The price of XRP has climbed to $2.16 today as optimism grows around upcoming trade talks between the United States and China.

The price of XRP has climbed to $2.16 today as optimism grows around upcoming trade talks between the United States and China.

The price of XRP rose to $2.16 on Friday as optimism grew around upcoming trade talks between the United States and China.

The token’s rise comes as part of a broader market movement that saw Bitcoin briefly touch $97,000 and Ethereum break through recent consolidation patterns.

XRP gained nearly 2% in the last 24 hours, marking the end of a four-day downtrend. The token currently trades around $2.13.

Its gains come as US Treasury Secretary Scott Bessent will meet with Chinese officials in Switzerland this weekend, continuing a series of diplomatic meetings that have sparked renewed interest across financial markets.

Key Levels to Watch

Market watchers noted that XRP faces resistance at several key technical levels. The price action broke through the overhead trend line and the 50 and 100 EMA lines. The MACD and signal lines recently produced a negative crossover.

Despite these technical hurdles, the token shows promising momentum. Breaking through the 100-EMA at $2.21 could propel XRP toward $2.45, corresponding to the 23.60% Fibonacci retracement level.

On the downside, the 200 EMA line at $1.9978 appears to be acting as strong support for XRP price action. This level may prove crucial if the current rally loses steam.

XRP: A Deep Dive

The first quarter of 2025 proved highly favorable for XRP, according to Ripple’s latest market report. The token demonstrated impressive strength relative to Bitcoin, outperforming the market leader by approximately 10% based on the XRP/BTC ratio.

This outperformance extended beyond Bitcoin. XRP-based investment products attracted $37.7 million in inflows during Q1 2025, bringing the year-to-date total to $214 million. This figure places XRP investment products just $1 million shy of overtaking global Ethereum funds.

Trading volume for XRP has remained consistently healthy. The token has maintained an average daily trading volume of around $3.2 billion over the past six months.

The token saw exceptional performance between November 2024 and early 2025, outpacing Bitcoin by a remarkable 350%. However, this trend has somewhat reversed in recent weeks, with Bitcoin regaining some ground against XRP.

April saw XRP decline by 8% against Bitcoin, with an additional 4% drop in the first week of May. This recent weakness comes despite the token’s overall strong Q1 performance.

Ripple maintains a substantial position in XRP. As of March 31, 2025, the company held 41.69 billion tokens, representing 75.8% of the circulating supply of approximately 55 billion XRP. The company has stated it will provide periodic updates on its holdings over the next 42 months.

Trade Talk Optimism

The upcoming talks between US and Chinese officials have generated positive sentiment across markets. Treasury Secretary Scott Bessent revealed plans to visit Switzerland this weekend for discussions with Chinese delegates already touring Europe.

“The world has been coming to the US, and China has been the missing piece. We will meet on Saturday and Sunday to discuss our shared interests,” Bessent stated in a recent interview.

He expressed a desire to move beyond current trade tensions, noting that “the current tariffs and trade barriers are unsustainable, but we don’8 want to decouple.” Bessent added that as the world begins to renegotiate, “tariffs and other barriers are coming down.”

The treasury secretary also highlighted plans to strengthen domestic industries, stating,

“We are bringing strategic industries back home, from steel to semiconductors to medicine, and Americans will get a better deal.”

China’s Ministry of Commerce confirmed the upcoming meeting, announcing that Vice Premier He Lifeng will represent China in the discussions with Secretary Bessent. The ministry’s statement indicated openness to engagement, noting, “China has carefully evaluated these messages, taking into full account global expectations, China’s own interests, and the appeals of American businesses and consumers.”

The news triggered positive reactions across financial markets. The NASDAQ 100 and S&P 500 both jumped nearly 1% despite opening weaker. Cryptocurrency markets responded similarly, with Bitcoin rising approximately 3% and Ethereum gaining over 1.50%.

Network Activity

The XRP Ledger experienced a slowdown in activity during Q1 2025, with network usage dropping by more than 30%. This decrease mirrored broader market contractions during the same period.

On the daily price chart, XRP appears to be testing support near the $2 level, which coincides with the 200-day moving average. This technical level may provide a foundation for the token’s price in the near term.

The recent price increase has revived interest in XRP’s technical outlook. The breaking of the