XRP (CRYPTO: XRP) is up more than 300% since the presidential election in November. However, XRP has recently taken a hit over tariff uncertainty and is now down 40% from its 52-week high of $3.39 in January 2025.

Amid Trump’s reciprocal tariffs, XRP price came crashing down 5%, testing crucial support at $2, while futures liquidation surged to $18.5 million.

XRP declined 5% on Wednesday following President Donald Trump's announcement of reciprocal tariffs on all international trading partners. The decline wiped out gains spurred by Ripple's confirmation of integrating the RLUSD stablecoin into its payments solution, Ripple Payments.

The good news is that XRP (CRYPTO: XRP) is still up 300% since the U.S. election in November. The bad news is that XRP is down more than 40% since it hit a 52-week high of $3.40 in mid-January. XRP now trades for just $2.

Heightened market uncertainty is once again reshaping investor behavior in crypto. As leading altcoins like Cardano (ADA) and XRP struggle to maintain key levels, attention is turning toward earlier-stage projects that offer lower exposure to macro shocks and greater long-term upside.

Technical indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) highlight a stronger bearish grip on XRP. The RSI at 38 could sweep into the oversold region, while a bearish divergence in the MACD encourages traders to favor short positions over long positions.

The cryptocurrency industry is known for its life-changing returns, and XRP (CRYPTO: XRP) is no exception. Of course, everything would have depended on whether you were able to stomach the cryptocurrency's wild volatility during that time frame.

Cryptocurrency markets are surging ahead of a crucial tariff announcement by President Trump. IntoTheBlock data shows large transaction volume decreasing by 18.6% and daily active addresses growing by 4.7%. Transactions greater than $100,000 are up from 10,147 to 10,387 in a single day. Exchanges netflows are down by 66.4%.

Bitcoin and other major cryptocurrencies dipped after President Donald Trump imposed tariffs on US trading partners worldwide, triggering a slump in risk assets.