Concerns over tariffs and the recent breach of a crypto exchange may be fueling a decline not seen since President Trump’s election victory in November. Investors in cryptocurrencies are seeing red today.

Ambitious price forecasts abound in the cryptocurrency market, and XRP has long been regarded as one of the best cryptocurrencies with solid institutional support. Though XRP is becoming increasingly resilient and accepted in the financial industry,

XRP is trading at around $2.50, down 3.6% in the past 24 hours and 7.5% over the last week. But a major move could be on the horizon — Japan’s entire banking sector is gearing up to integrate Ripple’s XRP for transactions.

The XRP price may be at a significant risk of a big crash this year even as it faces major catalysts in the coming months. Ripple has formed the head and shoulders chart pattern, a popular bearish sign in the market that points to double-digit losses in the coming weeks.

Cryptocurrencies tumbled Tuesday but launched a tentative rebound, mirroring that of the U.S. stock market, early Wednesday.