XRP (XRP) mirrors the bearishness in the cryptocurrency market on March 11, with its price down approximately 7.50% in the last 24 hours to $2.08. At its intraday low, it was trading for $1.90.
XRP/USD daily price chart. Source: TradingView
Key catalysts driving the XRP prices lower today, include:
Heightening US recession fears.
US President Donald Trump’s digital asset stockpile letdown.
A textbook bearish technical setup.
XRP/USD four-hour price chart. Source: TradingView
US recession fears hurt XRP price
Escalating concerns over a potential US economic slowdown have dampened investor sentiment across financial markets, hurting XRP and the broader cryptocurrency sector.
Key points:
Crypto and tech stocks saw a large sell-off on March 10 due to rising US recession fears.
JPMorgan raised the US recession risk to 40%, up from 30% at the start of 2025, citing extreme US policies as a key risk.
The Trump administration’s recent