XRP now has the spark it was missing to soar upwards

From a technical analysis perspective, Ripple's cryptocurrency displayed a bullish structure, but the macroeconomic environment was not supportive.

The agreements between the U.S. and China boost risk appetite among investors.

XRP at $5 or a little more is a realistic expectation for this cycle.

A spectacular explosion is not always necessary to trigger a major movement. Sometimes, a simple spark is enough.

And if not, just look at XRP, which needed only a signal to reignite and shoot up.

Although technical analysis had been showing powerful signals, Ripple Labs' cryptocurrency needed an extra push, and it came: the macroeconomic situation.

As reported by CriptoNoticias, the United States and China reached an agreement to reduce tariffs (or at least establish a temporary truce of 90 days).

The fact that negotiations have reached a successful conclusion was interpreted by financial markets, including Bitcoin (BTC) and cryptocurrencies, as a relief amid the tensions caused by the trade war.

Therefore, the impact of the news was immediate, awakening the appetite for risk. This is because financial speculators prefer a stable macroeconomic environment to make their moves.