XRP Surges 12%: What’s Driving the Bullish Move?

XRP experienced a significant price jump of over 12 percent on Thursday, surprising market participants. The surge followed an announcement by former U.S. President Donald Trump regarding international trade policies and tariffs. A White House statement published on Truth Social revealed that Washington will temporarily suspend most tariff rates for three months, with the reduction affecting imports and exports primarily to 10 percent. This measure does not apply to Chinese products due to higher existing rates. While the U.S. continues to impose high tariffs against China (currently at 125%), this move has sparked a notable market response, particularly in cryptocurrency. Bitcoin climbed to $82,000 during the session and saw the global crypto market cap rise by over eight percent. XRP rebounded from a key support level around $1.75 and briefly touched the $2 price mark, indicating positive sentiment within the XRP community. Experts attribute this surge to macroeconomic stimuli and increased speculative activities. Despite these short-term gains, analysts note that XRP remains within a bearish structure on a longer time frame. The coming days will likely reveal whether this sudden surge marks a lasting trend shift.