Supreme Court releases Trump tariff rulings at 10 AM ET. XRP down 2.1% to $1.93 as crypto markets brace for volatility ahead of decision.
The U.S. Supreme Court is set to release critical rulings today at 10:00 AM ET. Market participants are bracing for volatility across all asset classes.
Mr. Bitcoin Whale warned followers on social media about the impending announcement. The crypto trader highlighted potential market turbulence tied to the high-stakes decision.
The ruling centers on President Trump’s tariff policies challenged in lower courts. Decisions could reshape trade dynamics and ripple through crypto markets.
At press time, XRP trades at $1.93, reflecting broader crypto market weakness. The token has declined 2.10% in the past 24 hours with $3.31 billion in trading volume.
Over the past week, XRP has dropped 6.36% according to CoinGecko data. The cryptocurrency has remained trapped in a range-bound structure since December.
Recent attempts to rally toward $2.30 have failed. Sellers have stepped in repeatedly, pushing prices back toward support levels.
The total crypto market capitalization has fallen roughly 2% to $3.17 trillion. Bitcoin trades around $91,000 while Ethereum and other major assets also show declines.
XRP faces immediate support at the $1.85 to $1.80 zone. A breakdown below this level could accelerate selling toward $1.65.
Resistance sits at $2.05 to $2.10 in the near term. Bulls need a daily close above $2.10 to regain momentum and challenge $2.30.
The Relative Strength Index hovers near 40, below the neutral 50 threshold. This indicates weak momentum without reaching oversold conditions yet.
The MACD indicator has turned slightly bearish after rolling over. Fading histogram bars suggest bullish momentum is losing strength rapidly.
Trading volume remains unremarkable without strong expansion. This confirms indecision from both buyers and sellers in current price action.
XRP daily price chart shows indecision: Source| TradingView
The tariff case stems from 2025 lower court decisions against Trump’s policies. Tariffs ranging from 10% to 125% on various countries were deemed beyond IEEPA limits.
Treasury Secretary Bessent has predicted the Court will uphold the tariffs. He cited potential economic chaos if the policies are struck down.
A crypto-positive or clarity-providing ruling could trigger risk asset rallies. XRP might experience sharp volatility with momentum-driven moves above resistance levels.
A neutral outcome would likely see volatility spikes fade quickly. XRP would probably remain range-bound, respecting current technical boundaries.
However, a crypto-negative ruling could prompt risk-off behavior across markets. XRP might lose the $1.80 support level and face accelerated downside pressure.
Technical levels will matter most once initial reactions settle. Volatility is certain, but directional certainty remains elusive.
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