#XRP🚀 Why is XRP up today? Main reasons revealed.

In a single trading day in New York, XRP rose nearly 10%, reflecting strong demand across the digital asset complex and closing on Thursday, May 8, at its highest point in about two weeks. Analysts attribute the rally to a combination of macroeconomic relief, order book mechanics, and a renewed repositioning for 'alt-season' — factors that coincided in a short span of time and amplified each other.

The initial momentum came from macroeconomic headlines. News of a new trade deal between Washington and London eased fears of rising tariffs, while the prospect of ministerial talks between U.S. and Chinese officials signaled a possible easing in the world's most important bilateral trade impasse. The calmer outlook prompted global macro desks to adopt a risk-on stance right at the opening of New York, and Bitcoin responded first, surpassing the psychological threshold of $100,000 with strong spot demand. The vertical movement forced short sellers to buy back their exposures; this 'short squeeze', by definition self-reinforcing, quickly spread to major altcoins and lifted XRP along with the broader market.

On-chain flow data added a powerful regional twist. Cryptocurrency market analyst Dom (@traderview2) noted that the South Korean exchange Upbit — historically a bellwether for XRP — shifted from a net seller to an aggressive accumulator in less than 48 hours. 'Finally, the Upbit market has changed tone and they are the strongest buyers in the last 24 hours,' he posted on X, specifying that Binance closely followed with a net absorption of 9 million XRP. 'We are seeing the strongest aggressive market buying we have seen in over a week.'