XRP, known for its volatility, experienced significant growth, surging nearly 12% in 24 hours. This occurred after a recent announcement by U.S. President Donald Trump regarding the temporary suspension of import tariffs, eliciting positive market reactions.
XRP Growth Amid Trade Changes
XRP reclaimed $2 after a sharp jump, peaking at $2.08 during the intraday trading session. The 90-day tariff suspension was announced by Trump, explaining his position on Chinese import goods and international trade.
Technical Barriers for XRP
Despite the strong rebound, XRP faced resistance at multiple price points. Key levels at $2.04 and $2.38 continue to limit the asset's upward momentum. Additionally, according to CoinMarketCap, XRP has not surpassed its 20-day exponential moving average, currently at $2.11.
Market and XRP Community Outlook
The XRP community responded optimistically, interpreting the tariff pause as a positive signal. The administration's economic stance is seen as indirectly supportive of digital assets, especially those positioned for cross-border trade.
While XRP's rise to $2 marks a significant event, resistance levels and uncertain macroeconomic factors remain key hurdles for further growth. Investors are closely watching whether XRP can hold above support and regain momentum in the short term.
