XRP price is stabilizing around $2.43 after U.S. President Donald Trump announced an approximately 10-percentage-point reduction in tariffs on Chinese imports following trade negotiations with Xi Jinping. This decision has altered the overall market backdrop, lifting global risk sentiment as investors anticipate improved trade relations and a softer outlook for the world economy. The shift has fueled gains in equities and commodities, with traders now assessing whether the same optimism could extend to major digital assets like XRP.
XRP Price Analysis for October 31
XRP is currently trading at $2.43, showing an 8% rise over the previous week despite a 1% daily loss. With obvious technical support close to $2.30 and resistance developing in the $2.70–$2.80 region, the token is still range-bound between $2.35 and $2.55. XRP continues to consolidate near its 100-day simple moving average, suggesting that traders are waiting to see if the combination of recent Federal Reserve rate cuts and reduced trade tensions can translate into renewed capital inflows. If momentum builds, these twin catalysts could create a favorable backdrop for a more constructive XRP outlook over the coming sessions.
Positive Factors for XRP Price: Potential for Altcoin Inflows
Large-cap altcoins, especially those with well-established utility narratives like XRP, may see new inflows if global trade sentiment continues to improve. The token would probably confirm a bullish continuation pattern with possible upside goals around $3.00 to $3.20 if it broke firmly over the $2.70–$2.80 resistance zone. Positioning for a possible rescue rally is indicated by a rise in cross-border payment volumes, less pressure on the US currency, and continued whale accumulation at present price levels. While on-chain data indicates long-term holders are starting to re-accumulate, technical indicators also show steadily increasing momentum. If general market liquidity keeps growing in the coming weeks, these elements taken together might encourage a breakout.
Negative Price Factors
Global risk assets, including cryptocurrency, could swiftly retreat if trade optimism wanes or fresh geopolitical or policy tensions resurface. To preserve its medium-term structure, XRP needs to stay in the $2.30–$2.35 range; if it doesn’t, the token may experience a more severe decline near $2.10–$2.20. Potential regulatory challenges, waning interest in ETF-driven inflows, and broader macro uncertainties continue to be major obstacles. Furthermore, low weekend liquidity might increase short-term downward movements and worsen volatility.
XRP Price Prediction Based on Current Levels
Based on the current structure and improving macro environment, XRP price prediction points to a potential rally if the token manages to close above $2.70 with strong volume. Such a breakout could propel prices toward the $3.00–$3.20 zone, supported by renewed investor confidence and liquidity expansion following the Fed’s recent policy easing. On the other hand, if risk sentiment worsens, a collapse below $2.30 would direct attention toward the $2.10 support level and raise the possibility of short-term weakening. Although XRP is now in a consolidation period, a persistent trade recovery and post-Fed liquidity expansion may unleash fresh bullish momentum in the upcoming sessions, according to the balance of triggers.