XRP is back in the spotlight, surging nearly 8% on Tuesday to trade at $2.27, according to data from CoinMarketCap. The move pushed its market cap to a striking $132.59 billion, while 24-hour trading volume more than doubled, soaring past $5 billion.
The price action comes amid a broad-based market rally fueled by renewed optimism on the geopolitical front, specifically, hopes of a thaw in the long-standing U.S.-China trade conflict.
Bessent and Trump Spark Global Optimism
The catalyst? Comments from U.S. Treasury Secretary Scott Bessent, who told lawmakers that the economic friction between Washington and Beijing was “not sustainable” and would need to ease. His remarks were first reported by Bloomberg, and markets across the board reacted immediately.
Shortly after, former President Donald Trump, in a media briefing, added fuel to the fire by confirming that U.S. authorities plan to slash tariffs on Chinese imports, though some levies would remain to preserve strategic leverage. The announcement hinted at a major policy pivot, sparking bullish momentum across both traditional and digital markets.
Bitcoin broke past $93,000, reclaiming a level last seen in early March. Ethereum, Solana, and XRP followed suit—riding the wave of macroeconomic relief and investor enthusiasm.
On-Chain Data Confirms XRP Accumulation by Long-Term Holders
But XRP’s breakout wasn’t just fueled by headlines—it was backed by fundamentals.
On-chain analytics from platforms like Santiment and CryptoQuant show a significant uptick in wallet addresses holding XRP for more than 90 days, indicating strong accumulation by long-term holders.
The spike in volume and wallet consolidation signals renewed investor confidence, especially as XRP hovers above key support at $2.20.
Moreover, exchange inflows have slowed, meaning fewer traders are sending XRP to be sold—a sign that holders are expecting further upside.
Broad Market Rally Includes Real-World Asset Tokens and Meme Coins
Interestingly, this rally wasn’t isolated to XRP. Real-world asset tokens (RWA), stablecoin-backed projects, and even meme coins like Pepe and Dogwifhat (WIF) recorded double-digit gains. The synchronized growth suggests the move was macro-driven, not speculative.
While XRP’s technical setup remains bullish, analysts caution that a confirmed breakout above $2.30–$2.35 will be needed to open the door toward a retest of the $2.50–$2.60 region.
Conclusion: XRP Price Reacts to Global Signals, but Momentum Is Building
The recent XRP price surge to $2.27 underscores how closely crypto markets are now tied to global economic sentiment.
As trade war tensions soften and long-term holders load up, XRP seems poised for a potentially larger move, especially with the lingering SEC lawsuit still unresolved but nearing its final chapters.
Whether you’re trading on fundamentals or chasing macro narratives, XRP is one token to keep an eye on as the market braces for the next leg up.
