The price of XRP, a prominent cryptocurrency often impacted by global geopolitical events and economic trends, experienced a noticeable dip after a period of growth. This decline came as the cryptocurrency market faced renewed trade war concerns, with new unilateral tariffs announced by President Donald Trump playing a key role. Despite this downturn, the U.S. Consumer Price Index (CPI) for May offered hope for further interest rate cuts from the Federal Reserve, while XRP’s price still dropped by 4% to settle at $2.23. However, geopolitical tensions between the U.S. and China and their impact on cryptocurrency markets saw some progress made during a meeting in London. This positive development helped ease some of the market’s stress. Nevertheless, President Trump’s announcement of new unilateral tariffs caused uncertainty, impacting the overall sentiment of cryptocurrencies like XRP, Bitcoin, and Ethereum. Meanwhile, the U.S. CPI for May, coming in at 2.4% (below expectations), fueled hopes that the Federal Reserve might soon pause interest rate hikes, a positive long-term factor for all leading cryptocurrencies. This positive signal alongside increased investor interest in tokenized US Treasury bonds via XRP Ledger has been driving increasing confidence in the altcoin’s future.