Recent tariff threats by President Donald Trump against Canada sparked a sharp crypto sell-off recently across major exchanges. The move pushed prices lower for XRP and Bitcoin as geopolitical tensions rose.
Bitcoin fell below $88,000 while XRP slid to about $1.85 during the decline. “Bitcoin just fell below 88,000, and XRP also saw a very sharp correction.”
Financial analyst Levi Rietveld discussed the sell-off in a video, as mentioned. He noted the speed and size of red candles implied large participants were reducing exposure.
Market observers described the episode as part of a recurring pattern tied to trade rhetoric. “The political theater is starting to come into effect much like it has many times previously.”
The sell-off highlighted a stronger correlation between Bitcoin and XRP. “Bitcoin leads the market, and we’re seeing this impact on XRP as well.”
After Ripple settled with the SEC, XRP faced fewer domestic regulatory headwinds but stayed vulnerable to macro shocks. (Ed. note: Historical de-escalation often shifts volatility toward recovery.)
