XRP prices experienced a significant surge of 7.98 percent on Tuesday, reaching $2.27 according to CoinMarketCap. This jump in value led to an impressive market capitalization expansion of over $132 billion and a doubling of trading volume to reach more than $5 billion. This sudden upward trend is attributed to positive sentiment fueled by statements made by Treasury Secretary Scott Bessent about the potential for a resolution to trade tensions between the US and China.
Bessent’s comments, reported by Bloomberg, were interpreted by investors as indicating an anticipated reduction in existing trade conflicts. This optimism triggered a broader market rally, particularly affecting crypto and equity markets.
Further contributing to the positive momentum, President Donald Trump announced plans for substantial tariff reductions on Chinese imports. Notably, these tariffs are expected to be significantly lowered from their current level of 145 percent, although some will remain partially in place.
This surge isn’t isolated; a broader market trend emerged across digital assets with Bitcoin surpassing $93,000 for the first time since March. Ethereum, Solana, and XRP joined the upward price movement.
On-chain metrics also reflected this growth, showcasing long-term holders driving accumulation.
The rapid increase in trading volume saw XRP climb from $2.09 to $2.27 throughout the day. The coordinated gains across major digital assets suggest a market response to positive geopolitical signals,
driven by a broader sentiment of optimism.
Beyond crypto, meme coins and real-world asset tokens also experienced growth in this market trend.
The surge in XRP price, reaching $2.27, signifies a shift in market sentiment spurred by geopolitical developments. Statements from US officials about the potential for resolving trade tensions with China have ignited renewed interest in digital assets, leading to increased trading activity and wider accumulation.