#xrp

The escalating US Vs Canada trade war has gained notable traction lately, impacting the sentiment of the broader financial market enthusiasts. However, in the latest XRP news, a renowned legal expert said that the ongoing developments could be bullish for Ripple. As Mark Carney is announced as the 24th Prime Minister of Canada, the legal expert said it could be bullish for the blockchain firm as well as XRP Ledger (XRPL).

Canada’s new Prime Minister (PM), Mark Carney has made headlines in the XRP news column. Notably, Carney wasted no time in addressing the US Vs Canada trade war after he took the Canadian PM role, accusing Donald Trump of the recent heat between the two nations.

He directly accused Donald Trump of imposing unjustified tariffs, which he believes are hurting Canadian businesses and workers. In a fiery statement, Carney declared that his government would not back down, saying:

XRP Price & Performance

XRP price today has recorded a slump of over 4% and exchanged hands at $2.17, while its trading volume skyrocketed 150% to $7.8 billion. The crypto has touched a 24-hour high and low of $2.26 and $2.09, respectively. Furthermore, CoinGlass data showed that XRP Futures Open Interest fell 7% today, reflecting the waning risk-bet appetite of the investors.

However, despite that, the recent developments indicate a strong recovery of Ripple’s native assets. For context, the XRP community has called for the Ripple Vs SEC lawsuit end to Mark Uyeda recently, which has gained massive traction from the traders. Besides, the anticipation of an XRP ETF launch in the US and Donald Trump mentioning Ripple’s native asset has further helped experts to offer bullish forecasts for the asset.