XRP Today's News: The China-US trade war suddenly迎來轉機, big pump 8% outperforming Bitcoin

On October 13, signs of easing tensions between the US and China emerged, with XRP price surging 8.3% to $2.55, successfully breaking through a key resistance level, outperforming Bitcoin and Ethereum. President Trump’s statement of “don’t worry about China,” along with a potential trade agreement before the APEC summit, is driving a strong rebound in the entire digital asset market.

The easing of tensions in China-US trade ignites a surge in cryptocurrency

(Source: Trading View)

Since President Donald Trump made a statement on Truth Social on October 12, the cryptocurrency market has experienced a significant recovery. Trump stated, “Don't worry about China, everything will be fine,” and emphasized that the respected President Xi Jinping is just going through a rough patch, and the United States hopes to help China rather than harm it.

These remarks quickly ignited market confidence. The latest report shows that, as the APEC Asia-Pacific Economic Cooperation summit on October 31 approaches, the U.S. government and China are currently in a state of “de-escalation,” with leaders from both sides set to discuss a potential trade agreement.

· Mainstream cryptocurrencies collectively rebound

Market Performance Overview:

XRP: Up 8.3%, leading the mainstream coins

Ethereum (ETH): up 8.2%

Dogecoin (DOGE): Up 7.6%

Solana (SOL): up 6.3%

Bitcoin (BTC): Up 1.9%

The Chinese government has also released goodwill signals, clarifying the statement on rare earth export restrictions, indicating that the new export controls do not prohibit exports, and that applications that comply with regulations will be approved. The Chinese side emphasizes its willingness to strengthen dialogue to better maintain the stability of the global industrial and supply chains.

· XRP Breaks Key Technical Resistance Level with Impressive Performance

According to the latest market data, the trading price of the native cryptocurrency of the XRP Ledger is $2.55, up 8.3% from yesterday, with a daily trading volume of $9.7 billion, an increase of 4.04% from the previous day. XRP currently has a market share of 3.97%, performing strongly after Trump's statement, surpassing Bitcoin and Ethereum, becoming the leader of this round of rebound.

Technical Analysis Highlights

Breakthrough of Key Fibonacci Level: Market analysts point out that the price of XRP has successfully broken through the 61.8% Fibonacci retracement level from the volatility high of $3.05 to the volatility low of $1.40, which is an important technical signal indicating that bullish momentum is dominating the market.

Short-term resistance and support levels:

Current price: 2.55 USD

Key resistance levels: $2.60, $2.65

Target after breakout: may test higher price levels.

Recent market analysts believe that after XRP's price breaks through the $2.50 region, it will initiate a rebound trend, but they also warn that there may be significant resistance at the $2.60 level. Experts indicate that although XRP is currently showing a bullish trend, if it cannot break through the resistance level of $2.65, the price may face a correction pressure.

Key Factors Influencing XRP's Future Market

XRP not only focuses on price performance but also needs to pay attention to the important variables that will affect future trends. Market experts believe that the following factors will play an important role in the upcoming XRP price trend.

· Geopolitical Developments

The key role of the APEC summit: Renowned diplomats believe that the China-U.S. relationship is in a phase of easing and plan to reach a trade agreement before the APEC summit scheduled for October 31. This will boost the entire cryptocurrency market as it alleviates global concerns about trade barriers and the risk environment in the global market.

A successful trade agreement will inject long-term confidence into the cryptocurrency market, especially for XRP, which has cross-border payment application scenarios. The improvement of the trading environment will directly benefit its application prospects.

· XRP Spot ETF Application Progress

The market is closely watching the progress of the XRP spot ETF application. Cryptocurrency experts stated that the latest developments in the US-China tensions and the potential decision on the XRP spot ETF application will be dual catalysts driving the price of XRP.

However, it is worth noting that if the U.S. government shutdown continues into November, it is unlikely that the XRP spot ETF will receive SEC approval before November. This means that investors need to pay attention to both political risks and regulatory dynamics.

· Risk of US Government Shutdown

Although the tension in Sino-U.S. trade may bring short-term relief, concerns about a government shutdown in the United States still pose a significant threat. This measure will alleviate the performance of the cryptocurrency market in the short term, but ongoing concerns about the government shutdown and the delay of spot ETFs may have a negative impact on cryptocurrency prices.

Risk Factor Assessment:

1. Government shutdown may delay the ETF approval process.

2. Uncertainty may deter institutional investors from entering the market.

3. Short-term market volatility may intensify.

How can investors seize the XRP market?

The current XRP news today provides important market signals for investors. The positive sentiment brought about by the easing of China-U.S. relations, coupled with XRP's successful breakthrough of key technical resistance level, indicates that market momentum is strengthening.

Short-term Trading Strategy: Pay close attention to the performance of the resistance levels at 2.60 dollars and 2.65 dollars. A successful breakthrough will open up further upside potential, but if it encounters resistance and falls back, risk management must be considered. The current daily trading volume of 9.7 billion dollars indicates a high level of market activity, providing traders with a good liquidity environment.

Medium to Long Term Allocation Considerations: Pay attention to the progress of trade agreements from the APEC summit, as well as the approval dynamics of the XRP ETF. If the trade agreement is reached and the ETF is approved, XRP may experience a more significant upward momentum. At the same time, be wary of the potential impact of political risks such as the U.S. government shutdown on the market.

Investors should establish diversified risk management strategies, preparing for possible pullbacks while seizing upward opportunities. A dual confirmation of technical and fundamental analysis is an important basis for determining entry timing.

· Seize New Opportunities in the XRP Market

The easing of tensions in Sino-U.S. trade has brought much-needed positive news to the cryptocurrency market, with XRP's 8.3% increase and technical breakthroughs indicating a return of market confidence. President Trump’s positive stance, along with a potential trade agreement that may be reached before the APEC summit, provides strong support for XRP's future trend.

However, investors should also remain cautious and pay attention to the breakthrough situation of the resistance area at 2.60-2.65 USD, as well as the risk of a government shutdown in the United States and the progress of ETF approvals. In the current market environment, staying updated with the latest information and flexibly adjusting investment strategies are key to successfully grasping the XRP market trends.