Trade Uncertainty Impacts XRP Value

The cryptocurrency market has been experiencing significant volatility driven by geopolitical developments. While prices for XRP rose until June 10, this momentum was interrupted as concerns over a potential trade conflict escalated following new tariffs announced by President Trump. Despite a positive U.S. Consumer Price Index (CPI) figure of 2.4% for May, XRP saw a 4% depreciation, landing at $2.23. Global factors, including talks between the U.S. and China on rare earth minerals and student exchanges, brought some optimism to risky assets like cryptocurrencies but this quickly faded in the face of Trump’s tariffs.