XRP News Today:  The U.S.-China Trade Deal Hopes Boost XRP Toward $2.80

Worldwide media reports that the United States and China have agreed upon a trade deal ‘framework.’ NBC reported that US President Donald Trump and Chinese President Xi Jinping were expected to reach a deal to avert a new 100% U.S. tariff on Chinese goods and were likely to meet in person soon. US Treasury Secretary Scott Bessent commented that he believed they had the framework for the two leaders to have a very productive meeting for both sides and that he thought it would be fantastic for US citizens, for US farmers, and for the country in general. According to the latest information from the United States diplomats, U.S. President Donald Trump will meet Xi Jinping on October 30, and possibly end the long-standing trade war between the two countries.    

The upcoming resolution in the trade war between the two strongest countries in the world will significantly impact the digital asset markets. XRP, the fifth largest cryptocurrency by market cap, plummeted to its 11-month low on October 10 after the United States President Trump threatened to impose increased tariffs on Chinese shipments. Bitcoin, the most valuable cryptocurrency, also surged and broke above $115,000 following the news. 

XRP price today is $2.63, 1% higher compared to yesterday, and the native cryptocurrency of Ripple is closing in on that $3 psychological price point. The U.S.-China trade framework, along with the expectations of multiple Fed rate cuts, will play a major role and enhance XRP’s market performance and institutional adoption.         

Will XRP Reach $3.00 Following the U.S.-China Trade Deal?

XRP, currently hovering around $2.63, is expected to continue the current market momentum and aim to hit $2.80 by the end of this day. XRP was showing mixed momentum in the previous weeks, with the XRP spot ETF decision delay from the U.S. Securities and Exchange Commission(SEC) hindering all the possible upward momentum. Crypto experts claim that XRP should break above the $3 psychological point to show a notable price gain, and price consolidation between the $2.50-$2.80 range will not be beneficial in the long run for Ripple’s native crypto. 

CryptoPulse, a prominent crypto analyst community, claimed that $XRP appeared to be trading within a broad rising channel, where the price had bounced multiple times off the lower trendline. They noted that if bullish momentum continued, $XRP could be targeting the upper channel zone around $3.7 to $3.8 in the coming weeks.  

The catalysts responsible for XRP’s upcoming dominant price rally and possible breakout above $3 are not only the trade tension relief. There are some other factors that are capable enough to push XRP further forward. Ripple’s Prime, the institutional trading and financing desk launched by Ripple, has already strengthened XRP’s market utility and supported $3 trillion in settlements and enhanced its financial adoption. The much-awaited SEC decisions on the XRP spot ETF will make a significant impact; at the moment, all the SEC operations on ETF filings are halted due to the ongoing U.S. government shutdown. Market analysts commented that XRP had broken above the $2.63 resistance level on a 147% volume spike, establishing new support at $2.61 to $2.63. They noted that the RSI (52.71) and MACD histogram (+0.0345) signaled recovering momentum. 

Any positive output in the U.S.-China trade tension will make a huge difference in the crypto market, including XRP’s market momentum. The prominent analysts and market observers claim that XRP could easily break above the $3 psychological point in the coming months, especially with a strong institutional buying momentum and limited macroeconomic hurdles.