Since Donald Trump announced new tariff plans for the US, approximately $310 billion in digital assets have been destroyed. This is touted as one of the most devastating crashes of the crypto industry. Since April 5th, the incident saw a sharp dip of 22.74%, a decrease of around $27 billion.
Amidst all of this, one token has taken the worst hit. The token we are talking about is none other than XRP. XRP got the brunt of the crash out. As of now, the token is hovering above the $2 mark. Short-term investors are showing a gradual shift away from the token, but long–term investors are still showing confidence in it.
If the prices keep crashing, investors could eventually dump more. This could initiate another widespread price crashout incident. This will not just affect XRP holders but will also destroy the overall ecosystem.
However, other people suggest that this is not a bad thing. A crashout might affect the old investors but will also create newer opportunities for people who want to start. Therefore, XRP should be on the radar of people who want to make considerable investments in crypto.
