XRP Surges 15.3% to $2.08 After Trump's Tariff Pause

XRP, the cryptocurrency, experienced a significant rebound, surging 15.3% to reach $2.08 on April 9. This price increase followed President Donald Trump's announcement of a 90-day pause on reciprocal tariffs, excluding China. The pause in tariffs was seen as a positive development for the cryptocurrency market, which had been under pressure due to ongoing trade tensions.

Prior to this rebound, XRP had fallen to a multi-month low of $1.64 on April 7. The decline was attributed to investor caution amid escalating tariff tensions, which led to a retreat from risky assets, including cryptocurrencies. Despite several unsuccessful attempts to recover above $2, XRP finally broke through this resistance level following the tariff pause announcement.

Market analysts highlighted that the primary driver behind XRP’s surge was the tariff pause announcement. President Trump's statement, issued on April 9, temporarily halted all reciprocal tariffs for 90 days, with the exception of China. During this period, the U.S. would lower its reciprocal tariffs to 10%. This move was seen as a positive development for the cryptocurrency market, which had been under pressure due to ongoing trade tensions.

China, however, was excluded from this measure. Instead, President Trump raised China’s tariffs to 125%, citing the lack of respect the country had shown to world markets. This exclusion was seen as a negative development for the cryptocurrency market, which had been under pressure due to ongoing trade tensions.

Several technical analysts have shared bullish projections for XRP’s future price movement. One popular analysis using Elliot Wave Theory suggests that XRP has completed its first wave after rallying from $0.50 to $3.40. According to this analysis, XRP is currently in Wave 2, which could see the price drop to a buy zone between $1.70 and $1.00. Due to market volatility, there might even be a temporary drop below the $1 psychological level.

The analyst predicts that once Wave 2 completes, Wave 3 could propel XRP to around $20. If XRP achieves this all-time high, its market cap at current supply would reach approximately $1.16 trillion. The fourth wave would likely trigger a correction to roughly $7 before a final wave potentially pushes XRP to $30. However, such price targets would likely take years to materialize, even with favorable market conditions.

Short-term analysis shows XRP has been trading in a value area between $2.11 and $2.60 from December 2024 to April 2025. If XRP can maintain a position above $2.11, it could potentially rally to test $2.41 or $2.60. Another technical analyst, EGRAG Crypto, recently highlighted a bullish crossover on the XRP/BTC chart. The 55-week Exponential Moving Average (EMA) crossed above the 155-week Simple Moving Average (MA) on February 17, 2025. This marks only the second time in XRP/BTC trading history that such a pattern has formed. The last occurrence was on May 15, 2017, which preceded a staggering 958.97% surge in the XRP/BTC ratio.

Based on this historical precedent, EGRAG suggests a similar explosive run could materialize. If the XRP/BTC pair repeats the previous 958% rally, the ratio would climb to about 0.000171 BTC. At varying Bitcoin price points, this could translate to different XRP values. For instance, if Bitcoin trades at $97,000, XRP would be valued at roughly $16.5. Should Bitcoin reach $130,000, XRP would hover around $22. At $150,000 Bitcoin, XRP would approach $25, while a $170,000 Bitcoin could push XRP to approximately $29. These projections depend on both the XRP/BTC ratio maintaining momentum from its February bullish crossover and Bitcoin sustaining its macro uptrend.

At press time, XRP trades at $2.03, having retraced slightly from its recent high. While it remains down 3.35% over the past week and 5.06% over the last 30 days, its 24-hour gains stand at 12.4%. Bitcoin currently trades at $81,753, down slightly from an earlier intraday peak of $82,743. With these current prices, the XRP/BTC pair stands at approximately 0.000024. Several factors could impact XRP’s direction in the coming weeks. Bitcoin’s price movements will likely influence XRP, as will macroeconomic developments such as Federal Reserve policy changes. Additionally, any further developments in the U.S.-China trade tensions could affect risk sentiment across cryptocurrency markets.

While long-term price projections of $20-30 may seem extreme given current market conditions, shorter-term targets of $2.41 and $2.60 appear more realistic if market sentiment remains positive. The next week could see XRP either rally toward these targets or potentially face rejection at $2.11, which might lead to an extended correction toward $1.47.