suggest XRP might be approaching a major bottom. He noted that similar price patterns occurred around $1.90, $1.80, and even $1.70 earlier in the year, particularly during tariff developments involving Canada, Mexico, and China.
Now, with the current drop now involving over 100 countries, the scale of the market reaction could be more severe. Nonetheless, the market analyst highlighted that XRP’s trajectory appears to be entering an important phase.
Specifically, Ramos pointed out the formation of a bearish technical pattern known as the “Three Black Crows” on the daily chart, indicating the possibility of continued downward pressure.
He used the Relative Strength Index (RSI) to confirm that XRP has still not definitively entered an oversold region on the daily timeframe. According to him, the last time this happened was in July 2024. For XRP to revisit the oversold zone, further decline to around $1.50 to $1.60 could occur.
XRP Daily RSI | Oscar Ramos
However, Ramos doesn’t view the current price action as all doom and gloom. He emphasized that XRP staying near the $2 mark rather than plunging deeper is already a minor victory. “Just the fact that we are at this level and not $1.8 per se, that’s a major win,” he stated.
Looking ahead, Ramos predicts choppy waters for the crypto market, a sentiment from Crypto.com CEO Kris Marszalek. He believes the ongoing uncertainty will test investor patience but also open doors for accumulation.
A Mild Recovery
The market commentator revealed that his current trading strategy involves accumulating Bitcoin, aiming to own a full BTC, while holding off on new XRP positions until clearer signals emerge.
Further, Ramos discussed the recent launch of Ripple USD (RLUSD) on Kraken, calling it a positive development amid the chaos. However, he remained clear that macroeconomic shocks are dominating current market movements rather than isolated crypto developments.
Leave a Reply