Recent tariffs imposed by President Trump have shaken the cryptocurrency market, resulting in significant price drops for major digital currencies like Bitcoin (BTC). Ripple’s XRP, notably, experienced a steep decline below the $2 mark. Binance data showed XRP plummeted to $1.98 before recovering slightly to around $2.05. This downturn has resulted in substantial losses exceeding $20 million for XRP investors, as CoinGlass reveals that over 63% of recent liquidations within the altcoin sector came from long positions. The decline is attributed to a combination of factors beyond general market trends, including potential internal market dynamics and investor anxieties surrounding XRP’s performance. Experts have raised concerns about the future trajectory of XRP, with some predicting a possible drop below critical support levels if it continues to weaken.