XRP (Ripple) saw a 40% drop due to negative sentiment after Trump's trade tariffs.

From Nasdaq

April 10, 2025 05:23:00 AM:

XRP, a cryptocurrency created by Ripple in 2012, saw a 235% surge in 2024 after Trump’s election win promising a crypto-friendly environment. However, XRP has since dropped more than 40% due to negative investor sentiment following Trump’s trade tariffs announcement.

Ripple Payments network connects banks globally, enabling instant cross-border transactions. XRP reduces costs by bypassing intermediaries and foreign exchange fees, making transactions almost free. XRP’s utility gives it value beyond speculation, providing a real-world use case.

SEC sued Ripple in 2020, claiming XRP should be classified as a security. A judge ruled in 2024 that XRP might only be a security in certain circumstances, leading to a $125 million fine for Ripple. Trump’s administration settled with Ripple for $50 million, signaling a shift in SEC’s approach to crypto.

Despite XRP’s potential to save banks money, its price is largely driven by speculation. XRP is down over 40% from its recent high, with past rallies followed by significant price declines. Investors should consider the speculative nature of XRP before investing.

The Motley Fool’s Stock Advisor team identified the 10 best stocks to buy, excluding XRP. Their picks have historically outperformed the S&P 500, offering strong returns. Investors should consider the track record of these stock picks before investing in XRP or other cryptocurrencies.

Read more at Nasdaq.: XRP (Ripple) Crashed Below $2. Buy the Dip, or Run for the Hills?