XRP price saw a sharp increase following US President Donald Trump's announcement to halt tariffs on Mexico and Canada.
Sharp Increase in XRP Price
Over the past 24 hours, XRP price surged by 11% to reach $2.56 after US President Donald Trump decided to pause the introduction of tariffs on goods from Mexico and Canada.
Technical Indicators Analysis for XRP
On the 4-hour chart, XRP has broken from a descending wedge, with trading volume indicating strong bearish pressure. The price found temporary support around $2.2, later recovering to the current level.
XRP Forecast and Outlook
If XRP can reclaim the $2.80 level, it may signal the return of bullish momentum. Failure to do so will likely lead to renewed bearish pressure with key support observed at $2.40.
In the near future, XRP might either continue its recovery or face renewed selling pressure depending on its ability to overcome key resistance levels.
