Analysts Call XRP’s Price Crash a “Black Swan” Moment
The cryptocurrency XRP recently grabbed headlines after facing one of its steepest one-day price drops in recent history.
Crypto analyst Chad Steingraber referred to the sudden crash as an “XRP Black Swan event,” highlighting the magnitude of losses that coincided with a wider market sell-off on October 10.
The global economy was jolted after U.S. President Donald Trump unexpectedly announced a 100% tariff increase on imports from China.
This decision reignited fears of a renewed trade war between the two biggest economies in the world, triggering a wave of panic across global markets — from stocks and commodities to cryptocurrencies.
Amid the chaos, the total crypto market capitalization slipped below $4 trillion, briefly touching around $3.7 trillion.
Within hours, billions of dollars worth of leveraged positions were liquidated, marking one of the most volatile trading sessions in recent times.
