XRP has climbed to $2.24 today, gaining 5.77 percent in the past 24 hours. The price movement reflects increased investor interest driven by macroeconomic and diplomatic developments.
Yesterday afternoon, President Donald Trump declared a great trade deal with the United Kingdom. This evolution has created a more positive marketplace while mitigating the risk of further blows to worldwide trade from further disagreements.
Also, US Treasury Secretary Scott Bessent met Chinese commerce officials on a diplomatic tour of Switzerland. He pointed out that current tariffs are not sustainable but stressed the need for continued economic cooperation.
These signals from the US government have triggered optimism across traditional and digital markets. Investors are responding favorably to indicators of decreased tensions and increased global economic progress.
Also Read: XRP Eyes Key Technical Breakout as Bulls Attempt Shift in Market Structure
According to market data, XRP’s capitalization has shot up by 5.90 percent to $131.4 billion today. Meanwhile, daily trading volume almost doubled, up 99.88 percent to $5.05 billion.
This exuberant increase in volume points to upward demand from retail and institutional investors. Consequently, XRP has become interesting due to its utilitarian use case in cross-border payments.
XRP Maintains Uptrend Through the Day as Momentum Builds
XRP started the day trading at $2.12 and maintained a quiet overnight range before an upward trend continued steadily from the early morning until the late afternoon.
By midday, XRP had increased above $2.20 and held up buying pressure throughout the day. The token hit a high near $2.27 before closing slightly lower but remaining slightly above its daily highs.
Source: CoinMarketCap
This steady price rise is a strong reversal of sentiment after the geopolitical and market events. Investors are confident that XRP’s real-world utility is a reason to expand its value even further.
The broader cryptocurrency market also gained, with total capitalization now at approximately $3.09 trillion. XRP’s participation in the rally further strengthens its position as one of the major market players.
XRP’s sharp ascent today owes itself to improved diplomatic relations and the revival of investor confidence. Powerful trading movements and positive macro signals continue to support the asset’s upward momentum.
Also Read: New Important XRP ETF Date Set for May 21 – Here’s What’s Coming
