XRP is trading near $1.43, up 2.30% , after a long period of pressure in the digital asset market. The token has struggled since the start of 2026 as the wider market faced heavy selling. At the same time, the United States Supreme Court has struck down most of former President Donald Trump’s global tariffs. The ruling may affect consumer inflation and market liquidity, which can also influence investor sentiment across risk assets, including XRP and Bitcoin. Source: CoinCodex The court ruled that Trump exceeded his authority under the International Emergency Economic Powers Act. The 6–3 decision has created a new debate about future tariff policy and about the government’s ability to continue collecting billions in levies. Several firms are now waiting to see whether refunds will be processed. The decision arrives as XRP trades in a narrow range while volatility compresses. Market Structure Shows Low Volatility as XRP Trades Near $1.41 XRP has fallen 61% from its all-time high of $3.66. The asset has posted four monthly losses and may record another one. Yet market data shows that selling pressure is slowing. The historical volatility indicator has fallen to 96. Traders last saw this level in June 2024. Austin, a market commentator, noted that this point marked a major compression phase. XRP traded at $0.45 in June 2024 and then moved to $0.38 weeks later. That level formed the bottom. XRP then rallied in November 2024 after four months of reduced volatility. Source: X Austin said the same pattern is now forming, although XRP is posting higher lows than in 2024. He believes the price may be building pressure that could result in expansion. “Compression leads to expansion,” he said. He also noted that volatility has formed an ABCDE wave structure inside a contracting triangle. The recent low reading may mark the end of Wave E. If this is correct, the next move would be upward. Austin mentioned that such a move could retest the 2017 region near $3.3 if momentum grows. XRP On-Chain Metrics Indicate Renewed Stability On-chain data also points to a possible shift. The Market Value to Realized Value ratio is now below 1.0. This ratio often signals undervaluation. Analysts note that such periods have appeared near market turning points. Green bars on the MVRV model show that XRP is “getting low.” The asset has spent several days under the 1.0 threshold. Historical patterns show that a reversal often occurs when this level persists for about 15% of trading days. Source: Glassnode In July 2024, XRP posted similar readings, but the token gained 51% shortly after. Traders do not expect the same outcome, but the structure indicates the asset may be close to forming a base. Addresses holding at least 10,000 XRP have also stabilized. This group had seen its largest decline since 2020. Analysts say stability in this range may suggest improved mid-tier confidence. Supreme Court Decision Adds a New Macro Factor for Markets The Supreme Court decision on Trump’s tariffs may influence market liquidity. The ruling affects levies placed on goods from major partners such as Canada, China, and Mexico. Senate Minority Leader Chuck Schumer called the ruling “a victory for the wallets of every American consumer.” Other lawmakers said the tariffs had acted as a tax on families. The court said that only Congress can impose taxes, including tariffs. The ruling leaves open the question of refunds. More than 1,000 companies have filed lawsuits requesting repayment. Some judges warned that the issue may affect operations. Justice Amy Coney Barrett said the refund process “could be a mess” during the hearing. The government collected more than $134 billion under the tariff authority. Trump warned that refunds could strain the Treasury. Markets now wait to see how the administration will respond.
