XRP News Today: Trump Tariffs Spark XRP's 17% Drop as Bears Take Control

XRP's price trajectory has shown mounting warning signs, with technical indicators and market sentiment suggesting potential roadblocks ahead. Recent data highlights a mix of bearish and conflicting signals, complicating the outlook for the token. Over the past month, XRP has declined by 10%, trading at $2.34 as of October 10, 2025, after a sharp 17% drop in a single day following Trump's announcement of 100% tariffs on Chinese imports . This decline erased billions in market capitalization and triggered widespread liquidations across derivatives exchanges, with XRP breaching key support levels at $2.75 and $2.50 .

Technical analysis underscores the bearish momentum. The Relative Strength Index (RSI) has fallen to 46.34, signaling weakening buyer interest and a shift toward bearish territory . The 20-day Exponential Moving Average (EMA) crossed below the 50-day EMA, forming a potential "death cross" that historically signals deeper corrections The Financial Analyst^[3]. Additionally, the Ichimoku Cloud analysis shows the price dipping below critical lines, with the green cloud (Kumo) acting as a zone of consolidation but failing to provide strong upward momentum . If the price continues to fall below the 200-day SMA of $2.57, analysts project further declines toward $2.20 and potentially $1.80 .

Retail trader sentiment has also turned sharply bearish. Santiment data reveals that XRP's bullish-to-bearish commentary ratio dropped below 1.0 on October 4 and 6, 2025, levels historically associated with fear-driven selling Coindesk^[2]. This mirrors the bearish sentiment seen during Trump's tariff announcements in April 2025, which preceded a market bottom. However, historical patterns suggest that extreme bearishness often precedes contrarian buying opportunities, though this remains contingent on renewed demand Coindesk^[2].

Price action analysis highlights critical junctures. XRP's failure to maintain resistance above $3.06 has led to a retest of support at $2.92, with bulls needing to reclaim this level to avoid further downward pressure . If the price holds above $2.88, a short-term rebound toward $3.10 is possible. Conversely, a breakdown below $2.80 could signal a deeper correction to $2.60 or even $2.22 . Analysts from Gov Capital project a bearish outlook for September 2025, with a potential range of $2.40 to $3.10 Bitnewsbot^[4], while others warn of a possible $1.61 target if support levels fail .

External macroeconomic factors, including Bitcoin's 7% decline to $113,000 and broader market volatility, have exacerbated XRP's struggles. The token's performance remains closely tied to the overall crypto market, with a potential recovery dependent on Bitcoin stabilizing and regaining bullish momentum . On-chain data also indicates rapid outflows from exchanges like Binance and Coinbase, suggesting liquidity-driven corrections amplified by stop-loss cascades .

The road ahead remains uncertain. A sustained rebound above $3.00 would require strong buying interest and favorable market conditions, while continued bearish pressure could push XRP below $2.00. Investors are advised to monitor key technical levels, including the 20-day EMA at $2.94 and the $2.77 support threshold, as well as developments in Ripple's ongoing legal battle with the SEC, which could significantly influence the token's trajectory .