#TariffsPause a dramatic twist of market sentiment, Ripple (XRP) has reclaimed the $2 mark, driven by a combination of global market optimism and a significant policy reversal by U.S. President Donald Trump regarding reciprocal tariffs. This surge not only marks a sharp recovery from recent lows but also triggered the liquidation of nearly $20 million in short positions, as per data from Coinglass.

XRP's 14% Rally and Market Reversal

XRP surged over 14% in the past 24 hours, bouncing back from a low of $1.6128 recorded earlier in the week to trade at $2.0007 as of Thursday. This impressive turnaround came as markets processed President Trump’s unexpected April 2 announcement reversing retaliatory tariffs, which