XRP (Ripple) Crashed Below $2. Buy the Dip, or Run for the Hills?

The XRP (CRYPTO: XRP) cryptocurrency was created by a company called Ripple in 2012. It was designed to standardize cross-border payments within the Ripple Payments network, which means it has a tangible real-world use case, unlike most cryptocurrencies.XRP soared by 235% in 2024, largely on the back of President Donald Trump's election win. He promised to make America the crypto capital of the world and create a friendlier regulatory environment, paving the way for significant potential value creation across the industry. But the gains in XRP have since faded. It's currently down more than 40% from its 52-week high, and it broke below $2 last week shortly after Trump announced sweeping tariffs on America's trading partners, which turned investor sentiment sharply negative toward all risk assets. Since digital goods and services aren't subjected to tariffs (as things stand today), should investors buy the dip on XRP, or is this a sign of worse things to come?Continue reading

Apr 10, 2025 - 10:28

XRP (Ripple) Crashed Below $2. Buy the Dip, or Run for the Hills?

The XRP (CRYPTO: XRP) cryptocurrency was created by a company called Ripple in 2012. It was designed to standardize cross-border payments within the Ripple Payments network, which means it has a tangible real-world use case, unlike most cryptocurrencies.

XRP soared by 235% in 2024, largely on the back of President Donald Trump's election win. He promised to make America the crypto capital of the world and create a friendlier regulatory environment, paving the way for significant potential value creation across the industry.

But the gains in XRP have since faded. It's currently down more than 40% from its 52-week high, and it broke below $2 last week shortly after Trump announced sweeping tariffs on America's trading partners, which turned investor sentiment sharply negative toward all risk assets. Since digital goods and services aren't subjected to tariffs (as things stand today), should investors buy the dip on XRP, or is this a sign of worse things to come?