In a shocking turn of events, the XRP cryptocurrency experienced a dramatic price drop, leaving many in the crypto market reeling. Market commentator Chad Steingraber described this incident as an “XRP Black Swan,” highlighting its unprecedented scale and suddenness. The sell-off was triggered by a significant shockwave sent through the global financial system after U.S. President Donald Trump announced an additional 100% tariff on goods imported from China. This move reignited fears of renewed trade tensions between the world’s two largest economies, sending waves through equities, commodities, and digital assets. The resulting market crash saw the cryptocurrency market’s total value plummet below $4 trillion, a decline that wiped out billions of dollars in leveraged positions.