Here is Why XRP is Suddenly Up Today – Will the Surge Sustain?

XRP is trading at $2.44 after recording a 2.03% increase in the last 24 hours. The price action comes as market sentiment shifted following updated reports surrounding Donald Trump’s upcoming tariff announcement scheduled for April 2.

According to analysts, XRP’s rally is tied to optimism sparked by expectations of a more measured trade approach. The XRP community reacted positively after Trump’s update, which was interpreted as indirect support for Ripple and its ecosystem.

Also Read: Ripple Fires Back at SEC, Demands End to Crypto Confusion in Explosive New Letter

At the start of the session, XRP was priced around $2.3981 and saw slight downward movement in early trading. The chart shows price fluctuations through the evening, followed by stronger upward momentum after 3:00 AM local time.

The token rose steadily during the morning, crossing the $2.46 level before returning slightly to $2.44. Trading volume also spiked by 58.57 percent to $2.78 billion, reflecting renewed interest from investors and traders.

XRP has remained above its 50-day moving average for two consecutive weeks, reinforcing the current bullish trend. The circulating supply is reported at 58.15 billion tokens, with a total market capitalization of $142.17 billion.

The broader crypto market followed a similar trend, with Bitcoin rising 2.7 percent to $86,500 during Monday’s early session. Solana also advanced nearly 6 percent to reach $138, continuing its positive price performance from last week.

Meanwhile, U.S. stock futures for the S&P 500 and Nasdaq each recorded gains of 0.5 percent during the same period. The VIX index, Wall Street’s fear gauge, dropped by 2.5 percent, indicating reduced investor concern.

Reports now suggest Trump’s tariff proposal may exempt certain countries and avoid cumulative metal duties like steel. This softer outlook has relieved risk assets, fueling optimism across equity and cryptocurrency markets.

Fed Outlook and Key Events May Influence XRP’s Momentum

In addition to tariff relief, the Federal Reserve maintained its plan for two interest rate cuts this year. The central bank raised its inflation forecast but dismissed fears that tariffs would create lasting price instability.

BitMEX co-founder Arthur Hayes projected that Bitcoin could surge to $110,000 before dropping to $76,500. He attributed the outlook to the Fed’s transition from monetary tightening to easing, which supports continued strength in crypto assets.

Investors are now watching two critical developments that could impact markets in the coming days. On March 27, the Senate Banking Committee will review SEC nominee Paul Atkins and OCC nominee Jonathan Gould.

Later in the week, the Federal Reserve’s preferred inflation gauge, the PCE index, will be released on Friday. The data will likely influence future interest rate adjustments and broader market positioning expectations.

Conclusion

Easing tariff fears, Fed policy stability, and rising market investor confidence support XRP’s surge. Whether the token sustains this momentum will depend on key political and economic developments in the days ahead.

Also Read: Uniswap (Uni) Price Prediction For The Year (2025–2028): Will Uniswap (Uni) Hit $30 Soon?

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