XRP recorded a sudden price increase of more than 12 percent on Thursday, surprising global market participants. The surge followed a major announcement by former U.S. President Donald Trump regarding international tariff policies and trade relationships.
A White House statement published on Truth Social reveals that Washington will temporarily stop most tariff rates for three months. The brief modification reduces most import and export tariffs to 10 percent but does not apply this to Chinese products due to higher rates.
Washington continues to display strong measures against China through higher tariffs, which now stand at 125 percent. In recent months, the global market’s reaction to this development has produced one of its most potent daily price surges.
The U.S. stock market staged a sharp rebound, while the cryptocurrency market experienced significant upward momentum shortly after. Bitcoin surged to $82,000 during the session, and the global crypto market cap rose over eight percent.
Also Read: Here’s What’s Next For XRP as Trump Halts Tariff Plan
XRP Breaks Above Key Levels After Strong Support Bounce and Market Confidence Surge
The XRP community reacted optimistically as the news was interpreted as bullish and a boost to XRP’s trajectory. XRP rebounded from a strong support level of around $1.75 and briefly touched the $2 price mark.
Technical barriers stand at $2.14 to $2.15 for the token to continue upward movement. After XRP breaks through this resistance range, the upcoming price targets extend to $2.47 and $2.56.
Market experts attribute the current uptrend to macroeconomic stimulations and recovering speculative activities. Despite these current price movements, market analysts point out that XRP stays within a bearish structure over extended periods.
A recent price move could stay short-term only unless rising volume and stable trading above resistance levels help validate it. Market traders monitor this price movement closely to determine whether it will break out or cause trading ranges to form.
Price action over the next few days will likely determine whether this surge marks a lasting trend shift.
Ultimately, XRP’s sharp 12 percent gain reflects broader market relief following a major tariff policy announcement by Donald Trump. Sustained momentum will depend on market confirmation and XRP’s ability to hold above critical technical resistance zones.
Also Read: Here’s Why Bitcoin and the Entire Crypto Market are Suddenly Rising Today
