- XRP surged to $2.08 following Trump’s surprise 90-day global tariff relief announcement, excluding China from the rate reduction.
- The digital pass encountered stiff resistance at important technical thresholds at $2.04 and $2.38, preventing it from escalating further.
- The RSI for XRP shows a value of 43.32 with the 20-day EMA price at $2.11 still intact, indicating potential risks, although prices have risen recently.
XRP surged nearly 12 percent in the past 24 hours, briefly crossing the $2 mark during Thursday’s trading session. The market saw this price fluctuation as a part of an overall digital asset price surge, which occurred because geopolitical tensions were decreasing.
The rally followed an unexpected announcement from U.S. President Donald Trump, who shared via Truth Social that a 90-day pause on reciprocal tariffs would take effect. The new rate was reduced to 10 percent, except for China, which faced a sharp increase to 125 percent. Trump cited “a lack of respect” as the reason for targeting China, while over 75 nations opted not to retaliate, encouraging his administration’s pause.
XRP among top crypto gainers
Cryptocurrency markets responded positively, with XRP standing out as one of the strongest performers. The token peaked at $2.08 during the rally. Despite this momentum, XRP faced noticeable resistance at $2.04 and $2.38, levels identified by analyst Ali Martinez as key technical barriers.
Market data from CoinMarketCap shows XRP has not yet surpassed its 20-day exponential moving average, currently positioned at $2.11. The Relative Strength Index (RSI) reads at 43.32, reflecting neutral to slightly bearish momentum despite the price jump.
Traders eye key resistance levels
Chart trends indicate a possible retest of the middle Bollinger Band around $2.15. XRP must maintain its footing above the lower band support of $1.78 to support a continued upward move. Numerous market analysts predict XRP will attempt to surpass $2.15 as support maintains then target $2.50 during the upcoming days.
The temporary tariff freeze during these 90 days has triggered improved circumstances for risk-related assets, including cryptocurrencies. XRP has received temporary gains but its current price stability requires market direction stability and long-term confidence from investors that policies will remain consistent.
