The post Why Is XRP Up Today? Key Reasons Revealed appeared on BitcoinEthereumNews.com.

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. In a single New-York trading day, XRP surged almost 10%, mirroring a ferocious bid across the entire digital-asset complex and closing Thursday, 8 May at its highest mark in roughly two weeks. Analysts trace the rally to a cocktail of macro relief, order-book mechanics and renewed alt-season positioning—factors that coincided in a narrow window and magnified one another. Why Is XRP Up Today? The initial spark came from macro headlines. News of a fresh trade accord between Washington and London tempered fears of escalating tariffs, while word of forthcoming minister-level talks between US and Chinese officials signalled a potential thaw in the world’s most consequential bilateral trade standoff. The calmer outlook flipped global-macro desks into a risk-on stance just as New York opened, and Bitcoin responded first, catapulting through the psychologically loaded $100,000 handle on a strong spot demand. The vertical move forced short sellers to buy back exposure; that “short squeeze,” by definition self-reinforcing, spilled rapidly into major altcoins and lifted XRP alongside the broader tape. Related Reading On-chain flow data added a powerful regional twist. Crypto-market analyst Dom (@traderview2) noted that the South-Korean exchange Upbit—historically an XRP bellwether—flipped from net seller to aggressive accumulator in less than forty-eight hours. “Finally Upbit market changed their tune and are the strongest buyers over the last 24 hours,” he posted to X, specifying that Binance followed closely with a net 9 million XRP absorbed. “We are seeing the strongest taste…

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Filed under: News - @ May 9, 2025 6:25 pm