- XRP jumps 7.2% as U.S. Canada trade clarity calms markets
- Senate crypto bill timing boosts confidence in Ripple linked assets
- Trade reassurance and regulation signals drive XRP recovery momentum
XRP staged a sharp rebound after several sessions of selling pressure, lifting confidence across the broader digital asset market as sentiment stabilized. The token climbed 7.2% as investors reacted to easing trade tensions between the U.S. and Canada, while renewed attention on U.S. crypto legislation added momentum to price action.
Market tone improved after Canadian Prime Minister Mark Carney addressed speculation around China and dismissed reports of a Canada-China free trade agreement, according to public remarks.
That clarification helped calm fears of a possible 100% tariff on Canadian goods entering the U.S., which had weighed on risk assets. Earlier concerns emerged after officials within the Donald Trump administration warned against closer Canada-China cooperation following a deal involving 49,000 Chinese electric vehicles entering Canada at a 15% tariff. Although that rate dropped from 100%, U.S. officials stressed the vehicles would not cross American borders.
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Consequently, Carney reaffirmed Canada’s commitment to U.S. trade ties, supporting a more stable macro backdrop. XRP rebounded from $1.81, surged toward $1.94, then eased near $1.88 as volatility softened.
Senate Crypto Timeline Adds Momentum to XRP Recovery
Besides trade developments, attention shifted toward regulatory progress in Washington as lawmakers revisited key crypto legislation. According to reports, the U.S. Senate Agriculture Committee rescheduled the Market Structure Bill markup to January 29, following an earlier delay that reopened debate around bipartisan support. Optimism grew that the extra time could help pro crypto lawmakers strengthen backing, an outlook that resonated with XRP investors due to Ripple’s long regulatory exposure.
Market participants increasingly linked clearer rules to stronger confidence across compliant digital assets. Ripple CEO Brad Garlinghouse expressed support for the Crypto Market Structure Bill, according to public statements, noting that regulatory clarity would enhance Ripple’s operations and broader ecosystem. Those remarks reinforced expectations that XRP could benefit from structured oversight.
From a broader view, XRP’s rally reflected improved risk sentiment instead of speculative excess, while alignment between macro clarity and legislative progress amplified buyer interest. Technical traders also pointed to XRP holding above $1.80 as a sign of sustained demand, as markets continued tracking Capitol Hill developments closely.
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