XRP price slipped to $1.45 ahead of the Supreme Court’s ruling on Trump’s tariffs. The Ripple dropped 6% in 24 hours as selling pressure increased across the market. The crypto market also weakened, as total market capitalization was down by 3% to $2.34 trillion.
XRP price recently reached $1.67, but strong profit-taking erased much of its advance. Bitcoin price hovered at around $68, 000 and Ethereum is still holding above the $2,000 support level.
Supreme Court Set for Feb. 20 Trump Tariff Decision
20th Feb could mark a turning point in a closely watched Supreme Court battle over tariffs. The U.S. Supreme Court is expected to resume issuing opinions after a month-long winter recess.
One of the pending cases includes a challenge against tariffs by President Donald Trump. The case is about the application of the emergency power under the economic law of the USA.
The case was argued in November by lawyers and deliberated on by the justices since that time. The core issue is whether emergency powers provided a justification to sweep import duties. Critics indicate that the power of tariffs, rather than the executive branch, exists with Congress.
In case the Supreme Court of United States declares the tariffs unlawful, the businesses are entitled to a refund. These claims might consist of billions of dollars paid over a number of years.
A ruling that could impact the tariff policy of Donald Trump can remake the trade, the crypto markets, such as XRP, and the prices of consumers.
XRP ETFs Maintain Momentum as Total Inflows Reach $1.23B
According to Sosovalue data, XRP-focused ETFs attracted solid inflows at the latest close. Daily net inflows totaled $4.50 million as of February 13, reflecting renewed buying activity.
Cumulative inflows grew to $1.23 billion, reflecting continued investor exposure to XRP products. Total trading value was at $19.69 million, indicating consistent turnover throughout listed funds.
Several leading ETFs added to the growth of the asset, while the overall XRP share allocations held steady.
XRP Price Prediction: Can Ripple Hold Above $1.40 Support Level?
The latest XRP price hovered at $1.46 as the market moved through a steady consolidation phase after last week’s surge.
The RSI cooled to the 50 area following the breakout into overbought territory. This was an indicator of a neutral momentum and a momentary halt in the purchasing power.
The Chaikin Money Flow remained a little positive, and it indicated that the capital inflows were not decreased despite the price movement slowing down.
Breaking decisively above $1.50 could help pave the way to the closest upward target of $1.60. Any breakout of that zone might enable XRP to retest the prior resistance levels and trend structure at $$1.75.
Source: XRP/USDT 4-hour chart: TradingviewShould bearish pressure come back, the initial first lower price is at $1.40, then it is at $1.30 in case of increased selling. The fall below $1.30 would hurt the short-term feeling.
To sum up, XRP price is at an important junction as traders wait the Supreme Court verdict. The consistent ETF inflows can maintain the bullish trend, and it is critical to hold above $1.40 to avoid further downward force.
Source: https://coingape.com/markets/xrp-price-prediction-ahead-of-supreme-court-trump-tariff-ruling/
