XRP Rebounds 8% as $30B Flows Back In After Trade-War Rout

XRP regained $30 billion in market value, rising from $2.37 to $2.58 on strong institutional volume after last week’s tariff-induced decline.

News Background

The recovery follows a 50% drop due to President Trump's 100% China-tariff announcement, which caused $19 billion in crypto liquidations. Renewed buying has restored some confidence, with speculation of a potential record weekly close above $3.12. Broader markets remain cautious, but selective institutional inflows into XRP have been noted.

Price Action Summary

XRP rose 8.5% between Oct 12 and Oct 13, trading within a $0.22 range ($2.37–$2.59).
Volume spikes occurred between 14:00–17:00, reaching 276.8 million, over double the daily average.
Support confirmed at $2.37 with resistance near $2.59.
Closed at $2.58 on a 2.3 million turnover, indicating continuation.

Technical Analysis

An ascending channel is formed with a base at $2.37 and a lid at $2.59. Sustained closes above $2.59 could target $2.70–$2.75, while failure to maintain $2.50 may lead to a retrace toward $2.42. Momentum remains bullish with institutional activity leading each breakout.

What Traders Are Watching?

If $2.57 holds as new support.
A break above $2.59 targeting $2.70–$2.75; stretch goal over $3.00.
Impact of trade-war headlines and Fed statements on risk appetite.
Continued ETF speculation and institutional flows supporting recovery.