XRP News Today: Bitcoin Surges 10% to $109,600 as Trump Delays EU Tariffs

Bitcoin (BTC) experienced a significant rebound, reaching $109,600 in late Sunday trading. This surge was driven by President Donald Trump's announcement of a delay in imposing a proposed 50% tariff on European Union goods, which was initially set to take effect on June 1. The delay, now pushed to July 9, provides both the U.S. and EU with additional time to finalize a trade deal, thereby alleviating some of the near-term pressure that had been affecting markets.

This development had a positive impact on both traditional and crypto markets. Equity futures trended higher, with the S&P 500 up 0.9% and the Nasdaq-100 gaining 1%. The ripple effects of this news were evident in the crypto market, where several major cryptocurrencies followed Bitcoin's rally.

Ethereum (ETH) is currently trading at $2,570, marking a 2.34% increase in the past 24 hours. This rise comes amid a 17% uptick in trading volume and growing interest from technical analysts. According to crypto analyst Ted Pillows, ETH is forming an inverse head-and-shoulders pattern on the 12-hour chart, which is often a precursor to significant upward movement. The critical “neckline” for this pattern sits at the $2,700 mark, a level that has recently rejected Ethereum’s price advances twice. A decisive breakout above this $2,700 level could propel ETH up towards the $3,000 psychological milestone, which would mark an impressive 17.4% rally from its current levels.

XRP is trading at $2.34, with its daily volume pushing past the $2 billion mark. The token is getting a significant boost from a major real-world adoption milestone. A firm named Ctrl Alt, working in collaboration with the Dubai Land Department and the Virtual Assets Regulatory Authority (VARA), has just launched a groundbreaking tokenization initiative that heavily utilizes the XRP Ledger. This project enables fractional real estate ownership in Dubai through the PRYPCO Mint platform, allowing investors to co-own prime Dubai properties starting with investments as low as just AED 2,000. This ambitious move not only underscores XRP’s growing utility in the asset tokenization space but also aligns perfectly with Dubai’s ambitious strategy to build out a $16 billion tokenized property market by 2033.

Solana (SOL) is holding firm around the $170–$180 range, with technical signals flashing green for a potential breakout. The convergence of its 50-day, 100-day, and 200-day exponential moving averages–just below current prices–is a textbook setup for explosive moves. Volume trends suggest investor confidence, as steady accumulation has followed a sharp May rally from $130. The RSI remains balanced in the mid-50s, giving Solana ample room for upside. A confirmed breakout above $180 could validate a new bullish phase, with $185 being the immediate resistance to watch.

In summary, the delay in EU tariffs by President Trump has had a positive impact on the crypto market, with Bitcoin leading the rally. Ethereum, XRP, and Solana have all followed suit, with each cryptocurrency showing signs of bullish momentum. Ethereum's inverse head-and-shoulders pattern suggests a potential breakout to $3,000, while XRP's real-world adoption in Dubai's real estate market highlights its growing utility. Solana's technical indicators point to a potential breakout above $180, validating a new bullish phase. Overall, the crypto market is showing signs of strength, driven by positive developments in the broader economic landscape.