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XRP Price Jumped By 12% to Suddenly Reclaim $2, But Will It Hold?

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Tom Nyarunda

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XRP Price up

Key Takeaways

  • XRP price jumped to $2 during trading Thursday, marking a 12% daily gain.
  • Crypto whales have moved over 70 million XRP tokens over the last two weeks alone.
  • Standard Chartered has predicted that XRP could reach $5.50 by the end of 2025 and $12.50 by the end of 2028.

The XRP price recorded a sudden increase, gaining 12% during Thursday’s trading from the weekly low of $1.65 to reclaim the $2 mark.

According to onchain data from CoinMarketCap, the fourth-largest cryptocurrency by market capitalization was trading at $2.02 at the time of writing, with the sharp rise highlighting the market’s brittle confidence and showing how crucial the $2 resistance level is to XRP’s short-term.

Temporarily Suspension of Controversial Tariff Rates

A post shared by renowned crypto analyst Ali Martinez showed that whales had moved 70 million XRP tokens worth at least $140 million over the last two weeks. According to the expert, investors interpreted the said movements as an accumulation strategy ahead of what the whales believe is an imminent XRP price breakout as soon as macro conditions stabilize.

The XRP price surge came hot on the heels of US President Donald Trump’s announcement concerning international tariff policies and trade relationships. A statement from the White House published on Truth Social explained that the Trump administration temporarily suspended the controversial tariff rates for at least three months. The brief relief would reduce the import and export tariffs to no more than 10% even though the new measure won’t apply to Chinese imports.

A Combination of Factors

The Trump administration has continued to express strong sentiments against China by placing extremely high tariffs, currently standing at over 140%. The reciprocal tariff announced by the US president has hit the global financial markets negatively, leading to one of the most potent daily price surges. While the stock market may have staged an apparent rebound, the crypto market experienced significant upward momentum shortly after, with Bitcoin surging to trade at $82,000 and the global crypto market cap rising at least eight percent.

Investor optimism may also be responsible for the XRP price surge, which saw the token’s trading volume rise to $8.55 billion. A combination of factors could have led to the current position, which started when Ripple announced it was withdrawing its counter-appeal. The regulator also withdrew its appeal in the long-running XRP lawsuit.

XRP Price Moves Could Be Short-Term

Also, earlier this week, Standard Chartered forecast that the XRP price would soon be on an upward trajectory, driving it to $5.50 by the end of 2025 and $12.50 by the end of Trump’s reign. According to the bank, the potential approval of a spot XRP ETF later this year could attract between $4 and $8 billion in investment during its first year alone.

Crypto market experts believe the current XRP price surge is the product of macroeconomic stimulations and ongoing speculative activities. Nonetheless, most analysts warn that XRP isn’t out of the woods yet and retains a bearish structure over the next few weeks. The latest XRP price moves could be short-term unless there are high trade volumes and stable trading above the $2.00 mark that could help validate resistance levels. XRP Price action over the next few days will likely determine whether this surge marks a lasting trend shift.

Conclusion

The sharp 12% XRP price move may reflect the gains made by the broader financial market following US President Donald Trump’s announcement regarding the all-important tariff policy. Whether the token will sustain the momentum will depend on market confirmation and XRP’s ability to hold above critical technical resistance zones; the broader crypto market will monitor whether the token can maintain a position above $2.00 or revert to correction territory.

Frequently Asked Questions (FAQs)

Why is the XRP price up today?

Analysts attribute the XRP price surge to the Trump administration’s announcement regarding delaying trade tariffs and the optimistic Standard Chartered Banks’s prediction on the token price.  

Will XRP reach $5?

XRP would require a market capitalization of $500 billion to reach $5, something most analysts believe is achievable this year. Similarly, the asset would need a $1 trillion market cap to get the $10 per XRP price.

What is the highest XRP that could go?

Several analysts expect that XRP could finally break above its long-held single-digit range by 2027. A commonly cited range for 2027 is $7 to $12.

Tom Nyarunda

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