TLDR
- XRP recovers $30 billion after tariff news, rising from $2.37 to $2.58.
- Institutional buying powers XRP’s 8% jump amid broader market volatility.
- XRP exhibits bullish momentum, supported by strong levels at $2.37 and resistance at $2.59.
- Analysts predict XRP could hit $2.70–$2.75 if current trend continues.
XRP has rebounded sharply, recovering $30 billion in market value following a steep decline triggered by recent trade tensions. Following a significant decline in the wake of tariff announcements, the cryptocurrency experienced a 8% surge, signaling a strong recovery driven by institutional buying. The price has climbed from $2.37 to $2.58, and traders are watching closely for further moves as broader market conditions shift. This rebound shows confidence in XRP’s long-term potential despite the broader economic uncertainty.
XRP Recovers $30 Billion Amid Tariff Shock
XRP saw a notable recovery over the past 24 hours, clawing back $30 billion in market value after a drastic drop in the previous week. The price of XRP surged from $2.37 to $2.58, marking a substantial 8% increase.
This sudden rebound comes after the digital asset was hit hard by news of a 100% tariff on Chinese goods, announced by President Trump. The tariff news caused panic in global markets, with cryptocurrencies, including XRP, experiencing a sharp drop in value. XRP was among the hardest hit, suffering a 50% wipe-out in a matter of minutes.
However, the latest surge in XRP’s price indicates a swift recovery, largely driven by institutional buying. A spike in trading volumes during the 14:00–17:00 period helped push the price up significantly. “The recent bounce in XRP is backed by aggressive buying by institutional investors, who appear to be capitalizing on lower prices ahead of new macroeconomic developments,” one analyst noted.
Strong Institutional Support Fuels the Rebound
The recovery was marked by explosive institutional volume, signaling a shift in market sentiment. The rebound confirms that institutional investors are taking advantage of lower prices, positioning themselves ahead of future economic news.
The surge in XRP price coincided with a broader pullback in traditional markets, with both the Dow and Nasdaq experiencing substantial losses. Despite this, XRP managed to attract selective inflows from institutional traders.
This volume-driven rally is a clear indicator of growing confidence in XRP’s potential, especially as news from traditional markets and government policy continues to drive broader sentiment. With institutional investors showing interest, XRP is starting to demonstrate resilience, which could lead to further price movement in the near future. Analysts are optimistic that XRP could soon reach new highs if this momentum is sustained.
Technical Outlook for XRP
From a technical perspective, XRP is showing a clear ascending channel. With a strong base at $2.37 and resistance forming near $2.59, traders are closely monitoring these levels for any signs of further upside.
XRP managed to close above $2.57, suggesting a potential shift in trend. Analysts suggest that a sustained close above $2.59 could set the stage for a move toward $2.70–$2.75, with some even eyeing a potential breakout above $3.00.
However, if the price fails to maintain support at $2.50, there could be a retracement toward the $2.42 level. Traders are watching for any breakout above $2.59, which could trigger additional buying. Momentum remains bullish as long as XRP continues to find support at these key levels, with institutional buying playing a major role in pushing the price higher.
Market Sentiment and Future Outlook
The broader market sentiment remains cautious, as trade war developments and Federal Reserve policy updates continue to influence risk appetite. While traditional markets are facing significant downturns, XRP’s strong performance amidst these conditions suggests that some investors view the cryptocurrency as a safer bet in times of uncertainty.
Market participants are also closely watching news around Exchange Traded Funds (ETFs) and the potential for further institutional inflows, which could provide an additional boost to XRP’s recovery.
As new developments unfold in the trade war and macroeconomic landscape, XRP’s performance could continue to see increased volatility. However, the current trend suggests that investors remain optimistic about XRP’s long-term prospects, with a focus on institutional involvement and continued technical strength.
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