The post XRP Price Sees 12% Gains as China Tariffs Sparks Bitcoin Price Rally appeared on BitcoinEthereumNews.com.

XRP price soared 12% in two days, climbing to $2.12 as renewed buying pressure emerged. China’s trade tariffs fueled a Bitcoin-led crypto rally. Ripple (XRP) sees gains China tariffs sparks crypto market recovery Ripple (XRP) price posted considerable gains on Friday climbing as high as $2.17, as China’s tariffs on the US introduce fresh volatility risks. The global crypto market cap erased losses from Wednesday’s sell-off as China announced retaliatory tariffs on Friday. Investors now fear these measures could impact revenues of U.S. firms worldwide, with concerns mounting as more countries consider retaliatory actions. Crypto market performance, April 4 | Source: Coingecko If the U.S. fails to find a diplomatic solution, equities could slide further, accelerating capital rotation into alternative assets. Investors increasingly view Bitcoin as a hedge against trade policy risks, prompting fund inflows into the crypto market. According to Coingecko data, the total market cap stabilised around $2.78 trillion, with major assets reclaiming key support levels—Bitcoin at $83,000, Ripple price at $2, and Ethereum breaking above $1,800. XRP Price Forecast: XRP Eyes $2.28 as Bullish Reversal Gains Momentum XRP price surged 12.54% in two days, reclaiming the $2.12 level amid strengthening bullish momentum. The rally coincides with an early MACD crossover and a recovery within the Bollinger Bands’ lower boundary. The Bollinger Bands indicate a potential volatility expansion after XRP touched the lower band at $1.98 and rebounded sharply. The mid-band resistance at $2.28 aligns with the Volume Weighted Average Price (VWAP) at $2.09, reinforcing a crucial test for sustained upside. Ripple (XRP) price analysis | Source: TradingView A breakout above these levels could fuel a rally toward $2.58, where the upper Bollinger Band sits. Meanwhile, MACD lines are narrowing, with the blue line approaching an upward crossover. If confirmed, this would mark a bullish reversal, echoing past…

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Filed under: News - @ April 5, 2025 6:24 am