On April 9, 2025, President Donald Trump announced a suspension of tariffs for all countries, which also impacted the digital asset market, notably XRP.
Outcomes of the Tariff Announcement
The tariff suspension was announced to boost global trade liquidity and stabilize the U.S. economy. However, this decision does not apply to China and other countries with reciprocal tariffs against the U.S.
Market Reaction to XRP's Price Surge
Following the announcement, traditional markets experienced substantial gains. Major U.S. indices recorded one of their strongest single-day performances. XRP, in particular, rose by over 18% within a short period, attributed partly to a shift in investor sentiment seeking stability.
XRP's Future Amid Economic Changes
The recent price movement in XRP also builds upon prior news about the creation of a U.S. crypto reserve, with XRP being a key asset. The possibility of XRP-based ETFs draws further attention from institutional investors.
The tariff suspension announcement highlights how digital assets like XRP are becoming integral to the global financial system, responding to policy and economic changes.
