Why XRP Is Sinking Today
XRP's (CRYPTO: XRP) valuation is moving lower in Thursday's trading amid big sell-offs for both cryptocurrencies and stocks. The cryptocurrency's price was down 4.7% over the previous 24 hours as of 3:15 p.m. ET. Meanwhile, Bitcoin (CRYPTO: BTC) was down 5.1% over the past day, and Ethereum (CRYPTO: ETH) was down 5.9%.
The Trump administration announced new tariffs at its "Liberation Day" event yesterday afternoon, and cryptocurrencies and stocks have seen big sell-offs in subsequent trading. XRP's token price is now down roughly 1% across 2025's trading.
At the White House yesterday, President Trump laid out his administration's next moves on the tariff front. On April 5, a 10% import tax will be applied to all foreign-sourced goods entering the country. Just four days later, an additional round of "reciprocal tariffs" on products from countries with which the U.S. has the largest trade deficits will be applied on top of the blanket 10% rate.
Source Fool.com
