XRP Plummets Over 20% Amidst Market Turmoil – Key Support Breakdown

The cryptocurrency market experienced a sharp selloff this Monday, April 7th, 2025, fueled by global tensions escalating under the Trump administration’s new reciprocal tariffs. Bitcoin and Ethereum both suffered significant declines, with Bitcoin dropping 9% and Ethereum plunging 19%. XRP has taken a leading hit amongst top altcoins, shedding over 20% in a single day. This follows a grim technical breakdown for the asset.