In the last 24 hours, XRP's price surged by 19%, breaking the $2 mark following President Donald Trump's announcement of a 90-day pause on all reciprocal tariffs, positively influencing market sentiment.
Overall Market Condition of XRP
According to CoinMarketCap data, XRP's price is currently at $2 with a 14% uptrend on the day. The primary stimuli for this growth are the tariff pause announcement and the listing of the XXRP ETF on the New York Stock Exchange.
Price Predictions and Analysis
Despite recent gains, technical analysts warn of bearish signals. XRP has been in a descending triangle pattern since December 2024. Analysts from CasiTrade suggest that the price could fall to $1.55 if the $1.81 support level is breached.
Impact of Economic Policy on the Crypto Market
The trading volume of XXRP ETF on its first day was $5 million; however, this does not negate market volatility. The ongoing trade tensions between the US and China introduce additional uncertainty for both cryptocurrency and traditional markets.
Thus, although XRP has shown significant growth, its future movement remains uncertain in light of current economic conditions and analytical forecasts.
