XRP's price movement today has been significantly influenced by geopolitical developments, particularly the easing of trade tensions between the U.S. and Mexico. The Mexican government agreed to deploy troops to the U.S. border to curb arms and drug trafficking, which led to a sharp bounce in crypto prices. This agreement has alleviated fears of a full-blown trade war, with XRP surging 40% from its overnight lows. The sentiment shift was further underscored by a spike in prediction markets, which now see an 80% chance that U.S. President Donald Trump will remove blanket tariffs against Mexico before May.
The broader crypto market also benefited from this geopolitical shift, with Bitcoin rallying towards $100,000 and Ethereum and Solana retracing some of their losses. Analysts at QCP Capital noted that the current market movements are driven by cross-asset portfolio rebalancing rather than isolated events. This suggests that the easing of trade tensions has had a ripple effect across various asset classes, including cryptocurrencies.
XRP's price has increased by 3.15% today, reaching a high of $2.660265.