Trump's Trade Tariffs and SEC Drama: XRP Price Under Pressure
The cryptocurrency market is once again showcasing its volatility, with Ripple's XRP facing significant challenges. According to "Coin Kurier," the recent announcement by Donald Trump regarding 100% tariffs on BRICS countries has directly impacted the market. The XRP price dropped by 2.7%, now standing at $0.299, as reported in an article titled "Trump's Trade Tariffs and SEC Drama: XRP Price Under Pressure." These tariffs are set to take effect this Saturday and have created a ripple of uncertainty across financial markets.
"Newsbit" further elaborates that these trade measures could provide short-term support for the US dollar but place additional pressure on cryptocurrencies like XRP. This highlights how closely tied digital assets remain to geopolitical developments and traditional economic policies.
Ripple vs. SEC: A Legal Saga Continues
The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) remains pivotal for XRP’s future prospects. As per reports from "kuhinje-ewe.si," Brad Garlinghouse, CEO of Ripple Labs, allegedly discussed with former President Trump whether XRP could be recognized as an official digital reserve asset for the United States. Interestingly, it was noted that details about this case were recently removed from the SEC website without explanation—a move sparking speculation about potential behind-the-scenes agreements or resolutions.
If such recognition materializes, it would mark a groundbreaking moment not only for Ripple but also for blockchain technology's integration into national frameworks worldwide.
XRP Market Outlook Amid Broader Crypto Declines
The impact of Trump's tariff announcements extends beyond just XRP; Bitcoin too saw a decline of nearly 3%, currently trading around $10,200 according to another report by "Newsbit." Tariffs targeting imports from China (10%) alongside Mexico and Canada (25%) have added layers of complexity to global capital flows—potentially diverting investments away from alternative assets like cryptocurrencies during times of heightened risk aversion.
Despite these immediate setbacks, long-term analysis provided by sources such as “IT Boltwise® x Artificial Intelligence” suggests opportunities may still exist for growth within Ripple’s ecosystem if regulatory hurdles can be overcome successfully. Factors including political shifts—like Trump's possible return or changes in leadership at institutions like the SEC—could play crucial roles in shaping favorable conditions moving forward.
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