Source: https://cointelegraph.com/news/xrp-price-gains-13-after-trump-90-day-tariff-pause-and-xxrp-etf-launch?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

XRP (XRP) has experienced a significant 13% increase in price, trading above the $2 level following an announcement by President Donald Trump regarding a 90-day pause on reciprocal tariffs, excluding China which saw a substantial 125% hike as a response to their counter-tariffs against the US. This surge in XRP's price comes amid positive developments in the market, including the launch of the XXRP ETF on the New York Stock Exchange (NYSE) Arca.

Despite the positive news and the launch of the XXRP ETF, technical analysis of XRP charts indicates a potential downside risk. Since December 2024, XRP has been forming a descending triangle pattern on its daily chart, a bearish reversal indicator. The