U.S. President Donald Trump has given the crypto market another boost

U.S. President Donald Trump has given the crypto market another boost with a major announcement, causing XRP and the broader market, including Bitcoin, to skyrocket.

U.S. President Donald Trump has granted the crypto market another boost with a main announcement, causing XRP and the broader market, together with Bitcoin, to skyrocket.

XRP is trading at $2.24, marking a gain of greater than 5% from yesterday and greater than 20% from last month.

The token additionally touched $2.27, its highest stage over the past week. This value movement signals a renewed wave of momentum within the broader crypto market, with XRP presently main a lot of the activity.

Trump's Major Announcement

Trump teased a main announcement on Tuesday, and the anticipation paid off as he introduced a main trade deal with the United Kingdom.

The president announced the deal on Truth Social, his social media platform, calling it a “full and comprehensive one” that would “cement the relationship between the United States and the United Kingdom for many years to come.”

Notably, he emphasized that it was the first announcement, suggesting more international trade deals are coming.

In a follow-up post, the president revealed that the deal will raise $6 billion in external revenue from 10% tariffs and $5 billion in export opportunities, causing excitement in the financial markets and a notable rise among major cryptocurrencies.

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Investor Confidence Rebounds After Big Deal

Market participants have interpreted Trump’s post as a signal of strength.

While Trump’s tariff threats initially affected the crypto market’s performance, this resurgence shows that his America-first approach is paying off.

Bitcoin has also experienced a notable 4.9% surge, climbing above $100,000 for the first time since early February.

XRP’s strong response reflects the shift in sentiment caused by the deal, especially given its positioning as a cross-border settlement solution.

Trump has promised many other deals, stating that the U.S. is open for business to those who respect it and bring serious deals.

With more deals on the horizon, detractors who panicked and sold their XRP early will miss out on the massive resurgence.

While XRP’s price struggled, a crypto expert revealed that the short bearish phase would separate the tourists from the truthers. These truthers who believed that Trump’s policies would favour XRP and the broader crypto market are now seeing the results of their belief. Market participants will watch closely to see whether Trump’s upcoming deals or future statements reinforce this shift and help XRP climb further.

: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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