US stock markets and cryptocurrencies saw a sharp rebound on Thursday after former President Donald Trump announced a temporary 90-day break on most international rates-one movements that has been welcomed by investors as a potential turning point for market sentiment.
According to a statement shared by the White House and again posted by Trump on Truth Social, the United States will suspend the rates for most countries, reducing the rates to 10%. The only exception remains China, where tariff rates are increased to 125%, indicating an aggressive attitude in the midst of continuous trade stresses.
Market reaction: a sharp reversal
Markets responded immediately. US shares have established one of their largest single-day meetings in recent months and pushed back from what had been one of the worst weeks of the year. The temporary relaxation of rates seems to have caused renewed investor optimism, especially after recent volatility driven by the concerns of trade wars and uncertainty of monetary policy.
Crypto market joins the rally
The Cryptocurrency market reflected the relocation of the stock market, with Bitcoin that rose to $ 82,000 and large altcoins according to the example. The total global crypto market capitalization rose by more than 8%in the last 24 hours, now at $ 2,59 trillion.
XRP saw one of the most impressive movements and climbed more than 12% to touch $ 2 briefly. The token bounced from an important level of support around $ 1.75 and Now it is confronted with resistance For $ 2.14 to $ 2.15. A confirmed outbreak above that range could open the door for further profit, with technical goals of around $ 2.47 and $ 2.56 in the game.
Despite the Bullish Momentum, there is still uncertainty. At higher time frames, XRP is still technically within a wider Bearish -trend and a persistent outbreak is required to confirm a full reversal.