XRP spiked by 7.98 percent on Tuesday, trading at $2.27, as seen on CoinMarketCap. The sharp rise pushed its market cap to $132.59 billion, with 24-hour trading volume doubling to over $5 billion.
A substantial market rally occurred after Treasury Secretary Scott Bessent expressed his opinions. Bessent made his statement to government officials when he expressed that the ongoing trade conflict between the US and China cannot be maintained indefinitely.
Bloomberg reported his statements, which investors translated as indicating future reductions in the existing trade conflict. These market feelings of optimism caused crypto and equity markets to show positive growth.
Also Read: Ripple-SEC Case Dismissal Likely to Still Delay Despite Atkins Swear-In, EX-SEC Lawyer Opines
During an official interview, President Donald Trump confirmed to media personnel that United States authorities plan to lower the tariffs applied to Chinese merchandise significantly. President Trump indicated that a substantial decline in the 145 percent tariffs would happen, but these would remain partially in place.
Bitcoin surpassed $93,000 in value for the first time since March began. Ethereum, Solana, and XRP joined other digital assets during the upward price movement.
On-Chain Metrics Show Long-Term Holders Driving Accumulation
The rise in XRP price was accompanied by a sharp increase in market activity. Its 24-hour trading volume jumped by more than 100 percent, reflecting stronger investor participation.
XRP’s price climbed from $2.09 to $2.27, showing steady upward movement throughout the day. The coordinated rise among major digital assets suggests a market-wide reaction to easing macroeconomic concerns.
Meme coins and sectors focused on real-world assets also recorded gains. This indicates a broad-based recovery across digital asset classes, rather than an isolated surge in XRP alone.
The broader crypto market also saw gains in sectors such as meme coins and real-world asset tokens. This reinforces the idea that XRP’s rise was not isolated but part of a coordinated market trend driven by positive geopolitical signals.
Conclusion
XRP’s price increase to $2.27 reflects improved market sentiment tied to geopolitical developments. Statements from US officials regarding a possible end to the China trade conflict have ignited renewed interest in digital assets, leading to widespread accumulation and a spike in trading activity.
Also Read: Trump Backs Off Firing Fed Chair Powell But Demands Immediate Rate Cuts
