Crypto commentator Wendy O drew attention to one of the most disruptive market moments of the week, highlighting a report from The Kobeissi Letter on a sudden decline in major U.S. indices following remarks from the President of the USA. Those remarks, focused on escalating tariff considerations against China and abandoning a potential meeting with Chinese leadership, triggered sharp sell-offs—not only in traditional markets but also across digital assets. According to data from CoinMarketCap, XRP has dropped 12% in the past 24 hours and is currently trading at $2.44. BREAKING: TRUMP TARIFFS DESTROY THE STOCK AND CRYPTO MARKETS BITCOIN TO ZERO NOW WOW https://t.co/XMs4CL1k2c — Wendy O (@CryptoWendyO) October 10, 2025 Impact of Presidential Trade Statements The Kobeissi Letter reported that the S&P 500 fell over seventy points within seconds of the President’s statement. In the message, he signaled potential increases in tariffs on Chinese imports and stated there was “no reason” to meet President Xi. These comments were interpreted as a hardening stance on international trade. For financial markets, such language signals possible disruptions to global supply chains, increased costs for multinational firms, and reduced investor confidence in near-term economic cooperation. The result was rapid repositioning by both institutional and retail participants. Traditional markets reacted immediately, and the risk-off sentiment quickly crossed into the cryptocurrency sector. As automated systems and derivatives markets adjusted, liquidity in major digital assets tightened. XRP’s Decline in the Broader Market Context XRP’s 17% decline must be viewed against the backdrop of an overall market retreat triggered by macroeconomic uncertainty. Large-cap cryptocurrencies often mirror broader financial sentiment during sudden geopolitical escalations. In this case, capital flowed out of risk assets, with traders opting for defensive positioning rather than exposure to volatile tokens. Unlike asset-specific events such as legal developments or ecosystem changes, today’s XRP price dump was macro-driven. There was no major internal update from the XRP ecosystem ; instead, its decline aligned with Bitcoin, Ethereum, and other high-liquidity tokens facing coordinated sell pressure. Amplifying the Market Response Wendy O’s reaction brought further attention to how digital asset traders are processing this event. While her commentary emphasized the severity of the drop, it is crucial to separate sentiment from structural analysis. The Kobeissi Letter provided the factual basis: an abrupt market reaction directly tied to a major political statement. Influential voices within crypto then broadcast concern, reinforcing caution across exchanges. This amplification effect contributes to accelerated volatility. Social commentary, particularly from known figures, often influences short-term decisions among retail traders, which can intensify price movements already underway due to macro catalysts. With XRP now trading at $2.32, down 17% in 24 hours, market participants are shifting their attention to forthcoming policy signals. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. The post Here’s Why XRP Price Dumped Today appeared first on Times Tabloid .
