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See our full XRP forecast here.
Bitcoin Drops on Tariff Developments
XRP’s decline came as bitcoin also fell, reacting to tariff developments. On April 13, President Trump denied recent tariff exemption reports, calling them “fake news,” and warned of new tariffs targeting semiconductors and electronics.
Bitcoin’s Saturday gains came in response to reports of the US government exempting reciprocal tariffs on smartphones, routers, computers, and laptops.
Despite fresh tariff warnings, US futures rose early in Monday trading, with the Nasdaq 100 Futures up 197 points. Renewed risk appetite supported BTC, which rose 0.84% to $84,479.
BTC Price Outlook: Bearish vs. Bullish Scenarios
On April 13, BTC dropped 1.88%, partially reversing Saturday’s 2.41% gain, closing at $83,777.
Near-term scenarios include:
- Bearish Scenario: Rising trade tensions, inflation fears, a hawkish Fed stance, ETF outflows, or setbacks on the Bitcoin Act could send BTC toward $70,000.
- Bullish Scenario: A de-escalation in trade tensions, dovish Fed signals, bipartisan backing of the Bitcoin Act, and renewed ETF inflows may lift BTC toward $90,000.
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