XRP Soars Amidst Tariff Suspension Announcement

On April 9, 2025, President Trump announced a suspension of tariffs for all countries, effective immediately and set to last 90 days. However, this exemption does not apply to China or other nations with reciprocal tariffs against the United States. The administration cited boosting global trade liquidity, stabilizing the US economy amidst international tensions, and reducing costs for domestic manufacturers and consumers as justifications for the policy shift. 18% increase in XRP value within 24 hours. While initially focused on traditional markets, this move reverberated across the digital asset sector. Notably, XRP saw a rapid price surge exceeding most of its counterparts within hours following the announcement. This rally was attributed to investor confidence spurred by the tariff suspension signaling a pause in ongoing trade frictions. The positive market sentiment extended beyond traditional financial instruments and was reflected in the performance of several digital assets. XRP’s price surged by over 18% within a short period, fueled in part by a shift in investor sentiment influenced by macroeconomic implications of the tariff suspension.