Ripple (XRP) Plummets 27.5% Amid U.S. Trade Policy Uncertainty

Ripple (XRP) experienced a significant downturn on Tuesday, with its price plummeting to a new 30-day low around $1.90. This decline was driven by macroeconomic headwinds stemming from U.S. trade policies, which have put intense pressure on global markets. The lack of convincing budgetary allocations during the White House summit on Friday further exacerbated market doubts regarding the approval prospects for altcoins listed in the Crypto Strategic Reserve. This executive order requires congressional approval for budgetary allocations, and the uncertainty surrounding this has contributed to the bearish sentiment.

Over the past four days, Ripple's price has declined by 27.5%, dropping from $2.70 on Friday, March 7, to test new 30-day lows around $1.90. This downward trend is not isolated to XRP; other major cryptocurrencies such as Ethereum, Solana, and Cardano have also experienced double-digit losses since Friday. The sell pressure in the XRP spot market has intensified, triggered by doubts that the Trump administration may struggle to obtain congressional approval for the U.S. Treasury to purchase volatile altcoins.

Derivatives market data further affirms the bearish outlook surrounding XRP. According to the latest data, total short leverage contracts have surged past the $202.7 million mark over the past seven days, while long positions have been cut down to just $96.6 million. This indicates that short sellers are seizing control, increasing downside risks for XRP in the near term. The long/short ratio on Binance’s XRP/USDT pair now sits at 0.992, confirming a slight tilt toward bearish dominance. Binance traders hold a 3.382:1 short-to-long ratio in terms of account positioning, further emphasizing the growing skepticism toward XRP’s recovery potential. Meanwhile, OKX traders maintain a 2.44:1 long/short ratio, reinforcing the broader market’s defensive posture.

The XRP liquidation map reveals additional evidence of mounting bearish momentum. The cumulative short liquidation leverage currently stands at a staggering $202.74 million, with significant contributions from major exchanges. This clustering of liquidation levels suggests that short traders remain firmly in control, potentially eyeing a deeper correction if macroeconomic headwinds persist. Within the past