The cryptocurrency market continues its downward trajectory. Bitcoin (BTC) has slipped to the $82,000 price point. This is the second time BTC has fallen to this price point in 2025. The global crypto market cap has fallen 4% in the last 24 hours to $2.81 trillion. Other assets are also feeling the beating. Ripple’s XRP token climbed to above $3 for the first time in seven years earlier this year. The asset has lost significant traction over the previous few weeks.
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Ripple’s XRP Falls 18% Amid Bearish Environment
XRP is down 3.2% in the daily charts, 18.1% in the weekly charts, 11.5% in the 14-day charts, and 9.5% over the previous month. Despite the recent dip, XRP has maintained substantial gains in the yearly charts. The asset is up 249.6% since March 2024.
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The latest market dip is likely due to uncertainties in the macroeconomic front. The US has imposed tariffs on Canada and Mexico. The US has also said that it would impose additional tariffs in the European Union (EU). The EU responded saying it will retaliate with similar taxes on the US. Risky assets, such as XRP and other cryptocurrencies, have not taken well to the development.
Should You Buy The Dip?
XRP had a stellar start in 2025. The asset breached the $3 mark for the first time in seven years. The rally, unfortunately, was shortlived.
Despite the lackluster performance over the last few weeks, there is a chance that Ripple’s XRP token will recover its momentum. There is a high probability that the asset will get an ETF later this year. The move could lead to a surge in investor sentiment.
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According to CoinCodex, XRP will pick up the pace over the coming months. The platform anticipates the asset to hit $4.10 on Apr. 15. XRP’s price will rally by 88.07% if it hits the $4.10 target.
