The XRP (XRP) market matches warning signals with weak technology patterns on the weekly chart, matching the macroeconomic pressure of the US tariffs in April.
The XRP down triangle pattern gives a hint of 40% drops
Since the late 2024 rally, the XRP price chart is characterized by a flat support level mixed with a downward slope resistance line by forming a potential triangle pattern on the weekly chart.
After a strong rise, the formation of a descent triangle pattern is considered a weak reversal indicator. In principle, if the price drops below the flat support level, the settings will be solved and the maximum height of the triangle is dropped.
XRP/USD weekly price chart. Source: TradingView
As of March 28, XRP was testing triangle support for potential failures. In this case, the price can fall 40% from the current price level for the downward goal of about $ 1.32 by April.
The triangle target of the XRP repercuses on the prediction of the veteran merchant Peter Brandt. He warned of a $ 1.07 reduction in a daily chart, “Textbook” head and shoulder pattern.
XRP/USD daily price chart. Source: Peter Brandt
On the contrary, rebounding at the level of support of the triangle can lead to a price toward the top trend line of about $ 2.55. This resistance level is in danger of completely invalidating the weaker structure above, and instead sends the price to $ 3.35.
Trump tariffs can amplify XRP sales
Meanwhile, the wider market will be more careful in response to 25%of tariffs on President Donald Trump’s car income and will be released on April 3.
These tariffs are likely to increase the price of US manufacturers and consumers. The US CPI report in February 2025 has already increased 0.2% over a month.
relevant: Is Altseason dead? Bitcoin ETF rewrites encryption investment playbooks.
Alberto Musalem, chairman of St. Lewis Federal Reserve, estimates that these tariffs can contribute about 1.2 percentage points to inflation, about 0.5 percentage points in direct effects and 0.7 percentage points in indirect effects.
According to the CME Fedwatch Tool, the decrease in the Federal Reserve fell to 55.7%as of March 28, with the target of the 400-425 Basis Point in June, and fell to 58.4%a day ago.
The probability of target rate of the Fed in June. Source: CME
Delayed interest rate cuts reduce the flow of capital to the speculative market, which stops the momentum of other digital assets that thrive in XRP and inexpensive dangerous on environments.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.