XRP Rebounds 8% as $30B Flows Back In After Trade-War Rout

XRP has staged a significant recovery, regaining $30 billion in market value after experiencing a sharp collapse due to tariff-related news. Prices shot up from $2.37 to $2.58, spurred by substantial institutional trading activity, indicating strong buying interest as investors react to new macroeconomic updates. Analysts suggest the potential for XRP to surpass $3.12, a level that would represent its strongest performance to date. The rebound follows a dramatic drop triggered by a 100% tariff declaration on China by President Trump, leading to a rapid liquidation in the crypto markets. As broader financial markets remain cautious, some institutional investors are selectively increasing their positions in XRP. From October 12 to early October 13, XRP price fluctuated within a $0.22 range, with a notable increase in trading volume, particularly during peak periods. Technical indicators suggest that sustained trading above $2.59 could drive prices toward $2.70-$2.75, while maintaining support at $2.37 is critical in the current bullish momentum.

Source 🔗