XRP Price Prediction Ahead of Supreme Court Trump Tariff Ruling

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Coingapestaff

Coingapestaff

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XRP Price Prediction Ahead of Supreme Court Trump Tariff Ruling

Highlights

  • The Supreme Court ruling in February 20 can bring about volatility in the market.
  • Massive inflows in ETFs are still sustaining underlying bullish sentiment.
  • XRP price holds above $1.40 support after market consolidation.

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.

XRP Price Prediction Ahead of Supreme Court Trump Tariff Ruling
Source: XRP/USDT 4-hour chart: Tradingview

Should 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.

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Frequently Asked Questions (FAQs)

1. Why is XRP price falling ahead of February 20?

XRP declined due to profit-taking and broader market uncertainty surrounding the Supreme Court tariff ruling.

2. What is the significance of the February 20 Supreme Court decision?

The ruling could impact U.S. trade policy, influencing financial and crypto market sentiment.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

XRP

XRP

$1.50369380 -5.21%

24 Hours volume

$3.82B

Market Cap

$91.6B

Max Supply

100B

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About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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