XRP may fall further 40% as Trump's tariffs make traders fearful.

The XRP market is flashing warning signs as a bearish technical pattern appears on the weekly chart, coinciding with macroeconomic pressure from expected tariffs by the United States in April.

XRP’s descending triangle pattern suggests a 40% decline

Since the bull run in late 2024, XRP has formed a potential triangle pattern on its weekly chart, characterized by horizontal support combined with a downward sloping resistance line.

The descending triangle pattern forms after a strong uptrend and is considered a bearish reversal indicator. By rule, the setup will pull the price below the horizontal support level, and the decline will be equal to the maximum height of the triangle.

! XRP/USD price chart – 1 week | Source: TradingView As of March 28, XRP has tested the triangle’s support for a potential breakdown. In this case, the price can fall to the target at around $1.32 in April, losing 40% of its value from current levels.

The descending triangle target of XRP reflects the prediction of veteran trader Peter Brandt. He previously warned of the possibility of a drop to a low of $1.07 due to the typical head and shoulders pattern on the daily chart.

XRP/USD Price Chart – 1 Day | Source: Peter BrandtConversely, a recovery from the support level of the triangle pattern could push the price up to the upper trend line at around $2.55. A strong breakout above this resistance level would completely invalidate the bearish structures, instead directing the price towards the previous peak of $3.35.

Trump’s tariffs may exacerbate the XRP sell-off

Meanwhile, the overall market has become more cautious in response to President Donald Trump’s 25% tariff on imported cars, set to take effect on April 3.

This tax rate has the potential to lead to higher prices for producers and consumers in the United States. The U.S. CPI report for February 2025 shows a month-over-month increase of 0.2%.

The President of the St. Louis Federal Reserve – Alberto Musalem, estimates that this tariff level could contribute about 1.2 percentage points to inflation, with approximately 0.5 percentage points coming from direct effects and 0.7 percentage points from indirect effects.

According to data from CME’s FedWatch Tool, the likelihood of the Federal Reserve cutting interest rates to the target range of 400–425 basis points in June has decreased to 55.7% as of March 28, down from 67.3% a week earlier and 58.4% just a day prior.

The probability of the target interest rate for the Fed meeting in June | Source: CMEDelaying interest rate cuts will reduce the capital flow into speculative markets, slowing the growth of XRP and other digital assets.

You can view the price of XRP here.

Disclaimer:** The article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.*

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