This week, an unexpected statement regarding trade policy from President Donald Trump triggered a sudden and major reversal in the financial markets. Earlier in October, a strict announcement of 100% tariffs on Chinese imports had created a global 'risk-off' sentiment. However, a sudden shift occurred on Friday when the President adopted a more constructive tone, signaling his willingness to "work things out" with Beijing.
Immediate Market Reaction
As soon as the softer rhetoric emerged, both Wall Street and the crypto markets saw instant gains.
The Dow Jones and Nasdaq both added hundreds of points immediately at market open.The overall Crypto Market Cap jumped by nearly 4%, approaching $3.9 trillion.
This easing of macro tensions caused capital to rotate back into risk assets, providing the crypto market with fresh liquidity.
XRP's Strong Performance
XRP particularly benefited from this change, registering an intraday gain of +9%. Crypto analyst Austin Hilton called the reversal a "dramatic change of events" and termed XRP's surge a "buy-the-dip moment."
Crucially: Official exchange data showed XRP’s low point was around $1.69, followed by a recovery into the $2.30 – $2.80 range. This indicates significant volatility, but it was less extreme than some retail feeds had claimed.
Conclusion: The Lesson for XRP Traders
This event proves that macro politics directly influence capital flow in the crypto market. A single statement from the President can instantaneously switch an environment of fear into one of confidence and opportunity.
The key takeaways for XRP holders are:
Political news instantly shifts market sentiment.XRP demonstrated strong rebound behavior, reflecting buyer confidence.Smart traders position themselves rather than reacting emotionally
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