XRP made headlines again Thursday, surging nearly 12% in the past 24 hours to reclaim the $2 price level.
This jump came during a broader market relief rally following a surprise announcement from United States President Donald Trump.
What Drove the XRP Surge?
Trump announced a temporary 90-day pause on tariffs, lowering the reciprocal tariff rate to 10%. His decision, shared via Truth Social, marks a significant de-escalation in the trade tensions between the US and other countries, except China.
The tariffs on China were raised to 125%. Trump cited a “lack of respect” as the reason for this increase. Meanwhile, a lack of retaliation from more than 75 countries pushed Trump towards a 90-day pause on tariffs.
Markets reacted swiftly—and positively. XRP was among the biggest beneficiaries, surging to a daily high of $2.08. However, despite the bullish momentum, the asset has faced resistance at $2.04 and $2.38, as pointed out by prominent crypto analyst Ali Martinez.
https://twitter.com/ali_charts/status/1909993204092403796
According to CoinMarketCap data, XRP has failed to break above the 20-day exponential moving average (EMA), which currently stands at $2.11.
What Does XRP’s Chart Show Now?
Current technicals suggest XRP needs to prove its strength. The Relative Strength Index (RSI) for the XRP price trajectory reads a value of 43.32, suggesting neutral-to-bearish momentum for the fourth-largest digital asset.
The gradient of the RSI line shows a spike in buying pressure followed by a sudden drop as XRP aims to retain price action above $2.
Meanwhile, XRP is eyeing a retest of the resistance level at the middle Bollinger Band ($2.15). If the lower Band support at $1.78 holds, investors can expect a move towards $2.15 and then $2.5 in the coming days.
