XRP News Today: XRP Surges 5% as Trump Tariffs and Fed Delay Spur Crypto Market Volatility

XRP Leads Market Gains as Bitcoin Nears $115K Amid Trump Tariff Fears and Fed Rate Uncertainty

Crypto markets opened with a mixed tone on Monday, with XRP and Dogecoin leading the day’s gains amid uncertainty over U.S. President Donald Trump’s tariff policies and the Federal Reserve’s stance on interest rates. Bitcoin stabilized near $114,500 after significant outflows from U.S. spot-linked ETFs triggered sharp declines over the weekend. Ether followed a similar trajectory, stabilizing above $3,550, though both cryptocurrencies remain below key breakout levels [1].

The market downturn was largely driven by the largest ETF outflows in months. Bitcoin ETFs recorded nearly $1 billion in outflows on Thursday and Friday, pushing the asset to around $114,000 before a modest rebound. Ether also saw a notable $152 million outflow on Friday, halting a nearly month-long streak of inflows and increasing downward pressure on its price [1].

Trump’s recent imposition of fresh tariffs on Asian and European goods has added to market anxieties, contributing to broader risk-off sentiment. “The dip was driven by concerns over Trump’s tariff stance and the Fed’s signal that it’s not keen to cut rates soon,” said Jeff Mei, COO at BTSE, in a note to CoinDesk. However, opportunistic buying has emerged ahead of U.S. markets opening, suggesting that the bearish sentiment may be overblown [1].

Retail-focused assets like XRP and Dogecoin saw the most immediate gains, rising as much as 5% in early Asian trading. Cardano’s ADA, BNB, and Solana’s SOL also rose over 3%. Augustine Fan, Head of Insights at SignalPlus, attributed the relative stability to deeper liquidity provided by institutional players, noting that “the rising presence of professional desks has brought deeper secondary liquidity.” This, he added, helped cushion what could have been a more chaotic unwind in earlier market conditions [1].

Despite these gains, broader crypto sentiment remains cautious. ETF buyers have yet to re-enter the market, and Bitcoin remains below the critical $118,000 breakout zone. Ether must push above $3,500 to avoid triggering further systematic selling. Meanwhile, macroeconomic conditions continue to offer a soft floor, with U.S. equity futures rising 0.4% following a weak jobs report, and the MSCI Asia Pacific Index recovering from early losses [1].

Source: [1] XRP Leads Market Gains, Bitcoin Nears $115K as Trump Tariffs Sour Bullish Crypto Mood (https://www.coindesk.com/markets/2025/08/04/xrp-leads-market-gains-bitcoin-nears-usd115k-as-trump-tariffs-sour-bullish-crypto-mood)