XRP has risen to $2.24 today, an increase of 5.77 percent in the past 24 hours. Price volatility reflects increasing investor interest due to macroeconomic and diplomatic developments.
Yesterday, President Donald Trump announced a major trade deal with the United Kingdom. This development has created a more positive market while minimizing the risks of further blows to global trade from subsequent disagreements.
Additionally, U.S. Treasury Secretary Scott Bessent met with Chinese trade officials during a diplomatic trip to Switzerland. He indicated that the current tariffs are unsustainable but emphasized the need for continued economic cooperation.
These signals from the U.S. government have sparked optimism across traditional and digital markets. Investors are responding positively to indicators of easing tensions and an increase in global economic progress.
According to market data, the market capitalization of XRP surged by 5.90 percent to $131.4 billion today. Meanwhile, the daily trading volume nearly doubled, increasing by 99.88 percent to $5.05 billion.
This strong increase in volume indicates rising demand from retail and institutional investors. As a result, XRP becomes interesting due to its utility use case in cross-border payments.
XRP maintained an upward trend during the day as growth momentum built up.
XRP began the day trading at $2.12 and maintained a stable range overnight before the upward trend continued steadily from early morning until late afternoon.
By midday, XRP had risen above $2.20 and maintained buying pressure throughout the day. The token reached a high of nearly $2.27 before closing slightly lower but still above its daily high.
This stable price increase is a strong reversal of sentiment following geopolitical events and the market. Investors believe that the practical utility of XRP is the reason to further expand its value.
The cryptocurrency market in general is also growing, with a total market capitalization currently at around $3.09 trillion. XRP's involvement in this bull run further solidifies its position as one of the major currencies in the market.
Today's strong price increase of XRP is thanks to improved diplomatic relations and restored investor confidence. Strong trading moves and positive macro signals continue to support the upward momentum of this asset.