XRP RSI indicator turns bearish as Trump tariff policy triggers 3-week low
XRP volume surges before sell-off
XRP price movements have drawn considerable attention, particularly as a massive on-chain surge coincided with a sharp price decline following new policy announcements.
On April 2, XRP saw one of the highest transaction volumes in months, with over one trillion XRP transferred in a single day. This surge could point to significant institutional activity or widespread wallet redistribution, both of which have historically preceded notable price shifts.
Over the past five days, XRP price movement was trapped between resistance at $2.22 and support at $2.02. Despite this impressive on-chain activity, XRP struggled to break the top resistance zone of the consolidation range. This period of sideways movement came to a halt after the announcement of the new Trump tariff policy, which sent shockwaves through the market. The news prompted a sharp reversal, pushing XRP below the key support at $2.02 as it reached a three-week low near $1.98.
XRP price outlook hinges on $1.90 support amid bearish technical signals
XRP price dynamics (Feb - April 2025). Source: TradingView
In the Asian session today, XRP price made a brief recovery, rising by 3% to $2.08, but this rally was short-lived. By the European session, the price had once again begun to decline, now trading at $2.05. This current weakness raises concerns that XRP may retest its previous monthly low at the $1.90 support level. If this level fails to hold, the next support zone is seen at $1.80, which provided significant support during February’s price decline.
The technical indicators on the 4-hour chart reflected this bearish shift. XRP’s Relative Strength Index (RSI) dipped into bearish territory, dropping below 40 and signaling growing selling pressure. This RSI move on the 4-hour chart aligns with the daily RSI, which is also in bearish territory. The alignment of these indicators suggests that the downward momentum could persist in the short term.
The combination of high on-chain transaction volume, bearish technical signals, and a sharp price decline puts XRP in a precarious position. The market's attention now turns to how XRP will respond to the $1.90 and $1.80 support levels.
Ripple's RLUSD stablecoin reached a market cap of $243.77M since its December launch. XRP's price dropped by 3.7%, falling to $2.069 after struggling below $2.26.
