XRP Surges 12% as U.S. Tariff Halt Boosts Market Sentiment

XRP, the cryptocurrency token associated with Ripple, experienced a significant surge, jumping by 12% within a short period. This rally brought the token from a key support level around $1.75 to a resistance point between $2.14 and $2.15. The upward momentum was driven by a combination of factors, including improved investor sentiment and major geopolitical developments. Notably, the U.S. President announced a 90-day halt to recently imposed tariffs, which had been exerting downward pressure on global markets. This tariff relief contributed to a broader market rally, with XRP benefiting from the positive sentiment.

The token's price spiked from approximately $1.80 to $2.04 within an hour, marking an over 13% increase and a 10% gain over a 24-hour period. This rapid ascent pushed its market capitalization to over $118 billion. The crypto community speculated that if XRP falls below $1.30, whales may buy in heavily, potentially stabilizing the price and positioning it for a rebound to $2.50–$3.00 if further changes in tariffs occur. Analysts also noted that achieving a price of $2.50 to $3.00 by the end of April would require a sharp and quick rally from the current level of $2.04.

Geoffrey Kendrick, global head of digital assets research at a prominent financial institution, predicted that XRP could reach $5 by the end of 2025 and potentially jump to $12.50 by 2028, representing a potential gain of over 500% from current prices. This optimistic outlook is based on the token's recent performance and the broader market trends. However, it is important to consider the pending litigation, market trends, and institutional demand, which could influence XRP's trajectory in the coming days.

The next few days will be crucial as investors monitor whether the momentum can sustain XRP's upward movement to the next significant milestone. The token's ability to break through the resistance level at $2.14 to $2.15 will be a key indicator of its potential for further gains. Despite the positive sentiment, the crypto market remains volatile, and investors should remain cautious and informed about the various factors that could impact XRP's price.