XRP Price Surges 19% After Trump Tariff Halts

XRP prices experienced a significant jump of 19% in the past 24 hours, surpassing $2.08 following President Trump’s announcement of a 90-day pause on reciprocal tariffs. This pause, excluding China, saw a corresponding 125% hike in response to US counter-tariffs. The surge was fueled by positive macroeconomic news and the listing of the XRP ETF on the New York Stock Exchange (NYSE) Arca. However, chart analysis suggests a bearish signal for XRP with prices currently at $2.08 after a 14% daily gain. XRP price prediction is mixed. While some traders see potential for short-term gains, others point to an impending drop based on technical analysis including descending triangle patterns and Elliott Wave Theory.