XRP price soared 12% in two days, climbing to $2.12 as renewed buying pressure emerged

China's trade tariffs fueled a Bitcoin-led crypto rally. Ripple (XRP) sees gains China tariffs sparks crypto market recovery

China’s trade tariffs sparked a recovery in the crypto market on Friday, as the global market cap erased losses from Wednesday’s sell-off.

Its total market cap now stands at $2.781 trillion, with major assets reclaiming key support levels—Bitcoin at $83,000, Ripple price at $2, and Ethereum at $1,800.

If the U.S. fails to find a diplomatic solution, equities could slide further, accelerating capital rotation into alternative assets. Investors are increasingly viewing Bitcoin as a hedge against trade policy risks, prompting fund inflows into the crypto market.

XRP Price Surges 12% in Two Days as Renewed Buying Pressure Emerges

XRP price soared 12% in two days, climbing to $2.12 as renewed buying pressure emerged. The rally follows a period of consolidation, suggesting a potential shift in market sentiment.

The Bollinger Bands are expanding, indicating increased volatility. After touching the lower band at $1.98 and rebounding sharply, XRP is now testing the mid-band at $2.18, a key resistance level.

This level is also close to the Volume Weighted Average Price (VWAP) at $2.09, which is an average of the price over a specific period, factoring in volume.

A breakout above these levels could fuel a rally toward $2.58, where the upper Bollinger Band sits. This sustained buying pressure could also lead to an early MACD crossover, a technical indicator that often signals a trend reversal.

The MACD lines are narrowing, and if the blue line crosses above the red line, it could confirm a bullish reversal, echoing past rallies from similar levels.

However, Bitcoin price forecast remains a critical factor, as BTC’s next move could influence XRP’s trajectory. If Bitcoin maintains bullish sentiment, XRP could benefit from broader market strength.

Failure to break the $2.18 resistance could trigger another retest of $1.98 support, risking further declines. However, as long as XRP holds above the VWAP, the technical setup leans bullish, suggesting a higher probability for further gains.