XRP News Today: Trade Deal Hopes Boost XRP Toward $2.80

Multiple media outlets reported that trade negotiators reached a consensus on a US-China framework trade deal on Sunday, October 26, boosting demand for risk assets. XRP reclaimed the $2.65 handle for the first time since the October 10 flash crash to $0.7773.

XRP plunged to an 11-month low on October 10 after President Trump threatened to hike tariffs on Chinese shipments by an additional 100%.

Notably, Bitcoin (BTC) briefly broke above $115,000 on the news. Meanwhile, gold slid 1% to 4,071 in early trading on Monday, October 27, amid easing demand for safe-haven assets.

US-China trade developments coincided with September’s US inflation data, which bolstered bets on back-to-back Fed rate cuts in October and December.

China and the US Announce Trade Deal Framework

Rapid Response 47, an official White House rapid response account, quoted US Treasury Secretary Scott Bessent:

“I believe that we have the framework for the two leaders to have a very productive meeting for both sides – and I think it will be fantastic for US citizens, for US farmers, and for our country in general.”

US President Trump and Chinese Premier Xi are due to meet on Thursday, October 30, potentially ending the US-China trade war.

BCR Market Insight commented on the trade headlines and September US inflation report, stating:

“US CPI comes in under expectations and US/China trade deal happening – Risk is bid to start the week. Hard to know what will derail this risk train! Looks all very positive for the end of year.”

Storm Clouds Clear as XRP Tailwinds Gain Momentum

Expectations of multiple Fed rate cuts and the US-China trade framework coincided with a surge in XRP futures notional volumes, signaling strong institutional demand.

XRP extended its winning streak to four sessions on Sunday, October 26, as traders reacted to several key developments, including:

• XRP futures and options on the Chicago Mercantile Exchange (CME) have reached $26.9 billion in notional volume since May 2025, reportedly a record.
• The Hidden Road deal closed, with a rebrand to Ripple Prime expected to boost XRP utilization on Main Street.
• Ripple-backed Evernorth announced plans to raise over $1 billion to build the world’s largest XRP treasury reserve.
• The Rex-Osprey XRP ETF reported its AUM surpassing $100 million in its first month of trading.

Recent developments have shifted the supply-demand outlook, favoring XRP, which sent the token to its highest level since October 10.

Notably, XRP’s rebound has come despite the US government shutdown delaying the launch of six XRP-spot ETFs. However, uncertainty toward demand turned to optimism as XRP futures on the CME reported record volumes, signaling strong demand for XRP-spot ETFs at launch.

Market Sentiment: Retail Capitulation, Institutional Strength

Market intelligence platform Santiment commented on XRP’s recent price action, stating:

“XRP is at ~$2.60 after a +4% day. We’ve seen some retail FUD across social media, indicating small wallets are selling off. During this $2-$3 price stretch, high crowd predictions of XRP under $2 is a buy signal and above $3 is a sell signal.”

The market typically moves in the opposite direction to retail investor sentiment, indicating a positive outlook.

Crucially, XRP flipped Binance Coin (BNB) over the weekend, reclaiming the #4 spot by market cap.

Technical Outlook: Key XRP Price Levels

XRP advanced 1.88% on Sunday, October 26, following the previous day’s 3.42% gain, closing at $2.6456. Despite Sunday’s gains, the token underperformed the broader crypto market, which rallied 2.83%.

A four-day winning streak sent XRP above the 200-day Exponential Moving Average (EMA). However, the token continues trading below the 50-day EMA, indicating a near-term bearish bias. A Senate vote passing a stopgap funding bill could help expedite the launch of XRP-spot ETFs and shift the narrative.

Key technical levels to watch include:

• Support levels: $2.62, $2.35, $2.2, $2.0, and $1.9.
• Technical resistance level: the 50-day EMA at $2.6926.
• Technical support level: the 200-day EMA at $2.6123.
• Resistance levels: $2.8, $3.0, and $3.66.

Catalysts to Watch in the Coming Sessions

In the upcoming sessions, several events could dictate near-term price trends:

• US-China trade developments.
• A US Senate vote.
• XRP-spot ETFs (delays or launches) and BlackRock’s position on an iShares XRP Trust.
• Blue-chip companies’ appetite for XRP as a treasury reserve asset.
• Regulatory milestones: Ripple’s application for a US-chartered bank license, the Market Structure Bill, and SWIFT-related news could also drive near-term price trends.

Bearish Scenario: Risks Below $2.62

• BlackRock downplays plans for an XRP-spot ETF.
• US government shutdown extends, delaying XRP-spot ETF launches.
• The US Senate opposes crypto-friendly legislation, including the Market Structure Bill.
• Blue-chip companies dismiss plans to adopt XRP as a treasury reserve asset.
• OCC delays or rejects Ripple’s US-chartered bank license.
• SWIFT retains its market share in the global remittance sector, limiting Ripple’s market access.

These bearish events could push XRP below the $2.62 level, exposing the $2.35 support level. If breached, $2.2 would be the next key support level.

Bullish Scenario: Path to $3 Gains Traction

• The US and China sign a trade agreement.
• The US Senate passes a stopgap funding bill.
• BlackRock files an S-1 for an iShares XRP Trust, and the SEC approves XRP-spot ETFs.
• Blue-chip companies boost XRP holdings as treasury reserves, and Main Street integrates Ripple technology.
• Ripple secures a US-chartered bank license, and the Market Structure Bill advances on Capitol Hill.

These bullish scenarios could send XRP toward $2.80. A sustained move through $2.80 would enable the bulls to target the $3.0 psychological level.

Outlook: Macro Tailwinds Influence XRP Trajectory

XRP’s near-term price outlook remains hinged on demand for XRP-spot ETFs. Traders should closely watch Senate votes on Capitol Hill. A prolonged government shutdown would continue to delay the launch of XRP-spot ETFs, potentially limiting gains.

However, the token could see further gains on rising institutional demand and greater adoption on Main Street.

Meanwhile, traders should closely monitor news from Beijing and Washington on US-China trade developments. XRP could benefit from President Trump and President Xi signing a trade deal later this week.